“Crypto for dummies”: The how, what and why of using virtual currency – CBS News

This is another reason why bitcoin may not strike you as a regular currency.

“I think it’s, like, probably the biggest bubble of our lifetime,” said Ryan Payne, the president of Payne Capital Management, a wealth-management firm.

“I think there is no intrinsic value,” Payne replied.

Long said, “The good we use as money is a piece of linen, with a picture of a dead president in green ink printed on it.

exchange, the customer enters their email address, is sent a verification email, is asked for their phone number, receives an authentication code via text, submits the last four digits of their Social Security number, takes a photo of their driver’s license, provides their bank PIN and password, hits “But Now,” and voila! For $50 in “real” U.S.

Long said, “It’s very confusing.

By some estimates, every time you make a Bitcoin transaction, its network spews out half a ton of carbon dioxide.

“We love a great story; Bitcoin’s a great story; decentralized finance is a great story,” Payne replied.

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