4 ms·
No, mining does not generate value except supporting Bitcoin. Prime numbers (not mining) also only have cryptographic value if they aren't known to anybody else
by rrobukef 9y ago
No, mining does not generate value except supporting Bitcoin. Prime numbers (not mining) also only have cryptographic value if they aren't known to anybody else.
Losing the nifty usecases for gold would plummet the price. Luckily were addicted to technology and jewelery. This won't change quickly. However Bitcoin is losing their usecase and already struggling to stay relevant.
- rusk 9y agoPrime numbers (not mining) also only have cryptographic value if they aren't known to anybody else I don't think this is right. IANAC but from what I recall on the topic, prime numbers are used to "seed" cryptographic keys and the like.