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Author Topic: how does it bitcoin work?  (Read 4024 times)
barneystinkcoin (OP)
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September 03, 2014, 08:13:19 AM
 #1

What can  bitcoin do? How do you make itbecome a money making machine?
jackjack
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September 03, 2014, 08:15:54 AM
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How do you make itbecome a money making machine?
Bitcoin is money

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
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Nagato4
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September 03, 2014, 08:16:49 AM
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What can  bitcoin do? How do you make itbecome a money making machine?

Bitcoin is not a money making machine nor a get rich fast scheme.

You can take some time reading https://en.bitcoin.it/wiki/FAQ and http://www.coindesk.com/information/ to understand what bitcoin is.

oceans
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September 03, 2014, 12:11:16 PM
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I really can never understand why people seem to think you can become a millionaire over night with bitcoin. Bitcoin is something you have to work hard at to become rich with and that takes a lot of time. Bitcoin is definitely not a money making machine like some do like to call it. If you are looking to get rich fast then bitcoin is probably not your best option.
Whitehouse
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September 03, 2014, 12:27:34 PM
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How do you make itbecome a money making machine?
Bitcoin is money

Lol. I'm starting to think op is just a troll looking at his other threads and name. Either way looks like op is in bitcoin for all the wrong reasons.

Muhammed Zakir
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September 03, 2014, 12:42:04 PM
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I really can never understand why people seem to think you can become a millionaire over night with bitcoin. Bitcoin is something you have to work hard at to become rich with and that takes a lot of time. Bitcoin is definitely not a money making machine like some do like to call it. If you are looking to get rich fast then bitcoin is probably not your best option.

Most of the new-comers think like that. Bitcoin is money. Like fiat currency, you will have to work hard. If you are thinking to become a rich person, then a fair warning : There are many scams. Don't ever invest in it before identifying it. Roll Eyes

  ~~MZ~~

coory
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September 03, 2014, 12:43:07 PM
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bitcoin is money each 1 btc = 500 to 600$
whitemage
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September 03, 2014, 12:55:00 PM
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What can  bitcoin do? How do you make itbecome a money making machine?

I assume you are asking about mining machine. Actually those mining machine isn't profitable so its sucking money machine.

catlinhappy
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September 03, 2014, 03:49:01 PM
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There are lots of search engines that can debrief you on what Bitcoin is like this forum or letstalkbitcoin network or podcast and radio.

counter
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September 03, 2014, 06:42:35 PM
 #10

It works like gold because it is mined by computers, the mining cost money which gives the whole ecosystem value.  It's a system of checks and balances that allows the user to not have a middle man or third party involved to moderate a transaction between to or more parties.  A system of based on trust and not debt in order to work.
jackpotjoe
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September 04, 2014, 03:07:40 AM
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It slowly crawls in your head and then it becomes who you are. Smiley
chanz
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September 04, 2014, 03:35:25 AM
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Read these two Guides, they both will answer all your question hopefully.
http://www.coindesk.com/information/
https://multibit.org/faq.html

My BTC address : 1KfS1c14Tg2hgQEVz2bCJeFox6FpyYFvM6
magic ice
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September 04, 2014, 06:15:44 AM
 #13

How do you make itbecome a money making machine?
Bitcoin is money

Is it acceptable if I say, Bitcoin is internet money?
zinger
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September 04, 2014, 10:03:32 AM
 #14

How do you make itbecome a money making machine?
Bitcoin is money

Is it acceptable if I say, Bitcoin is internet money?

Yeah, can you use bitcoin without the net?
Buziss
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September 04, 2014, 11:51:18 AM
 #15

How do you make itbecome a money making machine?
Bitcoin is money

Is it acceptable if I say, Bitcoin is internet money?

Yeah, can you use bitcoin without the net?

Nope, you need electricity and internet connection, to broadcast your transaction.

mancala
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September 04, 2014, 12:40:58 PM
 #16

How do you make itbecome a money making machine?
Bitcoin is money

Is it acceptable if I say, Bitcoin is internet money?

Yeah, can you use bitcoin without the net?

Nope, you need electricity and internet connection, to broadcast your transaction.

Then is it correct to say that it is an internet money?
landonbridge
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September 04, 2014, 12:49:20 PM
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How do you make itbecome a money making machine?
Bitcoin is money

Bitcoin is "somewhat" like money
Buziss
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September 04, 2014, 12:55:40 PM
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How do you make itbecome a money making machine?
Bitcoin is money

Bitcoin is "somewhat" like money

It is arguable. Many bitcoiners consider it as a currency, while major governments consider it as an asset.

tinkersay
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September 04, 2014, 01:01:51 PM
 #19

How do you make itbecome a money making machine?
Bitcoin is money

Bitcoin is "somewhat" like money

It is arguable. Many bitcoiners consider it as a currency, while major governments consider it as an asset.
How do you make itbecome a money making machine?
Bitcoin is money

So its all positive then. One a new currency and the other as an asset.

Is it acceptable if I say, Bitcoin is internet money?

Yeah, can you use bitcoin without the net?

Nope, you need electricity and internet connection, to broadcast your transaction.
lamaze
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September 04, 2014, 01:08:22 PM
 #20

You might as well read something about it
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