(Topic ID: 200502)

Somebody explain Bitcoin to me

By Pinballlew

6 years ago


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  • 1,905 posts
  • 176 Pinsiders participating
  • Latest reply 3 years ago by toyotaboy
  • Topic is favorited by 34 Pinsiders

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    #589 6 years ago

    We should all come up with our own coin, Pincoin. Built into the latest pins each new high score generates a QR code that when scanned grants 1 Pincoin for a high score and 2 Pincoins for a grand champion score. There will only be 21 million possible Pincoins, just like Bitcoin.

    Games would need to be on a network together for "mining" (playing) and high scores would need to be regularly beat to generate more Pincoins.

    A new glass on detection system and required video surveillance for verification is required for every game on the Pincoin network.

    ****

    Here's another one, BeefCoin. Supporting super markets provide a unique code for every pound of beef purchased. Buy 2 lbs of ground beef? You get 1 BeefCoin. Buy 24oz of fillet mignon? You get 10 BeefCoins!

    Lol

    #593 6 years ago
    Quoted from Astropin:

    Not sure what your point is? If it's that there are a lot of "shit coins" out there, then yes there are... so what?

    Just messing around. I can't believe Bitcoin reached $15k let alone $16k.

    Update: wow, now nearing $18k?! It was $15k a couple hours ago.

    #597 6 years ago

    Wow, this is insane.

    1 month later
    #1431 6 years ago

    I think another contributing factor with the price decline is that new Bitcoins cost a lot in energy to mine, more then ever.

    At some point with prices dropping, and maybe we are already there, it's going to cost more in power to mine a single Bitcoin then what what one is worth.

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