Do people still mine for Bitcoin? Or do they just trade for it now?
I don't understand crypto currency either. How did solving complex mathematical equations (what I understand bitcoin to originate from) equate to currency?
The way I understand it is the complexity of the algorithm validates the bitcoins authenticity and value.
Bitcoin's value and authenticity is backed by how it is impossibly difficult and infeasible to counterfeit. It's backed by science like how the dollar used to be backed by gold and is now backed by.....