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Bitcoin surging
#8260407
11/12/24 12:52 PM
11/12/24 12:52 PM
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Joined: Mar 2020
Posts: 8,444 W NY
Turtledale
OP
trapper
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OP
trapper
Joined: Mar 2020
Posts: 8,444
W NY
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Trump is 100% behind crypto currency
I know nothing about this just saw it on the noon news
NYSTA, NTA, FTA, life member Erie county trappers assn.,life member Catt.county trappers
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Re: Bitcoin surging
[Re: Turtledale]
#8260419
11/12/24 01:07 PM
11/12/24 01:07 PM
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Joined: Dec 2006
Posts: 12,131 NWWA/AZ
Vinke
trapper
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trapper
Joined: Dec 2006
Posts: 12,131
NWWA/AZ
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I don’t like it….. Mining a computer? Makes no sense to me. Foreign governments and others doing illegal stuff . IMHO
Ant Man/ Marty 2028 Vinke/ Coonman for press Secretary��..
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Re: Bitcoin surging
[Re: SNIPERBBB]
#8260454
11/12/24 02:23 PM
11/12/24 02:23 PM
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Joined: Dec 2006
Posts: 12,131 NWWA/AZ
Vinke
trapper
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trapper
Joined: Dec 2006
Posts: 12,131
NWWA/AZ
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Check out the Bitcoin thread below Probably too much to read? Clift notes please,,,
Ant Man/ Marty 2028 Vinke/ Coonman for press Secretary��..
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Re: Bitcoin surging
[Re: Turtledale]
#8260466
11/12/24 02:42 PM
11/12/24 02:42 PM
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Joined: Dec 2006
Posts: 18,720 Rodney,Ohio
SNIPERBBB
trapper
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trapper
Joined: Dec 2006
Posts: 18,720
Rodney,Ohio
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Fundamentally, the purpose of Bitcoin is developing computer technology for enabling multiple parties to send payments online directly to each other (“peer-to-peer cash system”) without requiring a financial institution such as a bank. First and foremost it goes without saying that the underlying system for such transactions would need to meet a number of security requirements.
Basically The Bitcoin Network is a ultra secure payment processor. Miners are doing the processing of the transactions on the network and they get rewarded with Bitcoin. How miners make money is by using energy that is free or extremely cheap, natural gas wastage is the biggest source .Trump is now friendly to it and a lot of exuberance in the market overall driving the price
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Re: Bitcoin surging
[Re: Turtledale]
#8260586
11/12/24 05:41 PM
11/12/24 05:41 PM
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Joined: May 2010
Posts: 10,971 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,971
MN
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If you believe government figures cash has lost 20 to 25 percent of its value in the last 4 years.
"Gold is money, everything else is just credit" JP Morgan
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Re: Bitcoin surging
[Re: Steven 49er]
#8260606
11/12/24 06:13 PM
11/12/24 06:13 PM
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Joined: Dec 2006
Posts: 18,720 Rodney,Ohio
SNIPERBBB
trapper
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trapper
Joined: Dec 2006
Posts: 18,720
Rodney,Ohio
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If you believe government figures cash has lost 20 to 25 percent of its value in the last 4 years.
inflation is a tax on savings.
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