Pulse of Truth

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Someone just burned $8 million of bitcoin (protos.com)

submitted 1 month ago by lemmydev2@infosec.pub to c/pulse_of_truth@infosec.pub

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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.

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[–] Juice@midwest.social 2 points 1 month ago (1 children)

There are different kinds of value. Houses indeed have more use value than a bitcoin which only has exchange value and whose use is entirely in exchange. NFTs and smart contracts were a failed attempt at adding use value to crypto.

The numerical money value of commodities and real property is historically dependent, whereas the use value of a house is vital and inflexible.

[–] musicalphysics@discuss.online 1 points 1 month ago (1 children)

No, bitcoin can be sent to anyone anywhere in the world in about 10 minutes. So despite your claims bitcoin isn’t worthless. Housing value is inflexible? That doesn’t make any sense in the slightest. We can certainly live in a house but it’s purchase price is untethered from that fact.