Forwarded from And Hax
Once on the blockchain, Bitcoins can be traded for goods and services or even for other currencies. And because no one except the hacker knows the password, it is totally anonymous.Forwarded from And Hax
To own Bitcoin you have to pay a hacker to crack a password. The more demand for Bitcoin, the more the hackers will charge per hour. This is how Bitcoin's price changes with supply and demand.Forwarded from And Hax
But as Bitcoin's price rose, people became aware of the environmental cost of producing millions of graphics cards. This is because whenever you give a hacker money he will upgrade his graphics card.Forwarded from And Hax
Here's where the story gets more complicated. And it's the story the MSM won't tell you.Forwarded from And Hax
Bitcoin's success has led to the launch of many other "crypto currencies". One is called Tether, which is like Bitcoin except it is backed by US dollars rather than web traffic.Forwarded from And Hax
Tether is controlled by a man from Ukraine called Dimitri Bolgakov, who is a hacker. He uses the dollars that are put on the Tether blockchain to buy Bitcoin, which involves paying himself to hack the passwords.Forwarded from And Hax
Bolgakov then uses the Bitcoin he has hacked to buy Tether, which generates the dollars needed for him to hack more Bitcoin. (This is all detailed in the Tether white paper.)Forwarded from And Hax
You will have seen the recent plunge in the price of Bitcoin. This was triggered by Bolgakov last week upgrading to an NVidia GeForce® GTX 1080 Ti, which can play Quake III in max resolution at 60fps with all the lighting and textures enabled.Forwarded from And Hax
Since last week, Bolgakov has been playing Quake III and not buying any Bitcoin.Forwarded from And Hax
As of this moment, Bitcoin's biggest investors are gathering in Quake III's Dungeon Zone to try and kill Bolgakov. However, environmentalists are also corralling there with the intention of protecting Bolgakov and suppressing demand for graphics cards.Forwarded from And Hax
So far, Bolgakov's superior GPU has given him a speed advantage over all other players. But there is still one challenger who can take him down.Forwarded from And Hax
The Bitcoin community awaits the return of Satoshi Nakamoto.LPT: Glue a tiny mirror over the picture of you on your driver's license so when you hand it to the police, they get confused and arrest themselves instead.