Cryptos are a fucking scam to sucker people out of their money who think it'll replace fiat. It has no intrinsic value
Only sound money (silver and gold) can save us from eternal debt slavery because they are real stores of value
Get off Voat and start educating people about central banking. Go tell all your friends and family. Start a grassroots campaign to lobby congress to abolish the Fed and return to the Constitution
This is something liberals and conservatives can really rally around. Nobody likes being stolen from. Tell them why they should lobby hard for this. Hell, run for office if you think you can pull it off. Even if you don't get elected, campaigning is a great way to raise awareness. Worked great for Ron Paul. He woke up millions of people to the threat of the Fed
Focus on this one thing. Fuck everything else. We can come back and fight all the other shit later. If we don't end the Fed, there won't be any point in resisting the creep of multiculturalism, feminism, surveillance, endless war, degeneracy, etc.
These are distractions created by Jews to keep us from focusing on their source of power - fiat money
Kill fiat and everything else goes away with it
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[–] KoKansei 0 points 2 points 2 points (+2|-0) ago
It is issued by miners locked into a competitive Nash equilibrium. Essentially miners are economically incentivized to issue coins according to a fixed schedule.
You can read about it here: https://www.investopedia.com/tech/how-does-bitcoin-mining-work/
Also refer to the Satoshi whitepaper for a higher-level overview of the system: https://bitco.in/bitcoin.pdf
[–] AinzOown 2 points 0 points 2 points (+2|-2) ago
Bitcoin mining feels dumb. I don't get how doing that is providing a valued service that people should pay money for. For my job I do a service people value, hence they're willing to give me their hard earned money for it.
Also it says guess the hexadecimal equal to or lesser than? So why not always just guess the hexadecimal equivalent to 0 or 1? That or they just didn't explain that part very well.
[–] KoKansei ago
The hashing performed by the miners is the means by which the entire network is secured against double-spending. Is maintaining the existence of a 300 billion dollar ledger not a valuable service?
In order to find a block, a miner must iterate a hashing function trillions of times until the designated output is obtained. The designated output is not zero but a value that is preceded by many zeros in hex notation. Keep reading, check what you don't understand using google, and you will get it.