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There is a multi-billion dollar asset known as Bitcoin SV that is valued highly on the belief Craig Wright invented bitcoin. He is not just a local crank.
by seibelj 7y ago
There is a multi-billion dollar asset known as Bitcoin SV that is valued highly on the belief Craig Wright invented bitcoin. He is not just a local crank.
- ericb 7y ago> He is not just a local crank. Agreed, he's gone global.
- smcl 7y agoThen it’s valued highly by a lot of extremely gullible people. The first time I heard about Craig Wright was that debacle where he was desperate to prove he was Satoshi, hand-waved his way through a very staged proof and then when called on it he subsequently refused to do an extremely simple proof that would’ve beyond doubt proven what he claimed (lamenting that no one would be happy with it). Everything I’ve read since then has confirmed he’s just a grifter, this article is no different.
- tryptophan 7y ago>multi-billion dollar asset [number of coins] * [ price of coin] =/= value. I hate this ridiculous trend of "valuing" currencies by the above formula. I sold myself 1 HackerNewsCoin™ for 1$(featuring decentralized freedom© and proof of steak®). Since there are 1e13 coins, I am now the world's first trillionaire! I own a currency valued at 1$ * 1e13! It makes much more sense to compare currencies by their transaction volume, or possibly even better by the volume * days destroyed metric. Bitcoin SV probably has very little real "float" and so it appears far more valuable than it actually is.