Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

In reply to the discussion: Bitcoin Explained [View all]

Initech

(108,569 posts)
7. I think John Oliver put it best:
Fri Apr 23, 2021, 10:54 PM
Apr 2021

"It's everything you don't understand about computers combined with everything you don't understand about economics."

Recommendations

0 members have recommended this reply (displayed in chronological order):

Bitcoin Explained [View all] lame54 Apr 2021 OP
Exactly. CurtEastPoint Apr 2021 #1
Yup. dhol82 Apr 2021 #2
Finally! frogmarch Apr 2021 #3
Funny, thanks n/t lordsummerisle Apr 2021 #4
lol nt BootinUp Apr 2021 #5
A clever description I read 7wo7rees Apr 2021 #6
! Lisa0825 Apr 2021 #8
I think John Oliver put it best: Initech Apr 2021 #7
True story, here DenaliDemocrat Apr 2021 #9
I understand this much DFW Apr 2021 #13
About a year ago it was under $4,000 Pluvious Apr 2021 #16
I remember that DFW Apr 2021 #18
BTC is the Winsock of the nascent Internet Pluvious Apr 2021 #20
I frequently get the impression that much of these times has passed me by DFW Apr 2021 #21
As a poker player... Pluvious Apr 2021 #26
This message was self-deleted by its author Tom Rinaldo Apr 2021 #23
I won't touch them until PCGS grades them Tom Rinaldo Apr 2021 #24
And nothing under MS64 will be accepted as payment DFW Apr 2021 #25
/// usaf-vet Apr 2021 #10
It's bad enough that our physical currency is pretty much backed by air, patphil Apr 2021 #11
This message was self-deleted by its author AllyCat Apr 2021 #12
The energy used by computers to mine Bitcoin is more than the consumption of Ireland. Gaugamela Apr 2021 #14
That could be a good analogy Laha Apr 2021 #15
Massive and fatal flaws in that analogy- tulips are not fungible assets, bitcoins are. Celerity Apr 2021 #19
Good points Laha Apr 2021 #28
Most newer cryptocurrencies do not have the electricity issue Amishman Apr 2021 #27
Traditional fiat currency is actually pretty crazy to when you think about it too Silent3 Apr 2021 #17
If you ask me, the idea of money itself is what's pretty crazy. PETRUS Apr 2021 #22
Latest Discussions»General Discussion»Bitcoin Explained»Reply #7