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fredmull1973 t1_j1qlt7n wrote

Reply to comment by Adam-West in eli5 what exactly.is crypto? lf I'd never heard of it B4 or any thing to do crypto... explain it to me by junkieheroine

You are explaining it well, I just can’t understand how equation solving equals free money.

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Adam-West t1_j1qm43u wrote

It’s basically a game. Let’s say I created a currency but I made a rule that you can only add a dollar to the pot if you scored a bullseye on a darts board. That’s all it really is. Except that the bullseye is the answer to an equation and the equation is created by a super high tech computer. It’s an arbitrary method of controlling how much money enters the economy

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