Tom Toles by Tom Toles

Tom Toles

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  1. jack75287

    jack75287 said, 10 months ago

    The hard part is always when the trouble starts. Now it has been proven that bitcoin can be robbed from, now is the test if people want to invest in the business model.

    The model is simple, bitcoin rents distributed calculation time, those calculations come from large universities and corporations who find bitcoin less expensive then having their own super computer.

    People really good with computers get two or three motherboards a rig to use one one processor and then load a lot of high end video cards that bit coin uses for its calculations.

  2. Doughfoot

    Doughfoot said, 10 months ago

    Two bits, four bits, six bits, a dollar …

    Remember “pieces of eight”? The old Spanish “peso” was divided into eight “reales” — but the American colonists called the peso a “dollar” and the reales they called “bits.” Hence, two bits is a quarter. Of course, bits and dollars were essentially nicknames until the US created its own currency in 1787, and officially adopted the “dollar” as the basis for it. As a side note, the US has never officially had a coin called a “nickel”: that is a nickname that has stuck for 150 years. As worked out by Thomas Jefferson, the whole system was supposed to look like this:

    1 eagle = 10 dollars = 100 dimes = 1000 cents = 10000 mils

    The “eagle” and the “mil” went by the board, but for many years there was a half cent coin. We still label a coin “One Dime”, though we never got in the habit of saying things like, “That’ll be 4 dimes and 8 cents.”

    Historical Trivia lesson for today.

  3. masterskrain

    masterskrain GoComics PRO Member said, 10 months ago

    If it seems too good to be true…it probably is!

  4. bernardgarner

    bernardgarner said, 10 months ago

    Maybe the word “Shrem” will enter the language like condom, jacuzzi, and poubelle only it will be a synonym for on online financial scam.

  5. Enoki

    Enoki said, 10 months ago

    Did ya notice? The dots form a matrix….

  6. Night-Gaunt49

    Night-Gaunt49 said, 10 months ago

    @TheTrustedMechanic

    The Libertarian faction love this bitcoin and its relatives.

  7. Stipple

    Stipple said, 10 months ago

    @Oscar54

    I think jack may have been trying to make a joke.
    Half his audience went "huh?’ and the other have thought “sounds about right”.

  8. I Play One On TV

    I Play One On TV said, 10 months ago

    Bitcoin, whether its inventors were intending to do this or not, became favored as a shadow currency. Untraceable and worth only what the traders believed it was worth. It has been used for years in drug and human-sex-trafficking “professions” as a result, and with a great deal of success. Until somebody noticed that the emperor has no clothes…..

  9. chromosome

    chromosome GoComics PRO Member said, 10 months ago

    Looks like the bitcoins have gone to seed.

  10. omQ Release the Desaparecidos

    omQ Release the Desaparecidos said, 10 months ago

    @Stipple

    Nahhh, jack doesn’t joke; that was quite serious. ;-)

  11. Night-Gaunt49

    Night-Gaunt49 said, 10 months ago

    @CCNJ's say the sky is falling

    Why do Conservatives believe anyone who disagrees with them are their enemies?

  12. nordwonder

    nordwonder said, 10 months ago

    @I Play One On TV

    " …worth only what the traders believed it was worth." Just like any currency, even gold. Just sayin’.

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