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Bitcoin's value is not based on its technical ability or its usefulness. No one understands or care about PoW vs PoS. Its only practical worth is its name recog
by mminer237 6y ago
Bitcoin's value is not based on its technical ability or its usefulness. No one understands or care about PoW vs PoS. Its only practical worth is its name recognition driving more people to buy it as an investment. Bitcoin beat Ethereum and Bitcoin Cash and Ripple and Monero and every other coin because it was first, and people know the name "Bitcoin", and they've never heard of any altcoin.
- imtringued 6y agoAt some point it will fail because of its technical failures though. The people buying it assume that Bitcoin as it is, is already perfect and never has to change when that is far from the truth.