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proof-of-work is supported by value of cryptocurrency, and does not something of inherent value. Contrast this with stocks, for which trading value depends on t
by YetAnotherNick 6y ago
proof-of-work is supported by value of cryptocurrency, and does not something of inherent value. Contrast this with stocks, for which trading value depends on technical analysis and is slightly random, but in the end it is supported by some concrete thing.
- worik 6y agoNo, value of stocks is independent of "technical analysis". TA does not work, except in special circumstances, and then only until the "secret" is revealed.
- bitxbitxbitcoin 6y agoProof of work provides the man hours equivalent of security for the cryptocurrency, much the way that a standing military provides the man hours equivalent of security for a centralized national currency.