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Old 03-19-2013, 08:40 PM  
notinmybackyard
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Quote:
Originally Posted by nexcom28 View Post
I have known about bitcoins for a while, I fist heard about bitcoin mining where hackers would illegally use your PC to mine for data.
Please could someone explain simply how it all works. Ive tried to understand but I don't get it.

How does a site allow payments by bitcoin and where do they come from?
Bitcoins are the creation of grown up nerds that want to make something that resembles Dugeons and Dragons money. The concept is that it is an electronic non-real thing that exists only in the pokemon digital universe.

Unfortunately they do not see that they will loose their money if they drop their tablette in the kitchen sink by accident, some hacker at the train station downloads it off laptop and some Hindu will figure out how to counterfeit them using an old pong video console.

Not to mention all the problems with gouvernement super computer spy agencies being able to monitor and track every purchase and ruin someone's life by just "closing his account with a keystroke."

Virtual money is a stupid idea.
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