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AARP definition of Bitcoin.Cartoon about Bitcoin, patient and doctor, doctor says:“Insomnia eh? Have you tried listening to a guy try to explain Bitcoin?”

bitcoin is something that does not actually exist, what does exist is a 2-bits coin, AKA a quarter, worth 25¢.



From via Ben Werdmüller

[@patio11] Bitcoin is a single C++ codebase, Bitcoin core, not a protocol that anyone can independently interoperate with. It's IE6, not HTTP.

Numerous unresolvable scaling issues




Casual mention of Bitcoin on social media bring out the spam bots in force

Mining Wastes Electricity At Loss

Quotes from tweeted:

"$609 spent on electricity per Bitcoin mined. Bitcoin is currently trading at $376/BTC"
So, according to those numbers, unless using renewable energy, cheaper electricity, or Bitcoin trading goes north of $610 USB/BTC mining for Bitcoin is a net loss. This comes at the expense of 1.3 million pounds of CO2 released into the atmosphere every hour.
"I would argue that Bitcoin is the worst idea to come out of Computer Science in the history of mankind."

Enables ransomware

Difficult to Sell

Insecure Wallet Services

See Also