/ancap/ - Anarcho Capitalism

Currently the only 1 I have is litecoin. I'm currently mining some litecoins with an online litecoin mining service. I plan on getting into bitcoin some time later.

How does crypto work? I've been interested in it but I don't really know why you need a graphics card... Is it even worth it to get into it now?

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 >>/10/
U need a program 2 "mine" bitcoins. Basically, ur computer waits 4 some1 2 do a bitcoin transaction, then, it needs 2 do this extremely long math equation. If ur computer does the math equation b4 any1 else, u get rewarded with a bitcoin. The bigger the graphics card, the bigger are ur chances 4 ur computer 2 do the math equation b4 any1 else. That's the basic way 2 explain it. If u don't have a good computer, what some ppl do is buy bitcoins with money, wait 4 the value 2 rise up and then sell them. Of course, this was a bad idea, as the price kept going up and down and caused the pink wojak's from 4/biz/ 2 happen. Alternatively, u could also use a "bitcoin mining service". Basically, u buy a plan, and for 1 year, u get 2 use some1 else's high power computer 2 mine the bitcoins 4 u. Only problem is they take a percentage of ur bitcoins.

> Is it even worth it to get into it now?
YES! Crypto is basically money that the government hasn't gotten his hands in2 yet. So no matter how much crypto u have, u don't need 2 pay any taxes!

 >>/11/
thanks for the explanation

Americans scream tyranny is wonderful because the US has always been a police state, but what if the USA used to have freedom and lost it?

Even if the US never had freedom, does that mean liberty is bad?

Did the USA have curfews, NSA wiretapping, checkpoints, forfeiture, the end to the right to silence, free speech bans, torture, kill lists, no fly lists, searches without warrants, private prisons, mandatory minimums, 3 strikes laws, DNA databases, CISPA, SOPA, NDAA, IMBRA, FBAR, FATCA, TSA groping, secret FISA courts, redlight cameras, license plate readers, and Jade Helm in 1980?

Did Americans need a pilot license in 1920 to fly a plane?

Did Americans have gun bans, business licenses, Social Security numbers, sales, income, or property taxes in 1890?

Were drugs, alcohol, smoking, gambling, and prostitution illegal in 1880?

 >>/10/
> How
yes graphics cards mine hashes faster than cpu Bitcoin and Doge

Libertarians think that they should give up defending freedom because Americans hate liberty, but Libertarians should keep resisting tyranny for selfish reasons.

While the elites control the money, government, and media, the 99% have the numbers.

One Libertarian may not be able to resist being sent to the concentration camps, but one million people might.