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Post By
JS

Member Since: Thu Oct 29, 2009
In Reply To
atrimus

Location: Saint Louis, MO
Member Since: Sat May 17, 2008
Posts: 2,489
Subj: Re: A request
Posted: Sun Jan 02, 2022 at 04:26:32 pm CST (Viewed 253 times)
Reply Subj: A request
Posted: Sun Jan 02, 2022 at 01:08:04 pm CST (Viewed 246 times)

Previous Post

In layman’s terms, what is cryptocurrency? Is there a trustworthy site that explains what it is?

Basically, it’s imaginary money that only exists as computer data on the Internet. It’s not backed by anything or regulated by any government, so it’s not actually worth anything, except people think it is, so it’s treated like it is. It uses blockchain technology to track transactions online, so you can buy some and trade or sell it to other people.