Topic: STFU. Stop telling newcomers about mining. DON'T. - page 3. (Read 4896 times)
well. in all seriousness.
the question of "how are they made?"
will always come up....
It's definitely best to introduce Bitcoin from an economics standpoint, rather than SHA256d hashing.
DON'T TELL ME WHAT TO DO, BRO!
"Hey, have you heard of bitcoins?"
"What's bitcoins?"
"Oh it's a digital currency where you mine for them with your computer or graphics card or ASIC."
"How do you mine them?"
"You change a nonce to make the hash of the block have a certain amount of leading zeros as per the difficulty."
"Cool.. Have you seen that video on youtube?"
--- vs ---
"Hey, have you heard of bitcoins?"
"What's bitcoins?"
"Oh it's a digital currency, basically cash but decentralized."
"So what exactly is a bitcoin?"
"It's just a stream of bits that are cryptographically encrypted. You can transfer the bitcoins to people in exchange for goods and services, just like cash."
"So can't I just copy the bits and make more bitcoins?"
"No, because once you spend the bits, you can't spend them again since there is a history called the blockchain!"
"What's the point of bitcoins through?"
"They can be used by anyone in the world, there's low fees, and it's designed to not inflate! So you're expected to get richer holding bitcoins, instead of losing money."
"Sounds interesting, how do I get bitcoins?"
"Here, have a bitcoin! Merry christmas!"
"What's bitcoins?"
"Oh it's a digital currency where you mine for them with your computer or graphics card or ASIC."
"How do you mine them?"
"You change a nonce to make the hash of the block have a certain amount of leading zeros as per the difficulty."
"Cool.. Have you seen that video on youtube?"
--- vs ---
"Hey, have you heard of bitcoins?"
"What's bitcoins?"
"Oh it's a digital currency, basically cash but decentralized."
"So what exactly is a bitcoin?"
"It's just a stream of bits that are cryptographically encrypted. You can transfer the bitcoins to people in exchange for goods and services, just like cash."
"So can't I just copy the bits and make more bitcoins?"
"No, because once you spend the bits, you can't spend them again since there is a history called the blockchain!"
"What's the point of bitcoins through?"
"They can be used by anyone in the world, there's low fees, and it's designed to not inflate! So you're expected to get richer holding bitcoins, instead of losing money."
"Sounds interesting, how do I get bitcoins?"
"Here, have a bitcoin! Merry christmas!"
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