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Title: Best analogy yet about how crypto works Post by: mymenace on September 03, 2014, 08:31:17 PM If ever you were to explain in layman terms what crypto is, this gem is great Quote " https://cryptocrypt.org/index.php?topic=5131.0 Bitcoin is an unregulated digital currency that provides a way for people to track, store and send payments over the Internet. Uncontrolled by any central bank or government, the global supply of bitcoin is generated — or "mined" — by a network of private computers around the world. People purchase bitcoin and manage their accounts in privately run online exchanges. " |