Pulse of Truth

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krogoth@infosec.pub

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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[–] onnekas@sopuli.xyz 1 points 1 month ago* (last edited 1 month ago) (1 children)

Yes, in the same way a green piece of paper with 10$ written on it is almost worthless. Yet you can buy stuff with it.

(I don't like bitcoin or crypto in general, but I think as long as someone is willing to give you money or goods in exchange for a certain thing then this thing has a worth??)

[–] RamenJunkie@midwest.social -2 points 1 month ago

The difference is thst green piece of paper is backed by an entire country's economy and military, etc.

Crypto is backed by hopes and dreams and scams. WoW tokens are worth more than crypto.