"understanding Bitcoin" 

I feel like people maybe give explanations that are too complex?

What I think people should know:

- it's a virtual currency that's completely unregulated
- it is highly fluctuating in value because people do speculation on it (like the real world stock market)
- the transactions are anonymized (sorta, there's no named associated to them but that's it)
- the combination of all the computers that generate them consume energy in gargantuan proportions and that's the main problem about it

Most other cryptocurrencies are like that too. I don't think it's needed to get into what blockchain and mining is to people

Bitcoin & blockchain 

@Siphonay Thank you very much for the explanation.

Speaking of blockchain, for years I would read many articles about it, yet to this day I still have no effing idea what it does and how it works. It's probably not that important...

Or is it?

Bitcoin & blockchain 

@ady_luimeme I think it might be better to approach it as a database structure model rather than systematically associate it with cryptocurrencies

Bitcoin & blockchain 

@Siphonay @ady_luimeme yes, instead of having one big server managing the database, you have hundreds of little computers which manage a database and communicate constantly between them to verify that the information they have are correct

It's why some people trust more cryptocurrencies than regular currencies, because they can if they want become part of the network and check with the others that every transaction is okay


Bitcoin & blockchain 

@darckcrystale @Siphonay I think I kinda understand. x)

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