Crypto currency (IF banned from CA)

[DuuuncanHadaPigeon]

The public ledger is a slow and expensive database,it's only useful for preventing bitcoin double spends.

Incorrect, it is the consensus protocol that ensures no double spend and censorship resistance. In bitcoins case this is proof of work but there are many protocols that can avoid a Byzantine fault

The public ledger just records the transactions inefficiently

 

[nikom court]

Right on cue!
How do you spell money printer go brrrrrrrr in mandarin?

 

[nikom court]

Nobody's using it though!

 

[Efcjake]

 

[YoboCopter]

China hates crpyto we know that

hasnt china banned anything it cant control?

 

[DuuuncanHadaPigeon]

View attachment 139921

It might be true this time, but China have banned crypto in one way or another about 10 times

 

[Efcjake]

It might be true this time, but China have banned crypto in one way or another about 10 times

Well their central bank posted it on their website so make of that what you will

 

[DuuuncanHadaPigeon]

China hates crpyto we know that

hasnt china banned anything it cant control?

yes and no, about 50% of the worlds BTC mining is in China

 

[DuuuncanHadaPigeon]

Well their central bank posted it on their website so make of that what you will

ya, all i'm saying they have done this several times before - they still account for roughly 50% of all bitcoin mining across the world

 

[nikom court]

 

[YoboCopter]

How we all getting on?

 

[nikom court]

 

[DuuuncanHadaPigeon]

Title isn't great - they mined $450 worth of BTC

Do you know what their average buy position is?

 

[nikom court]

Title isn't great - they mined $450 worth of BTC

Do you know what their average buy position is?

 

[DuuuncanHadaPigeon]

0.01083155 BTC = $512

Still, using renewable energy for mining is better than not!