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surfered

(15,469 posts)

15. 😁

Reply to dweller (Reply #10)

Mon Jul 6, 2026, 12:09 PM

Jul 6

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Explain cryptocurrency to me like I am from another planet. [View all] milestogo Jul 6 OP

The dealer tricks the mark into betting money Torchlight Jul 6 #1

So its a grift? milestogo Jul 6 #2

yep. rampartd Jul 6 #11

If you were from another planet flvegan Jul 6 #3

😍 milestogo Jul 6 #4

Wish I could rec more than once. So good. Prairie_Seagull Jul 6 #34

think of a casino chip that's in the form of a piece of software. legallyblondeNYC Jul 6 #5

That's after the creation of the cryptocurrency. House of Roberts Jul 6 #7

not nothing rampartd Jul 6 #12

good questions legallyblondeNYC Jul 6 #20

I simplify that to magic numbers. hunter Jul 6 #14

ghotI' pegh dweller Jul 6 #6

Is that Klingon? surfered Jul 6 #9

AI KLINGON dweller Jul 6 #10

😁 surfered Jul 6 #15

I LOVE this explanation by John Oliver (2018) vapor2 Jul 6 #8

An easy way for crooks to launder money gab13by13 Jul 6 #13

Not correct, most crypto is easier to trace than cash JCMach1 Jul 6 #17

Can you provide a link to an accurate, unbiased, easy to understand explanation? RandomNumbers Jul 6 #27

It is pretty complicated, I know what I do know JCMach1 Jul 6 #33

If you're looking for an asshole to abduct and probe, follow the meme coins struggle4progress Jul 6 #16

Crypto explained in 24 seconds. ImNotGod Jul 6 #18

It could have been dog shit. milestogo Jul 6 #21

Lol BlueWaveNeverEnd Jul 6 #22

I don't do tweets, embedded or otherwise. hunter Jul 6 #24

Get a history book about "tulip mania of the multigraincracker Jul 6 #19

Currency not attached to a country or institution. Value is whatever someone will pay for it BlueWaveNeverEnd Jul 6 #23

It's like owning shares in a company that doesn't make anything. Fichefinder Jul 6 #25

That's exactly right. David__77 Jul 6 #26

There's a cryptocurrency cookbook for you extraterrestrials. usonian Jul 6 #28

The thing is, after about a decade of existence it still appears worthless as a legitimate currency. Tommy Carcetti Jul 6 #29

This story from the new Yorker might help Deminpenn Jul 6 #30

It's a tax dodge and laundering, funded by a get rick quick scheme. OC375 Jul 6 #31

All it is doing is creating a unit of the crypto. Jacson6 Jul 6 #32