RE: I joined the lemmings today | Utefans.Net
Utefans.Net - Uniting the Fans Since 1998
Mobile - Home - Message Board - Best Stuff - Game Schedule - Photo Gallery - Quotable - Join!

RE: I joined the lemmings today

Posted By: SaltyBacon
Date: Wednesday, December 6, 2017 at 08:07 pm

Sorry, let me rephrase that. Easy, if you know the basics of hacking. It wouldn't be easy for an idiot shlub like myself. There have been a number of "hiests" in the last few years. Mt Gox was a big one. Some people set hiup fake dark web sites fronting as drug markets and then just take your coins that way. Some hackers have hacked into virtual wallet sites and stolen them. Or, if you just keep them in a folder on your computer people can steal them from there.

Mining bit coins works by running algorithms on your computer, if you find the answer your reward is Bitcoin. Once those algorithms dry up so do the bit coins. It's pretty sophisticated and down right ingenious. I too am fasinated by it. I attend payment conferences every year for work, riviting I know, and always find the best sessions are the ones dealing with crypto currency, virtual currency like Bitcoin and the dark web. Crazy crazy stuff.

Here is a pretty good link explaining how to mine bitcoin.

Hopefully that worked.

In full disclosure, I work in the payment industry. So Bitcoin is technically a competitor. No one in the industry takes Bitcoin all that serious at the moment. Now, if that is a message, time will tell. Hell with how things are going in the world Bitcoin could be the next big thing. But until they are more widely accepted for everyday things I just don't see it. I for one wouldn't mind throwing 1/8th of a Bitcoin on some ladies at the Spearmint Rhino.

<<Ignore SaltyBacon ] [PritnerPrint This Message ] >>

Messages In This Thread


o NEW: I joined the lemmings today
EighthDay - -- Wednesday 6 December 2017, at 09:19 am [ID# 1895258] [reply]
o NEW: I'll admit, I don't get bitcoin.
UteBrave - -- Wednesday 6 December 2017, at 09:55 am [ID# 1895265] [reply]
(2)
o NEW: I don' t know about dollar proof
EighthDay - -- Wednesday 6 December 2017, at 10:25 am [ID# 1895267] [reply]
(1)
o NEW: RE: I joined the lemmings today
SaltyBacon - -- Wednesday 6 December 2017, at 04:40 pm [ID# 1895296] [reply]
(1)
Riot West icon NEW: How do you steal Bitcoin? A "friend" wants to know this easy way to do so...
Riot West - -- Wednesday 6 December 2017, at 05:24 pm [ID# 1895303] [reply]
(1)
Zeous icon NEW: I don't think the finite part matters, because unlike existing fiat currencies, it is fungible (divisible) to some ungodly degree.
Zeous - -- Wednesday 6 December 2017, at 08:24 pm [ID# 1895317] [reply]
(1)
o NEW: RE: I joined the lemmings today
Utebeam - -- Wednesday 6 December 2017, at 07:20 pm [ID# 1895309] [reply]
(2)
o NEW: RE: I joined the lemmings today
SaltyBacon - -- Wednesday 6 December 2017, at 08:07 pm [ID# 1895315] [reply]
(1)
ntwrk icon NEW: RE: I joined the lemmings today
ntwrk - -- Wednesday 6 December 2017, at 08:11 pm [ID# 1895316] [reply]
(1)
o NEW: RE: I joined the lemmings today
SaltyBacon - -- Wednesday 6 December 2017, at 10:26 pm [ID# 1895331] [reply]
<< Previous Home Next >>
Prev Index Next
Log in!
Username or email
Password
Remember me

Forgot your password?

> Become a Member...

Business Directory
-->

DISCLAIMER: UteFans.Net is not affiliated with the University of Utah, except that the owner, operators and contributing members are students, alumni, and rabid fans of the U. Additionally, the owner and operators of Utefans.Net are not responsible for the actions of those who use this public forum. By contributing to this forum you agree to abide by the Rules of Conduct outlined on the Post Message page.

Forum - Boardmail - Profile - Schedule - Events - Photos - Archive - Quotable - Join!
Home | About Us | Terms of Use | Privacy Policy | News | Contact Us

Copyright (C) 1998-2018 Utefans LC. All rights reserved. Partner of USA TODAY Sports Digital Properties.