Comment: I Don't Understand Bitcoin

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I Don't Understand Bitcoin

though I keep trying to. But I DO understand that if people BELIEVE something is valuable then it IS valuable. HUMANS decide what is valuable or not. If you had a bank account and someone changed the balance from 100.00 to 1000.00 electronically, does that mean you have 1000.00 in the bank? It does if everyone THINKS so. Is that how bitcoin works?

skippy