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The value of Bitcoin relies on the entire network, which includes thousands of machines. If you take that into account, then the value/physical matter of some
by miguelrochefort 9y ago
The value of Bitcoin relies on the entire network, which includes thousands of machines.
If you take that into account, then the value/physical matter of some bank account credentials is just about the same.
- adamnemecek 9y agoIt's not because the credentials themselves are worthless, they dont have an inherent value. It's like value semantics vs reference semantics. And you can use bitcoin irl too.
- miguelrochefort 9y agoBitcoin has no inherent value. A private key has no inherent value.
- adamnemecek 9y agoIt does in contrast with account info.
- miguelrochefort 9y agoYour bank account credentials and your Bitcoin private keys are exactly the same.
- adamnemecek 9y agoNot really no. The hash has value on it's own. If you lose the bitcoin, you are fucked. If you lose your credentials, they might be recovered. Therefore bitcoin does store the value.