5 ms·
Interesting. What's $40MM in bitcoin? I ask because most of these articles are trying to shock you with the exchange value rather than the BTC value.
by yardie 13y ago
Interesting. What's $40MM in bitcoin?
I ask because most of these articles are trying to shock you with the exchange value rather than the BTC value.
- alexkus 13y agoArticle says 5500BTC.
- betterunix 13y agoThe overwhelming majority of Bitcoin users are concerned with the exchange value, so it makes sense to give that rather than the "native" value.
- interstitial 13y agoSo you're saying it's not a currency, but a speculative play?
- justin 13y agoFor most buyers of bitcoin currently, yes. In the future that might change.
- ceejayoz 13y agoHow is it any different from "one ton of gold" versus "$40 million in gold"? Surely the latter provides more useful information to the general public?
- AsymetricCom 13y ago"Useful" for somebody, sure. I don't think that fact has any use for the pubic.
- kelnos 13y agoGold is generally less volatile, so saying "$40mm in gold" would likely have some lasting significance. But in a month, that $40mm in Bitcoin could be worth $20mm or $60mm or something else entirely. Giving the actual value in BTC would let us know how much exactly.
- celticninja 13y ago96000 btc i believe was the figure being thrown around however I also saw 39000 btc at the every early stages and that is much closer to the $40million estimate given in OP.