Jackson, started contacting Peter over the phone. Saying he looped over time where it was still fine, and it was still booming. The world is in an economic recovery and everyone is fascinated by the term "lol", or laugh out loud. The world is in a great shape.
Peter: What's up Jackson?
Jackson: Dang you man, know you're mining bitcoin and ethereum, how'd you did it!
Peter: What! How did you know that!?
Jackson: Cause I've been saying, I travelled back in time.
Peter: No shit, what is the price of Bitcoin in the future?
Jackson: For now it goes by hundreds to some thousands but hundreds still, ok. In 2014 its going to shoot up to 2000.
Peter: No joke! What!? That's impossible.
Jackson: Some even in the future are saying that it will spike to up around 1 million in the future.
Peter: That is if it won't be hacked man.
Jackson: What hacked? Bitcoin can't be hacked, you said that to me.
Peter: Not this time man, there are speculations in the internet that it is still young and vulnerable to penetrate at.
Jackson: Nooooooow, I get it. Ok, Ok, Ok, so do I invest in it.
Peter: Of course buddy since people like me are mining it to help keep it secured.
Jackson: How did you do it!?
Peter: You first get a wallet, make sure you can recover it.
Jackson: What about the seeds man.
Peter: What seed, all I have is a recovery data of my private keys to help me connect with the blockchain which is the ledger of bitcoin.
Jackson: Can't believe its not 2014, Trezor is not even out yet.
Peter: What trezor?
Jackson: Its a hardware wallet man, you store your private keys in it. With the recovery seed, you can even recover your wallet in it, by recovering your private keys using it.
Peter: Crap! That high tech. Is that safe?
Jackson: Yes man, everyone uses it. So how do I mine.
Peter: First we need to calculate how much we can earn solo mining.
Jackson: What happened to the mining pools?
Peter: What Mining pools, you solo mine it, man.
Jackson: Oh yeah, most of the technologies aren't out yet, like segwit.
Peter: What is segwit?
Jackson: I don't know much but it has something to do with the minimizing of transaction space by making it compact to a 2mb block. Making sure of cheaper transactions and later a fast transaction base for the block chain.
Peter: Wow, awesome update there.
Peter: Next, after making a wallet, you need to download a CLI Network Interface to get around starting to mine. I just go with Bitcoin Core.
Jackson: That simple! You became rich with that simple a thing!? Damn dawg. Didn't know it was that simple.
Peter: Yeah, that's how it is. Wait what?! I became rich!?
Jackson: Yeah it was all over the news. Bitcoin spiked to 8 000 dollars then 10 000 then back to 6 500 I think, that's the lowest before reaching 19 000, then back to 15 000, then I don't know, in 2020 it went to 20 000. Then, in 2021 I think it went to 40 000, then at 100 000 dollars in 2024.
Peter: Can't believe it!
Jackson: You were always over the phone in it whenever it did so. Man, you even told me the system's rigged but people trying fixing it.
Peter: I did?
Jackson: Yeah in the future.