Proof of who's work? Every one works at something. Not all work is valuable or good.
Who determines the value of the work? NFT was considered valuable at one point now they have lost value.
Blockchains can now be hacked. Anything digital can be corrupted.
As the oligarchy controls the internet, they will control BTC.
Your response leaves a lot to be desired to be desired.
Proof of SHA256 work. Not gonna explain Bitcoin mining in detail in this venue, but you can find videos or webpages explaining how it all works. Basically quadrillions of hashes are produced every second in order to find the next block. This next block contains the most recent transactions, verifying them, while also awarding 3.125 btc to the miner who found the correct nonce.
Your statements about hacking blockchains are not true (unless you have a link to share…) and the whole point of the cryptography behind the blockchain is that it can’t really be hacked. Even a tiny change will make the whole network reject your modified/hacked chain.
If the internet goes down you’ll be unable to use credit cards either. Everything will come to a screeching halt. Even gold sales won’t work unless you have cash. Once things come back up you’ll be able to use Bitcoin as normal.
One thing to note: Starlink means the internet won’t go down completely. As long as you have a battery to plug your receiver into, you can still access the internet via those satellites.
And this is how we bring the masses to understand and incorporate BTC in daily lives. Currency requires participation from the masses to succeed. It dies in bubble societies.
Real smart..
Cultists and MLM marketers say the same thing you did when folk ask foundation questions.
You should have responded "I dont really know."
wow.
There's also a bit of a requirement for you to bring some understanding to the table. You can look at some of my older comments to see some explanations for the use and functionality of block chain stuff. I'm on mobile so the quote was meant to encourage you to do even the slightest to see what's up with block chain and then come back.
Proof-of-work. Literally not hard to understand.
China's doing most of the work and have most of the crypto. Might as well call it CCP coin.
Proof of who's work? Every one works at something. Not all work is valuable or good. Who determines the value of the work? NFT was considered valuable at one point now they have lost value. Blockchains can now be hacked. Anything digital can be corrupted. As the oligarchy controls the internet, they will control BTC. Your response leaves a lot to be desired to be desired.
Proof of SHA256 work. Not gonna explain Bitcoin mining in detail in this venue, but you can find videos or webpages explaining how it all works. Basically quadrillions of hashes are produced every second in order to find the next block. This next block contains the most recent transactions, verifying them, while also awarding 3.125 btc to the miner who found the correct nonce.
Your statements about hacking blockchains are not true (unless you have a link to share…) and the whole point of the cryptography behind the blockchain is that it can’t really be hacked. Even a tiny change will make the whole network reject your modified/hacked chain.
I can dig what you are saying.. The thing is it independent of internet gate keepers. If the internet goes down, what happens then?
If the internet goes down you’ll be unable to use credit cards either. Everything will come to a screeching halt. Even gold sales won’t work unless you have cash. Once things come back up you’ll be able to use Bitcoin as normal.
One thing to note: Starlink means the internet won’t go down completely. As long as you have a battery to plug your receiver into, you can still access the internet via those satellites.
"If you don't understand it, I don't have time to explain it to you, sorry" (rough quote)
And this is how we bring the masses to understand and incorporate BTC in daily lives. Currency requires participation from the masses to succeed. It dies in bubble societies. Real smart.. Cultists and MLM marketers say the same thing you did when folk ask foundation questions. You should have responded "I dont really know." wow.
There's also a bit of a requirement for you to bring some understanding to the table. You can look at some of my older comments to see some explanations for the use and functionality of block chain stuff. I'm on mobile so the quote was meant to encourage you to do even the slightest to see what's up with block chain and then come back.