DanielPatrick
Member
Lately, I've became interested in Bitcoins. Has anyone used them? It seemed that a guy under the name 'Satoshi Nakamoto' created them and released the source code under a Cryptography mailing list back in 2009. I'm curious about how it works and about a new trend called 'Mining Bitcoins'.
But, I still can't understand exactly how can someone just invent money? For example, you can have your own PayPal account and have money in there but what the heck is Bitcoins? I read that these coins are unique and form what's called a 'Block-Chain' but don't have a good understanding what exactly this really is. Can someone shed some more light on this and explain in simple terms how it works and how can coins could be programmed?
But, I still can't understand exactly how can someone just invent money? For example, you can have your own PayPal account and have money in there but what the heck is Bitcoins? I read that these coins are unique and form what's called a 'Block-Chain' but don't have a good understanding what exactly this really is. Can someone shed some more light on this and explain in simple terms how it works and how can coins could be programmed?