Talking media heads frustrate me because they regurgitate information they don’t understand. They’re like bad salesmen, but with oversized influence.
I’ve been playing with Bitcoin now, just trying to understand all the fuss. I remember the early internet and the first Mozilla browser, the technology was captivating and the idea simple enough. There are some similarities here. HTML (the internet) wasn’t a threat at the time, for example, to small bookstores.
If I’m going to criticize or advocate this thing, I’d like to understand how it works. So I installed my wallet and a miner.
When early HTML was making the rounds you played with it, came up with crafty uses for ‘refresh’, animating an image or loading other unique data. This miner I installed works with a server and a bunch of other miners to ‘discover’ Bitcoins, then the proceeds are distributed amongst the miners. Simple enough, creative enough… I get it.