this post was submitted on 26 May 2026
17 points (90.5% liked)

Pulse of Truth

2451 readers
10 users here now

Cyber Security news and links to cyber security stories that could make you go hmmm. The content is exactly as it is consumed through RSS feeds and wont be edited (except for the occasional encoding errors).

This community is automagically fed by an instance of Dittybopper.

founded 2 years ago
MODERATORS
krogoth@infosec.pub
17
Someone just burned $8 million of bitcoin (protos.com)
submitted 1 month ago by lemmydev2@infosec.pub to c/pulse_of_truth@infosec.pub
40 comments fedilink hide all child comments
 

More than 107 BTC are now provably burned from the supply until someone invents a cryptographically relevant quantum computer. The post Someone just burned $8 million of bitcoin appeared first on Protos.

you are viewing a single comment's thread
view the rest of the comments
[–] Rothe@piefed.social 7 points 1 month ago (2 children)

It is not worth that. It is what speculators might pay for it. It has no inherent value in itself besides speculation. It is pure gambling and the world will be a better place if it completely crashes and burns.

[–] musicalphysics@discuss.online 5 points 1 month ago

Bitcoin has been traded for how many years now? You can deny reality all you want but it doesn’t make it true. Do you think state mandated currencies have inherent value? Seriously?

[–] Gladaed@feddit.org 2 points 1 month ago

Holding it is gambling. So is holding a current gen IPhone. Putting it in a shredder instead of selling it and doing something productive is wasteful and harmful and may even increase value of other similar things.