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Bitcoin

Discussion in 'Fred's House of Pancakes' started by tochatihu, Nov 29, 2017.

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  1. tochatihu

    tochatihu Senior Member

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    #221 tochatihu, Jan 8, 2019
  2. bisco

    bisco cookie crumbler

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    out of curiosity, i read the wiki on cryptocurrency. unfortunately, most of what is in there is above my pay grade.
    i did read some interesting things like countries where major mining is being set up due to the low cost of electricity, or availability of renewables.
    and one government, iirc, was trying to do something about their poor internet infrastructure so that minors would set up shop there

    oh, and ohio is now taking crypto payments for state taxes
     
    #222 bisco, Jan 8, 2019
  3. fuzzy1

    fuzzy1 Senior Member

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    #223 fuzzy1, Feb 4, 2019
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  4. tochatihu

    tochatihu Senior Member

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    This departure from existence seems to represent about 0.3% of total bitcoinage. Which is either a lot or a little, depending on how one looks at it.

    There about 1.7 trillion of US currency in circulation. If a like fraction of that went walkies, it would be about $4.7 billion. One could build a lot of wall with that :)
     
    #224 tochatihu, Feb 5, 2019
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