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Topic: Best analogy yet about how crypto works (Read 1944 times)

legendary
Activity: 1596
Merit: 1061
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September 03, 2014, 03:31:17 PM
#1

If ever you were to explain in layman terms what crypto is, this gem is great


Quote
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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.
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