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The TOP bitcoin Question Answered....

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Uploaded by on May 9, 2011

Question"
youre still creating wealth out of nothing. What seperates you from bernake?

Answer
Bernanke can create money without limit!

Category:

Education

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Standard YouTube License

  • likes, 45 dislikes

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Uploader Comments (davincij15)

  • So if there's a limit of 12Mil over 200 years, the amount of bitcoins produced by one person today simply depends on the number of people producing bitcoins. The more bitcoin miners are out there, the less the bitcoins each one gets for their mining operation. Has anyone figured out the math behind when it'll become unprofitable to operate a bitcoin mine? Hmmm.... gold is sounding a lot better than bitcoins right now!!!

  • @ChristianLanctot

    Gold will always be a lot better than bitcoins... IT"S MONEY! Bitcoins will out preform gold because bitcoins is more portable than gold.

    With that said I still am 90% into silver and 5% into gold and 5% into bitcoins. I'm thinking of going all in as only inventions people need or want produces wealth, gold and silver store it, this is a comprehension you have not grasped.

    We are in a depression with it, there are BIGGER opportunities for those that CAN spot them.

  • I'm looking up everything and not finding a good answer for the info I'm wanting..

    A BITCOIN=???

    what exactly are you mining and looking for? and then you are selling off or trading that correct?

    everybody keeps talking about bitcoins but what makes them have value? you just make bitcoins out of nowhere?

  • @soulrisk1010

    What makes a record of your dollars in a bank account valuable?

    Someone else needs it to pay debt with it.

    What makes a record of bitcoin valuable?

    We need an electronic payment system that can not be debased.

    Why should I use a bitcoin that people mine?

    Mining is more than just finding bitcoin it's supporting the network and validating transactions and speeding them up. Thus minors are paid bitcoins to keep the system strong and healthy.

Top Comments

  • Final note on Bitcoins... You are minning an untangable. Think about that! It is just like accumulating platnuim in Ever Quest then selling it for dollars to some poor schmuck online to buy what ever you want. Again it is even less tangible then paper money. It will only work as long as people believe it has value and this is the sole reason your promoting it. You have been sucked into a digital reality that doesn't really exist. People are loosing respect for you because of this.

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All Comments (123)

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  • your cousin = hawt!

  • lol people hate on bitcoin and then they go use their credit card or shitty paypal.

  • beautiful video

  • @8real I've been studying this for only a few hours and my understanding is that because of the fact its hard to create the blocks and the fact that the blocks are integral to the security of the system.. the VALUE in finding blocks lies in the security to the system that they provide... takes ALOt of computers to find a block in reasonable time but only 1 Ben bernanke and 1 second to make a trillion dollars

  • Hey Pls Donate us some Coins and become more Coins back from oure Donatesystem :) just like 0.5 Coins and become even more back.

    Donate Bitcoins : 12xHtBtBnKhsVBAQR9bqYbD8MQ5ozb­fjs7

  • @gete55 Have you seen how much the value has rocketed lately? Even if it eventually doesn't work, there was still a hell of money to be made trading them right now.

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