Yes it does.
The hash IS the Coin.
You are speaking of a transaction again. Math errors: failure to declare boundary. Failure to declare randX.
Argument from randU fallacy.
Putin brings back gold standard. Was that his plan all along? America is doomed!!
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Argument from randU fallacy.
If the hash is the coin then there could be multiple copies of the coin. As soon as the hash is accepted by the blockchain any other copies become invalid because the next hash required by the blockchain will be different.
The Bitcoin is created by the transaction because the only way the Bitcoin can exist is if the blockchain changes to reflect that Bitcoin. The Bitcoin can not exist without the blockchain since the only way to verify that the bitcoin exists is by accessing the blockchain.
Fallacy fallacy
The fallacy fallacy occurs when a poster, almost always Into the Night, claims a fallacy in order to appear smarter than they actually are.
I know that extracting gold from previously mined activity is not mining
I know that when we mine a bit coin, we increase the supply of bit coin - and the same is true of gold
I know you are a moron
Not likely.
There is no 'next hash required'. The blockchain has no sequence in hashes.
Fine. Have it your way. There is obviously no educating you on the difference between a Coin and a transaction.
At about three cents an ounce, gasoline looks like a bargain next to gold.
Gold zoomed past $2,000 an ounce on Tuesday.
Inflation here, and war involving a country responsible for mining so many precious metals over there, makes all the bad news good news for holders of precious metals, particularly palladium. It reached $3,169 an ounce today..
Gold zoomed past $2,000 an ounce on Tuesday.
Inflation here, and war involving a country responsible for mining so many precious metals over there, makes all the bad news good news for holders of precious metals, particularly palladium. It reached $3,169 an ounce today..
It is.
True. So?
Insult fallacy. Semantics fallacies. No argument presented.
Never said it did. Contextomy fallacy. Semantics fallacies. Insult fallacy. No argument presented.
They don't trade in dollars already. What's the diff? Neither Visa nor Mastercard are dollars.
shit stain has to lie to get out from his retarded posts
typically shit stain behavior
and yes you did. I said mining increases the supply - you said it creates a coin.
so how does mining gold create a coin you fucktard?
ROFLMAO. I guess you should tell Satoshi Nakamoto that he is wrong when he says this in the paper he wrote explaining how Bitcoin works:
We define an electronic coin as a chain of digital signatures.
...
By convention, the first transaction in a block is a special transaction that starts a new coin owned
by the creator of the block.
The coin can't exist without the transaction because the only way to verify the coin is through verification on the peer to peer system.
The block has no sequence of hashes?
Once again, let's let Satoshi Nakamoto explain it:
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work.
True, but the world standard still seems to be the US dollar. Maybe not so much what it is, but what perceptions are, and Vise and Mastercard are US companies.. Exposing that many people to think otherwise and with China pushing very hard to topple our throne with their currency I think the point above makes one question.
Monad Portal
Was it me?
are bitcoin fdic insured?
RQAA. Insult fallacies. No argument presented.
That would be YOUR problem. Inversion fallacy (again).
Renowned Investor Jim Rogers Sees the End of the US Dollar — Says 'Washington Does Not Play Fair Anymore'
"Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says that “what is happening with the U.S. dollar now is the end of the U.S. dollar.” He explained that “an international currency is supposed to be neutral but in Washington, they are now changing the rules,” emphasizing, “Washington does not play fair anymore.”
"Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says that “what is happening with the U.S. dollar now is the end of the U.S. dollar.” He explained that “an international currency is supposed to be neutral but in Washington, they are now changing the rules,” emphasizing, “Washington does not play fair anymore.”
retarded schtick fallacy
so fucktard - how does mining gold create a coin?