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> people really don't trust each other Not even that. A large majority of Bitcoin holders actually store 'their' Bitcoin in exchanges (who are known to be com
by cuteboy19 5y ago
> people really don't trust each other
Not even that. A large majority of Bitcoin holders actually store 'their' Bitcoin in exchanges (who are known to be completely untrustworthy). Binance's cold wallet is actually the largest single holder of Bitcoin. It's just a get rich quick scheme
- hgfshfg123 5y agoNot denying that there's a HUGE bubble in it with hustlers and suckers. That there's a link between how irrefutable the ledger is and the energy cost/how distributed the miners are is what I find quite interesting. It's not quite E=mc^2, but it feels like it's getting there.
- scottiebarnes 5y agoMost of the world's gold is stored in central bank vaults guarded round the clock by armed guards. What does this quality imply for most commodities?