Posted by buickanddeere on January 25, 2018 at 15:31:23 from (173.241.109.36):
In Reply to: Please define bitcoin? posted by wilson ind on January 19, 2018 at 09:39:32:
[quote="CVPost-wilson ind"](reply to post at 13:39:32 01/19/18) [/quote
The following is a simple explanation for Bitcoins, as outlined by a professor in Israel .
Up until now, I had no understanding of how Bitcoins worked nor who would accept them.
The professor provides a simple example that will clarify the topic for you, if like me, you didn’t really understand the concept……..
*BITCOIN*
A lot of monkeys lived near a village.????????????????????????????
One day a merchant came to the village to buy these monkeys!????????????????????????
He announced that he will buy the monkeys @ $100 each. ????????
The villagers thought that this man is mad.????
They thought how can somebody buy stray monkeys at $100 each?????
Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey. ????
This news spread like wildfire and people caught monkeys and sold it to the merchant.????
After a few days, the merchant announced that he will buy monkeys @ 200 each. ????????????
The lazy villagers also ran around to catch the remaining monkeys!????????????????????????
They sold the remaining monkeys @ 200 each.????
Then the merchant announced that he will buy monkeys @ 500 each!
????????????????????????
The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got 500 each.????????????????????????????
The villagers were waiting anxiously for the next announcement.????
Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ 1000 each!????????????????????????????????????????????
He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
The merchant went home.????
The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.??????????
Then the employee told them that he will sell some monkeys @ 700 each secretly. ????
This news spread like fire. Since the merchant buys monkey @ 1000 each, there is a 300 profit for each monkey.????
The next day, villagers made a queue near the monkey cage.????????????????????????????????????????????????????????????????????????
The employee sold all the monkeys at 700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!
The villagers took care of their monkeys & waited for the merchant to return. ????
But nobody came! ...???? Then they ran to the employee...????
But he has already left too !????
The villagers then realized that they have bought the useless stray monkeys @ 700 each and unable to sell them! ????????????????????????????????????????
The Bitcoin will be the next monkey business
????
It will make a lot of people bankrupt and a few people filthy rich in this monkey business. ????????????
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
