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Decentralisation, guaranteed immutability, entirely trustless system are the things that made a bitcoin worth tens of thousands with a market cap of hundreds of
by Udik 5y ago
Decentralisation, guaranteed immutability, entirely trustless system are the things that made a bitcoin worth tens of thousands with a market cap of hundreds of millions. Otherwise it would be worth nothing, it's just a record in a public database.
There are people (many, smart people) literally paying millions or billions to add a simple record to that database; there's many more- hackers, organised criminals, state agencies, that would love to able to change that record. The amount of pressure that that simple database is able to withstand, and the amount of trust that has been able to gain, are mind blowing. So that's a success, I'd say.