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  • Vandertoolen
    +9

    Bitcoin.

    • double2
      +5

      What level of detail? The functional or the technical?

    • ColonBowel
      +4

      What I find interesting about it is that people accept it as currency? Why? How did that even begin and catch on?

      • double2 (edited 8 years ago)
        +3

        Because the total quantity/scarcity of the "resource" is publicly verifiable, therefore each transaction reflects upon the value of the resource. After that, it just takes a somewhat arbitrary psychological leap to decide that you are happy to give things to others in exchange for the scarce resource. As long as there are a few people accepting the resource in exchange for things other than the resource, it takes on real world value due to it's representative relationship with other things. In the case of bitcoin, the main other thing is drugs. Drugs keep bitcoin valuable.

    • DiamondDragon
      +4

      If you seriously want to learn about Bitcoin I would suggest reading a book I came across called 'Bitcoin: The Future of Money by Dominic Frisby'. It explains clearly in layman's terms all about bitcoin. It's very engaging and not dry at all and also goes into some theories about what bitcoin could do for the world. I can now say I have at least a non-technical grasp on the subject.

      • rawlings
        +3

        Thanks I'm curious about bitcoin as well.