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Ha, good answer! But yeah, me neither, Doh!

This article helped a bit with understanding https://www.theverge.com/22654785/blockchain-explained-cryptocurrency-what-is-stake-nft

A russian nuke scientist caught using supercomputer for blockchain mining. Entire power plants' energy dedicated to bitcoin energy needs. https://arstechnica.com/tech-policy/2018/02/russian-nuclear-weapons-engineers-caught-%C2%AD%C2%AD%C2%AD%C2%ADminting-blockchange-with-supercomputer/

Well lol. As I had mentioned previously, my understanding of the benefits of bitcoin was that it was unhackable. Who'da thunk?:|:

nah not even.

A bit coin 'wallet' contains all your bitcoin value and the whole bit coin universe knows how much value is in that and every other bit coin wallet but they don't know who owns any of the wallets so no one knows where the wallet owner lives, either.

That was vintage DMc ;) But how would the natural world help with regard to the OP or regarding post #35?

Dave and Merle, both seem like great and bright guys, but both often tend to give cryptic and limited responses to issues. Perhaps they are of the sentiment "if you don't, can't, or won't figure things out on your own it wont do any good to flat-out tell you the answer"?

Good question. Idk the answer but it must happen, I presume there is an answer for that. But if there is an answer then that suggests a hacker could pose as you to get access to your key # and therefore your wallet. But bitcoin is known as being supposedly hack proof

The ledger, aka blockchain, is kept in thousands or tens of thousands of seperate computers so if yours shits the bed, you've got 10k other computers to confirm what amount of bitcoin you possessed in your bitcoin wallet before your device crashed, so you are in no danger of losing any of your...

There is, Ive read several of them, doh. My understanding is some better but far from clear. Regarding insurance: one of the biggest attributes of bitcoin is decentralization, no single person or entity runs it so there is nobody nor nothing that fees or costs have to be paid to to use it or...

Well I is glad the convo heated up a bit (:P) here, I hope to learn and add more.

Kyle if there is a set, finite amount of bitcoin, that explains why it's worth has sky rocketed but how are billions more people going to use it if there is so little?

Btw, anybody disagree with the notion that computer science is abstruse AF?:/:

Great post Kyle, it added to my understanding. I think blockchain is the mechanicsm by which bit coin operates. Did anyone read the OP link, it tried to explain. Then there is bit coin mining..Duh, um, I think that is critical to the functioning and understanding of bit coin, but I don't...

1 gif saying um, yeah sure, ok, and no replies, well alrighty then, guess we'll have to let the subject develop a bit more over time.

Computer science is, as Joe Rogan might say, some extremely heavy sh*t. Tree forums got me started on the interwebs. I knew very little then about the ins and outs of things Cyber, but the forums (reading and posting) created some literacy. A few years ago there was a college text book on...