Pulse of Truth

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krogoth@infosec.pub

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

submitted 3 months ago by lemmydev2@infosec.pub [B] 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 3 points 3 months ago* (1 child)

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??)

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[–] RamenJunkie@midwest.social -2 points 3 months 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.

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