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Bitcoin
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Quote:I dont think I've heard of anyone just "creating" coins, all the coins have to be "mined", and there is a finite number of coins that will ever be mined.Takes a substantial amount of computer power to mine them and it gets harder to mine as more are found. The mining also serves an added function of improving security. This is a complete lamens terms as i understand it explanation. If you are interested in learning more Joe Rogan has done multiple podcasts with Andreas Antonopoulos that help explain it a bit and the need for it, and some of the issues of using it. The finite number of coins ever being available is what protects it from inflation.
Go Jags!
*To stay up for atleast 2 years 3/6/17 2016 draft players I think will be good
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| Messages In This Thread |
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Bitcoin - by imtheblkranger - 12-29-2016, 03:40 PM
Bitcoin - by jagibelieve - 12-29-2016, 03:47 PM
Bitcoin - by superfan32 - 12-29-2016, 03:49 PM
Bitcoin - by Bchbunnie4 - 12-29-2016, 03:50 PM
Bitcoin - by superfan32 - 12-29-2016, 03:59 PM
Bitcoin - by jagibelieve - 12-29-2016, 04:09 PM
Bitcoin - by jagibelieve - 12-29-2016, 04:10 PM
Bitcoin - by superfan32 - 12-29-2016, 04:16 PM
Bitcoin - by superfan32 - 12-29-2016, 04:21 PM
Bitcoin - by Bchbunnie4 - 12-29-2016, 04:25 PM
Bitcoin - by Senor Fantastico - 12-29-2016, 04:25 PM
Bitcoin - by Bchbunnie4 - 12-29-2016, 04:26 PM
Bitcoin - by jagibelieve - 12-29-2016, 04:27 PM
Bitcoin - by jagibelieve - 12-29-2016, 04:28 PM
Bitcoin - by Bchbunnie4 - 12-29-2016, 04:28 PM
Bitcoin - by jagibelieve - 12-29-2016, 04:30 PM
Bitcoin - by Bchbunnie4 - 12-29-2016, 04:30 PM
Bitcoin - by Bchbunnie4 - 12-29-2016, 05:07 PM
Bitcoin - by Bchbunnie4 - 12-29-2016, 05:16 PM
Bitcoin - by jagibelieve - 12-29-2016, 05:18 PM
Bitcoin - by Bchbunnie4 - 12-29-2016, 06:16 PM
Bitcoin - by imtheblkranger - 12-29-2016, 06:44 PM
Bitcoin - by realtorpat - 12-29-2016, 06:52 PM
Bitcoin - by Bchbunnie4 - 12-29-2016, 07:01 PM
Bitcoin - by realtorpat - 12-29-2016, 08:21 PM
Bitcoin - by imtheblkranger - 12-29-2016, 11:40 PM
Bitcoin - by VisitingCobra - 12-30-2016, 03:13 AM
Bitcoin - by flsprtsgod - 12-30-2016, 07:19 AM
Bitcoin - by TheBigDawg - 12-30-2016, 08:54 AM
Bitcoin - by JagFanatic24 - 12-31-2016, 01:44 PM
Bitcoin - by americus 2.0 - 12-31-2016, 05:36 PM
Bitcoin - by americus 2.0 - 12-31-2016, 05:43 PM
Bitcoin - by imtheblkranger - 12-31-2016, 08:22 PM
Bitcoin - by The Real Marty - 01-03-2017, 12:23 PM
Bitcoin - by Bchbunnie4 - 01-03-2017, 12:43 PM
Bitcoin - by HURRICANE!!! - 01-03-2017, 01:52 PM
Bitcoin - by jagibelieve - 01-03-2017, 07:44 PM
Bitcoin - by HURRICANE!!! - 01-04-2017, 10:48 AM
Bitcoin - by HURRICANE!!! - 01-04-2017, 10:56 AM
Bitcoin - by realtorpat - 01-04-2017, 08:55 PM
Bitcoin - by realtorpat - 01-06-2017, 11:35 AM
Bitcoin - by Senor Fantastico - 01-06-2017, 05:39 PM
Bitcoin - by flgatorsandjags - 01-07-2017, 01:26 AM
Bitcoin - by flgatorsandjags - 01-07-2017, 01:48 AM
Bitcoin - by flgatorsandjags - 01-07-2017, 01:58 AM
Bitcoin - by JagFanatic24 - 01-22-2017, 01:19 AM
Bitcoin - by homebiscuit - 01-22-2017, 09:12 AM
Bitcoin - by Bchbunnie4 - 01-22-2017, 10:09 AM
Bitcoin - by homebiscuit - 01-22-2017, 10:20 AM
RE: Bitcoin - by imtheblkranger - 12-06-2017, 12:23 PM
RE: Bitcoin - by TJBender - 12-06-2017, 01:04 PM
RE: Bitcoin - by JaG4LyFe - 12-06-2017, 01:21 PM
RE: Bitcoin - by TJBender - 12-06-2017, 01:36 PM
RE: Bitcoin - by Achilles - 12-06-2017, 02:21 PM
RE: Bitcoin - by imtheblkranger - 12-06-2017, 02:35 PM
RE: Bitcoin - by TJBender - 12-06-2017, 05:18 PM
RE: Bitcoin - by EricC85 - 12-06-2017, 09:15 PM
RE: Bitcoin - by Senor Fantastico - 12-06-2017, 10:24 PM
RE: Bitcoin - by Senor Fantastico - 12-06-2017, 07:07 PM
RE: Bitcoin - by imtheblkranger - 12-06-2017, 08:12 PM
RE: Bitcoin - by TJBender - 12-06-2017, 09:41 PM
RE: Bitcoin - by imtheblkranger - 12-06-2017, 09:54 PM
RE: Bitcoin - by TJBender - 12-06-2017, 10:00 PM
RE: Bitcoin - by imtheblkranger - 12-06-2017, 10:46 PM
RE: Bitcoin - by flgatorsandjags - 12-11-2017, 06:52 PM
RE: Bitcoin - by imtheblkranger - 12-11-2017, 07:57 PM
RE: Bitcoin - by flgatorsandjags - 12-12-2017, 09:06 PM
RE: Bitcoin - by jagibelieve - 12-12-2017, 09:18 PM
RE: Bitcoin - by JackCity - 12-12-2017, 10:18 PM
RE: Bitcoin - by imtheblkranger - 12-12-2017, 10:45 PM
RE: Bitcoin - by TJBender - 12-13-2017, 09:19 AM
RE: Bitcoin - by TJBender - 12-22-2017, 02:26 PM
RE: Bitcoin - by Senor Fantastico - 12-22-2017, 03:16 PM
RE: Bitcoin - by imtheblkranger - 12-22-2017, 07:51 PM
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