These days, a lot of people are talking about computer money. Computer money is money with no group in the middle controlling it. Instead, everyone uses their computer to track each time someone uses computer money. This table tracking the use of computer money makes it possible to give others computer money and stops people from lying about how much computer money they have.
People can send computer money to others or get computer money themselves. You do not need to know who the other person is to send computer money. When computer money is used, the person getting the money tells the person giving them computer money a number to send it to. This number can be a different number every time so no one knows who gets the computer money. The person giving away the computer money uses another number they do not tell anyone to show the computer money is real and has not been changed. The computers of the other people using computer money then check to be sure the money is real and add the use of computer money to their tables.
More computer money is made when computers get hard problems right. A computer somewhere in the world finds the answer to one of these hard problems about every ten minutes. Many strong computers work on these problems, so it is hard to get computer money this way. The person who owns the computer that gets the problem right also gets the computer money. The number of computer money given for finding the answer to a problem goes down over time.
Computer money can be used to buy other types of money. For the past few weeks, the number of other types of money one piece of computer money can buy has been going up a lot. This makes some people worried that the pieces of other types of money one piece of computer money can buy will drop very low soon.
Why are the pieces of other types of money one piece of computer money can buy going up so much? There are a few possible reasons. More places are starting to accept computer money. Money is only money if it can be used to buy things. The more things money can buy, the more it can be used. Since more places accept computer money, more people are interested in using computer money.
As more people started using computer money, one state started to make people who use their computers to make computer money or help others use computer money tell them how they use the computer money. This is to stop people from hiding that they get money from places not allowed by the state.
At the same time, a different state needed to give another a lot of money. This state had to take money from the people who live there to pay the money back to the places they got it from. People in other states were worried about the same thing happening to them. This made computer money, which does not need a state in the middle controlling it, look good.
All of this caused computer money to get more attention. As computer money got more attention, more people started accepting it. One person even tried to offer his house for computer money. This attention, in turn, made computer money easier to use. When computer money is easier to use, the pieces of other types of money one piece of computer money can buy goes up. Now, all of the computer money can be used to buy more than ten hundred ten hundred ten hundred pieces of some other types of money.