bitcoin , dirty coal powered

[Kenny]

"Every ten minutes or so mining computers collect a few hundred pending bitcointransactions (a “block”) and turn them into a mathematical puzzle. ... The miner who found the solution gets 25 bitcoins as a reward, but only after another 99 blocks have been added to the ledger."



[*]Purchase custom mining hardware. When Bitcoin first started, it was possible to mine using only your desktop's CPU and GPU. ...

[*]Obtain a bitcoin wallet. ...

[*]Secure your wallet. ...

[*]Decide between joining a pool or going alone. ...

[*]Download a mining program. ...

[*]Run your miner. ...

[*]Keep an eye on temperatures. ...

[*]Check your profitability.

So, ignoring the unspendable genesis block, the sundry lost coins and unclaimed rewards, the maximum number of bitcoins is 20999999.9769 BTC. Of course, it only differs from 21 million BTC by only 3 bitcents, so the difference isn't significant.



my question is who is watching over this entire system to make sure there is NO cheating at any of the potential myriad of weak links ?



that is the most ridiculous foundation for a monetary system i ever heard

and some think this is 'secure' and a good alternative to fiat banking

only a shit for brains would trust crypto currency , LOL

i understand if someone just does it for gambling fun , but this whole system should be extinguished it is far less safer even fair than fiat banking