{"id":9718,"date":"2018-02-13T16:18:56","date_gmt":"2018-02-13T16:18:56","guid":{"rendered":"http:\/\/www.skeeterdaddle.net\/?p=9718"},"modified":"2018-02-13T16:18:56","modified_gmt":"2018-02-13T16:18:56","slug":"bitcoin-for-dummies","status":"publish","type":"post","link":"https:\/\/www.skeeterdaddle.net\/?p=9718","title":{"rendered":"Bitcoin for Dummies"},"content":{"rendered":"<p>Recently I was lounging with my fellow fiscal geniuses at our latest symposium at the Pilot House.  Janet, our beverage management expert, had just brought our 3rd or 4th round of malt samples when Joker Jerry asked, \u201cHow \u2018bout we pay in bitcoins tonight, Janet?\u201d<\/p>\n<p>Janet had a tray full of our dead soldiers and a bellyful of our smartass remarks.  \u201cSure, Jerry, if you can tell me exactly what a bitcoin is.\u201d<\/p>\n<p>Jerry, ever the comedian, replied, \u201cIt\u2019s cyber money, Janet.  You could take my bitcoin tip today and it would be worth 10 times more week\u2019s end.\u201d<\/p>\n<p>\u201cThat\u2019s great, Jerry.  What\u2019s 10 times 50 cents?  Probably my retirement fund, right?\u201d  Jerry muttered something sotto voce about no tip at all, but Janet was long gone and we were left to ponder cyber currency, yahoos who barely understood what president was on a bill beyond the twenty dollar bill and I sure don\u2019t know who it is. Trump?  Scrooge McDuck?<\/p>\n<p>\u201cSo okay, Jerry,\u201d Bobbie D. asked, \u201cyou\u2019re the fiduciary whiz, what the hell is a bitcoin?\u201d<\/p>\n<p>Joe asked, \u201cIs it a real coin you could hold in your hand or just internet Monopoly money?  And how would you know what it\u2019s worth if it\u2019s jumping up and down like Venezuelan pesos.\u201d<\/p>\n<p>\u201cWhat do you know about Venezuelan money, Joe? \u201c Jerry asked and Joe asked Jerry, \u201cWhat do you know about bitcoins?\u201d<\/p>\n<p>\u201cI know if you\u2019d bought some a few months back, you\u2019d be buying the drinks tonight.\u201d<\/p>\n<p>\u201cAnd if I\u2019d bought some a few weeks ago, I\u2019d be drinking heavily at home.\u201d<\/p>\n<p>Billy, who sells real estate for Windy Rear Realty said it was like buying a house.  \u201cIt\u2019s an investment, that\u2019s all.  Not like you use it to buy a burger, ya know.\u201d<\/p>\n<p>\u201cNo, I don\u2019t know,\u201d Joe said, \u201cthat\u2019s the point.  What do you use it for?\u201d<\/p>\n<p>\u201cDrugs,\u201d Two Toke Tom declared.  \u201cSo the Feds can\u2019t track it.\u201d<\/p>\n<p>\u201cNone of us can track it apparently,\u201d I mumbled, draining my $5 dollar beer, plus 8.9% tax and a bigger than usual tip for Janet.  And so our seminar reached an inconclusive finale, but we will most definitely continue in-depth research and I\u2019ll report back soon as we have a plausible answer.  In the meantime trust in God and the money that tells you to.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently I was lounging with my fellow fiscal geniuses at our latest symposium at the Pilot House. Janet, our beverage management expert, had just brought our 3rd or 4th round of malt samples when Joker Jerry asked, \u201cHow \u2018bout we pay in bitcoins tonight, Janet?\u201d Janet had a tray full of our dead soldiers and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[6],"tags":[773,772],"class_list":["post-9718","post","type-post","status-publish","format-standard","hentry","category-rantings-and-ravings","tag-bitcoin-bit-me","tag-cyber-currency-explained"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.skeeterdaddle.net\/index.php?rest_route=\/wp\/v2\/posts\/9718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.skeeterdaddle.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.skeeterdaddle.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.skeeterdaddle.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.skeeterdaddle.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9718"}],"version-history":[{"count":1,"href":"https:\/\/www.skeeterdaddle.net\/index.php?rest_route=\/wp\/v2\/posts\/9718\/revisions"}],"predecessor-version":[{"id":9719,"href":"https:\/\/www.skeeterdaddle.net\/index.php?rest_route=\/wp\/v2\/posts\/9718\/revisions\/9719"}],"wp:attachment":[{"href":"https:\/\/www.skeeterdaddle.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.skeeterdaddle.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.skeeterdaddle.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}