/biz/ - Business & Finance

>>4850849
>proof of work
by GPUs
>>4850761
>Miners time
aka start the program and eat pizza?
> an processing power
considerably less than the real value of buttcoin
>plus the code is finite
HAHAHAAHAHAAHAAHAHA
>and its supply is being lost over time as people die with btc in wallets without passing on private keys.
It's a decade old, fag. Forgotten walltes will not be an issue for the next 5 decades.
> Its core value is (slowly this is becoming was thanks to futures >>4831237 →) that nobody owns a controlling stake in like a business or any other financial system.
close there
>It is/was a means of making all men equal.
lmao
> This is quickly becoming false.
What the fuck did you expect?
> Monero, even dare I say bitcoin cash and other coins are the only hope we have in this now.
go all in!
> BTC is corrupted.
nope, it did what it should have
> It is still ok for a store of value though
nope
> but nothing more and if futures destroys confidence in it the store of value may even switch to something like bitcoin gold (i am going purely on the name with that one) for example.
nope. If bitcoin fails, any other coin has very little chance of revival.
>>4851178
>>4851178
>Scarce in economics means "limited supply". It is mathematically impossible to have more than 21 million BTC in existence. This means that if you buy bitcoins no one will be able to take them away from you.
correct.
>This is not the case with the US dollar or any fiat currency; the government can devalue them at will.
Same for bitcoin as long as people keep cross-transaction with any other fiat currency alive and/or fail to monopolize in a market and trade in bitcoins exclusively.
> The BTC price might be fluctuating a lot these days but if you have satoshis they`re yours forever, they`re simply being more or less expansive to acquire.
and they would be worthless if ti crashes.
>store of value
*highly volatile
>>4851271
I'm talking about value and not currency. Value is what backs the currency, moron.