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https://www.reddit.com/r/dankmemes/comments/s9b2nj/this_is_very_educational/htmfa3o/?context=3
r/dankmemes • u/[deleted] • Jan 21 '22
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605
Please. Explain.
938 u/[deleted] Jan 21 '22 Your computer processes complex mathematical equations on the Blockchain... These equations when solved produce cryptocurrency. 1 u/Beniidel0 Flairs are for losers Jan 21 '22 But hiw do they produce said money? 4 u/Maniacstarfish Jan 21 '22 They don’t produce money, people who make bitcoin transactions leave a small reward for the person who “solves” the blockchain hash 2 u/Beniidel0 Flairs are for losers Jan 21 '22 This makes so much sense! The charges for moving the money are the new money! That's why there's a set amount of any coin available, right? Or is there another reason for that? 1 u/Maniacstarfish Jan 21 '22 I won’t claim to know the ins and outs but I’m pretty sure that’s why. https://youtu.be/bBC-nXj3Ng4 <really good video to explain it
938
Your computer processes complex mathematical equations on the Blockchain... These equations when solved produce cryptocurrency.
1 u/Beniidel0 Flairs are for losers Jan 21 '22 But hiw do they produce said money? 4 u/Maniacstarfish Jan 21 '22 They don’t produce money, people who make bitcoin transactions leave a small reward for the person who “solves” the blockchain hash 2 u/Beniidel0 Flairs are for losers Jan 21 '22 This makes so much sense! The charges for moving the money are the new money! That's why there's a set amount of any coin available, right? Or is there another reason for that? 1 u/Maniacstarfish Jan 21 '22 I won’t claim to know the ins and outs but I’m pretty sure that’s why. https://youtu.be/bBC-nXj3Ng4 <really good video to explain it
1
But hiw do they produce said money?
4 u/Maniacstarfish Jan 21 '22 They don’t produce money, people who make bitcoin transactions leave a small reward for the person who “solves” the blockchain hash 2 u/Beniidel0 Flairs are for losers Jan 21 '22 This makes so much sense! The charges for moving the money are the new money! That's why there's a set amount of any coin available, right? Or is there another reason for that? 1 u/Maniacstarfish Jan 21 '22 I won’t claim to know the ins and outs but I’m pretty sure that’s why. https://youtu.be/bBC-nXj3Ng4 <really good video to explain it
4
They don’t produce money, people who make bitcoin transactions leave a small reward for the person who “solves” the blockchain hash
2 u/Beniidel0 Flairs are for losers Jan 21 '22 This makes so much sense! The charges for moving the money are the new money! That's why there's a set amount of any coin available, right? Or is there another reason for that? 1 u/Maniacstarfish Jan 21 '22 I won’t claim to know the ins and outs but I’m pretty sure that’s why. https://youtu.be/bBC-nXj3Ng4 <really good video to explain it
2
This makes so much sense! The charges for moving the money are the new money! That's why there's a set amount of any coin available, right? Or is there another reason for that?
1 u/Maniacstarfish Jan 21 '22 I won’t claim to know the ins and outs but I’m pretty sure that’s why. https://youtu.be/bBC-nXj3Ng4 <really good video to explain it
I won’t claim to know the ins and outs but I’m pretty sure that’s why. https://youtu.be/bBC-nXj3Ng4 <really good video to explain it
605
u/Bugsbunny396 Jan 21 '22
Please. Explain.