Technoglitch
Core Member
It has to do with some thing techy..
News Drinking Rail neer leads to diahorrea
- Thread starter Technoglitch
- Start date
IndianMascot
Core Member
For that we need Mr.Robot 
Technoglitch
Core Member
have you heard of the term BITCOIN?
IndianMascot
Core Member
Yes but never read or tried to understand about it. What is it ?
Technoglitch
Core Member
What makes it different from normal currencies?
Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.
Who prints it?
No one. This currency isn’t physically printed in the shadows by a central bank, unaccountable to the population, and making its own rules. Those banks can simply produce more money to cover the national debt, thus devaluing their currency.
Instead, bitcoin is created digitally, by a community of people that anyone can join. Bitcoins are ‘mined’, using computing power in a distributed network.
This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.
How can I buy bitcoins? - CoinDesk
Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.
Who prints it?
No one. This currency isn’t physically printed in the shadows by a central bank, unaccountable to the population, and making its own rules. Those banks can simply produce more money to cover the national debt, thus devaluing their currency.
Instead, bitcoin is created digitally, by a community of people that anyone can join. Bitcoins are ‘mined’, using computing power in a distributed network.
This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.
How can I buy bitcoins? - CoinDesk
IndianMascot
Core Member
Oh yeah. Now i remember it . There is always this option whenever i go for an international purchase. So, me and you too can have a bitcoin account ?
Technoglitch
Core Member
But in India, it is not available
Why this sudden kolaveri IndianMascot bro
IndianMascot
Core Member
Is bitcoin hackproof ?