So the phrase "Bitcoin" is being chucked around the net a lot these days, and it seems to be growing momentum. I understand the concept that you let your computer solve mathematical algorithms that get sent to a large server in order to be rewarded Bitcoins that can be spent like real money or even traded for real money.
But how the hell did it become an acceptable currency, and how is it not possible to just "mine" millions of bitcoins and then become rich? I guess what i'm trying to say is, how is the bitcoin made, which makes it acceptable to use as a worldwide currency? The only thing i can think of is that the bitcoin is so mathematically complex, that is requires a fair bit of computer power and electricity to mine, therefore converting your hard earn't cash into a bitcoin from the server as a payout? Fuck if i know, someone enlighten me.
For those of you that don't know what a bitcoin is:
And whilst i'm here, i had a random thought. Could the bitcoin become the world's most accepted currency in the future for online purchases?
DuPz0rMember Since 14 Mar 2011
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