try less since there were a couple other people who had a winning ticket according to the website its $318,000,000 before taxes
Props:
NAMO and NAMO
Freedom Town: Aesthetic and Recreational Lawn Alternative
- Thread starter BASEDVATO
- Start date
I'm by far not an expert ,but from what I do know:
Every bitcoin released must use computing power to enter circulation. They are hidden in long strings of encryption: thus cyrpto-currencay. Plus using your computer on the serve, helps with transaction, and you might fraction of transaction fees. They come from the bitcoin server, and who ever created the p2p network.
As more bitcoins enter circulation, the more difficult the encryptions become, which make them more rare to mine and price raise. Only 21m can be mined.
The argument about bitcoin, is nothing is backing it. Then again, nothing is backing our dollar - the mint regular just prints money out of thin air and throws it in circulation. I'm not really sure what gives it worth, just like I'm not exactly sure what gives our modern day dollar worth.
Every bitcoin released must use computing power to enter circulation. They are hidden in long strings of encryption: thus cyrpto-currencay. Plus using your computer on the serve, helps with transaction, and you might fraction of transaction fees. They come from the bitcoin server, and who ever created the p2p network.
As more bitcoins enter circulation, the more difficult the encryptions become, which make them more rare to mine and price raise. Only 21m can be mined.
The argument about bitcoin, is nothing is backing it. Then again, nothing is backing our dollar - the mint regular just prints money out of thin air and throws it in circulation. I'm not really sure what gives it worth, just like I'm not exactly sure what gives our modern day dollar worth.
Last edited:
What confuses me is who decided the 21m for circulation being a set amount. Also from what I read it's at 12m right now and will gradually build at basically a set rate until it hits 21m, who sets that rate.
The anonymous dude with the fake Japanese name (which honestly I've always guessed was a group of people, not just one dude) that created bitcoins just basically snapped his fingers one day and said "this is currency". Now with people buying it with world currencies it's almost like it's backed by the dollar, euro, pound, etc. and lucky people get free money because their computer that runs a program "mined" or basically figured out a math problem lol
From what I get out of it is that it's basically random data that's now backed by world currency and not actually a currency of it's own.
The anonymous dude with the fake Japanese name (which honestly I've always guessed was a group of people, not just one dude) that created bitcoins just basically snapped his fingers one day and said "this is currency". Now with people buying it with world currencies it's almost like it's backed by the dollar, euro, pound, etc. and lucky people get free money because their computer that runs a program "mined" or basically figured out a math problem lol
From what I get out of it is that it's basically random data that's now backed by world currency and not actually a currency of it's own.