Thread: Bitcoin explained by a three year-old girl

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  1. #1 Bitcoin explained by a three year-old girl 
    Senior Member Karim D. Ghantous's Avatar
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  2. #2  
    Senior Member Jacek Zakowicz's Avatar
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    I guess it's great for 3 year olds to play with, congrats. And everyone that feels like a 3year old... how fun!!!!! Daisies and unicorns... oh wait...
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  3. #3  
    Not sure that 3yo girl knows what the word "decentralised" means :) but still a funny video :) About BTC. Its price is faltering again. There are lots of scenarios where we will go. Your opinion?
    Last edited by Thomas Bratuate; 05-02-2021 at 06:01 AM.
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  4. #4  
    Senior Member Michael Hastings's Avatar
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    I understand how blockchain works and can see a. lot of value for other things beyond money.

    Other than the tulip mania investment potential which is sketchy and the idea that it can't be manipulated like the fed can here, but what are the advantages of Bitcoin for people that just want to do legitimate legal transactions? Seems like it is much easier to lose (lost password), be hacked or stolen with virtually no recourse.
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  5. #5  
    Senior Member Jacek Zakowicz's Avatar
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    It looks like the USD is heading for a cliff, pretty quickly as the government and fed has accelerated the money generating pace. In the mean time they will collect he wealth accumulated by the middle class, eliminate the tax evading cash currency, and eliminate our $28000000000000 debt accumulated by this fiscal policy going on for decades. There is really no down side to the government in that. The Coinbase going public is a pretty obvious proof of what is coming next. Whoever thinks that
    this is or ever had been "off the grid" non bank or govenment controlled currency alternative should be dis-delusionned now. Now we see what was the plan from the beginning unfolding. Time to get popcorn- the crypto kind ;-)
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  6. #6  
    Senior Member Michael Hastings's Avatar
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    $28000000000000

    that's a lot of zeros isn't it? Kinda makes you think a little more than just saying 28 trillion.

    Regardless of whatever the CPI says, we are in for some significant inflation. (My three year old granddaughter got $5 from the tooth fairy - in the sixties we got a quarter - maybe that's the true indicator of inflation )
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