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Mine Your Bit-ness / MUG

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Description

How To Explain Bitcoin Over Drinks
as explained by
SuccessCouncil from Reddit

.I say... the internet makes everything better right? Email is better than sending letters, Google is better than card catalogs at a library and netflix is better than blockbuster. But we dont have internet money. It turns out there was a really good reason. There is a 3,000 year old problem called the Byzantine Generals problem that made trusting anonymous people impossible. For example... How do I know you didn't copy your internet money and send it to someone else before you sent it to me? Well this 3,000 year old problem just got solved a few years back by some genius and now we have magic internet money. Soon the whole world will be using it.

I then normally go onto to say....
There are lots of amazing things magic internet money can do but the thing I like the most is it is helping poor people. I didn't know this but 10% of America is unbanked. Meaning banks won't give them accounts for one reason or another....perhaps they are homeless and do not have an address. When these guys get a paycheck they can't deposit it and have to go to a payday loan shark who will cash it for a 30% fee. Magic internet money allows even the poorest homeless person to have a bank account for this money and spend it without banks and payday guys stealing 30% of it. Now as good as that is for America, its even more amazing for these poor souls in say Africa where up-to 80% of the population are unbanked. Bitcoin is going to big time reduce poverty!

Oh yea, if you're here for the mug, it hodls coffee as well as alt beverages.

• Ceramic
• Dishwasher and microwave safe
• White and glossy
How To Explain Bitcoin Over Drinks
as explained by
SuccessCouncil from Reddit

.I say... the internet makes everything better right? Email is better than sending letters, Google is better than card catalogs at a library and netflix is better than blockbuster. But we dont have internet money. It turns out there was a really good reason. There is a 3,000 year old problem called the Byzantine Generals problem that made trusting anonymous people impossible. For example... How do I know you didn't copy your internet money and send it to someone else before you sent it to me? Well this 3,000 year old problem just got solved a few years back by some genius and now we have magic internet money. Soon the whole world will be using it.

I then normally go onto to say....
There are lots of amazing things magic internet money can do but the thing I like the most is it is helping poor people. I didn't know this but 10% of America is unbanked. Meaning banks won't give them accounts for one reason or another....perhaps they are homeless and do not have an address. When these guys get a paycheck they can't deposit it and have to go to a payday loan shark who will cash it for a 30% fee. Magic internet money allows even the poorest homeless person to have a bank account for this money and spend it without banks and payday guys stealing 30% of it. Now as good as that is for America, its even more amazing for these poor souls in say Africa where up-to 80% of the population are unbanked. Bitcoin is going to big time reduce poverty!

Oh yea, if you're here for the mug, it hodls coffee as well as alt beverages.

• Ceramic
• Dishwasher and microwave safe
• White and glossy

Payment options

Secure options
  • Accepts Etsy Gift Cards and Etsy Credits
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Returns & exchanges

I gladly accept returns and exchanges
Contact me within: 14 days of delivery
Ship items back within: 30 days of delivery
I don't accept cancellations
But please contact me if you have any problems with your order.
The following items can't be returned or exchanged
Because of the nature of these items, unless they arrive damaged or defective, I can't accept returns for:
  • Custom or personalized orders
  • Perishable products (like food or flowers)
  • Digital downloads
  • Intimate items (for health/hygiene reasons)
Conditions of return
Buyers are responsible for return shipping costs. If the item is not returned in its original condition, the buyer is responsible for any loss in value.

Mine Your Bit-ness / MUG

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$15.00+

Overview

  • Handmade item
  • Material: Ceramic
  • Made to order
  • Favorited by: 2 people
  • Gift message available

Shipping & returns

Made just for you. Ready to ship in 7–8 business days.
From United States
Returns and exchanges accepted
Exceptions may apply. See return policy
in Las Vegas, Nevada

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