“Bitcoin has no intrinsic value. Gold does because I can turn it into jewelry.”
“False! Bitcoin does have intrinsic value. Bitcoin is energy. Energy that can be used to power cities, homes, cell towers. It’s monetized energy.”
Discussion
that Gold intrinsic Energy used I it no jewelry.”
“False! has is intrinsic Bitcoin cell energy. does does be have value. value. because homes, to It’s can monetized into energy.” Bitcoin towers. cities, “Bitcoin turn can power
I think Bitcoin is not energy, it is a network with a ledger that can only be modified using energy (a lot of it). It cannot power cities but coordinate the action of participants (who are willing to use energy) to do so.
Like a photo of me is not me type of situation.
Yeah, I was wondering how Bitcoin is energy? 🤔 Sure, the computers doing the mining produce heat and use a lot of energy.
Bitcoin is a computer network run by Volunteers. We're like the BoyScouts, but with one unique feature.
"Digital signatures provide part of the solution," but most people fail to see the main benifit of holding geographically distributed keys.
For the sake of argument, let's say Dogecoin goes to a million bucks per coin. I know it's dumb, but bare with me.
Suddenly, all the DogeDorks become trillionaires. YAY Elon!
Now they have a problem to solve, the double spending problem.
"Knock, knock."
"Good morning. What can I do for you?"
"I need to double spend your dogecoin. Give me your Coinbase password or your life."
NGMI
Now say bitcoin does another 10x.
"Knock knock."
"WTF do you want?"
"Your money or your life."
"I got like 9 bucks. I'll give it to you. I hate money so much, I use a clock instead of money. The person who discovered this clock hated money so much that he created a peer-to-peer electronic cash system worth billions, but he never spent a dime.
Killing me will not give you what you want, but my stack is like bounty hunter program. My peers are like an invisible mafia. If you kill me, you will still never have my #bitcoin. You better know how to disapear off the face of the earth because my murder makes my peers richer. This gives them an incintive to avenge my murder.
We will take down nation states to release our people from prison. I don't know if you noticed, but we are connected to some powerful people. You don't want to fuck with us."
Yes.
I do not understand WTF you just said there Mark but I tend to agree with you + I am a little scared so also YES 😄
Oh sorry, I'm bouncing some ideas for a screenplay here. Lol. I guess I should have mentioned that.🤣
Missed the point, but ok.