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Topic	I still don't really understand what bitcoin is
ThatHappySack 10/22/17 11:13:43 PM #11:	To the best of my knowledge, Bitcoins have a unique identification that either needs a unique password or something like that to claim ownership of it for someone to have access to it. Mining works by using complex algorithms to seek out unclaimed Bitcoins for the user to then take ownership of it (obviously if it's already claimed then it's ignored), once you have it then no one can ever take it away from you barring hacking or other illegal things (which seems ironic given their main use), the process takes a very long time though (hence why you need a lot of stuff to do it) so don't think a regular desktop can make you easy money. --- Cool Story Bro http://i.imgur.com/V91MzY3.gifv <cite>ThatHappySack posted [p:888950811] in I still do... [t:75908942]...</cite> <quote>To the best of my knowledge, Bitcoins have a unique identification that either needs a unique password or something like that to claim ownership of it for someone to have access to it. Mining works by using complex algorithms to seek out unclaimed Bitcoins for the user to then take ownership of it (obviously if it's already claimed then it's ignored), once you have it then no one can ever take it away from you barring hacking or other illegal things (which seems ironic given their main use), the process takes a very long time though (hence why you need a lot of stuff to do it) so don't think a regular desktop can make you easy money. --- Cool Story Bro http://i.imgur.com/V91MzY3.gifv</quote> ... Copied to Clipboard!
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