>>16436238 PB
>>16435950 PB
>why dont we shoot them? Shooting them will make them stop coming.
Cause all life is precious anon. Especially hew man life.
Each of our lives is merely a brushstroke and we are not yet able to see the entire composition that we earthlings attending earth school are all a part of.
Bitcoin is a algorithmic protocol released into the wild(cyberspace/internet)
Once this occurred it is free to live forever so long as there are miners mining it and people with wallets making use of the network by transacting.
Those transactions are contain within the blockchain ledger and blocks are released on averaged every 10-20 minutes.
Miners are attempting to discover those blocks by hashing at unimaginable speeds.
When they find one that miners pool is awarded the coins contained within that block.
The majority of the coins(21million) have been found and most were mined by miners using GPU’s aka graphics cards(AMD)
The majority of people who had access to high end graphics cards back when they originally were ported to be able to mine bitcoin were gamers.
So to answer your question the individuals who made out or hold the majority of those bitcoins are gamers and also others young nerds all around the world but most of which are American.
Every time there is a dip the big boys are buying in and due to its volatility it is every day traders dream.
Not familiar with XBT or the other paper assets mentioned in the article but BTC is bitcoin.
There will only be 21million coins created by bitcoins protocol. 19million have already been mined and no bank or banks hold the majority of those coins.
Nor do they possess the vast amount mining power that makes up the network.
There is no central authority to go after or to shutdown. Exchanges can be closed but another or five others can be opened to replace one.
They are not required however to transfer coins in a transaction.
Big changes cannot occur without controlling the hashing power to fork the protocol. Small changes get adopted by minors by majority rule.
Forking would take 51% of the total networks hashing speeds to accomplish. That will never happen.
That is one major thing that makes bitcoin the most secure. It can never be taken over by a 51% attack.
Wrap your mind around the protocol and how it works. It truly is revolutionary and blockchain technology will be utilized in ways we are not yet able to foresee.
One way we may see soon is in securing our elections.
When the dust from this current environment settles many banks will no longer be standing. Others will be forced to evolve.
Nothing short of a world wide EMPs from solar flares knocking out electrical grids world wide will be able to touch cryptos.
The banks see the writing on the wall. Not if but when