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And you can create unlimited forks of it, which is kinda hard with gold. For me this makes the real value zero, but I am already proven wrong for more then 10
by hondadriver 8y ago
And you can create unlimited forks of it, which is kinda hard with gold.
For me this makes the real value zero, but I am already proven wrong for more then 10 years.
- sidko 8y agoThe value of Bitcoin comes from social consensus. You cannot fork that. You can only fork a code repository. End of the day, it is just a bunch of 1s and 0s without a social consensus of value.
- 2chen 8y agoYou are begging the question. "Social consensus" is literally the same thing market value.
- richk449 8y ago> The value of Bitcoin comes from social consensus. You cannot fork that. Can’t? Perhaps it is difficult, but not impossible. I can think of some examples of forking social consensus: x11-wayland, Debian-Ubuntu, star office - open office - whatever office it is now.
- 2chen 8y agoGold, based on its practical uses, should have a much lower value as well--but naysayers have been proven wrong since time immemorial. I think the market will continue to stay irrational much longer than we will be alive.