Re:Nasdaq Plans to Introduce Bitcoin Futures
by matt_wulfeck on Wednesday November 29, 2017 @09:29PM
(#15812981)
Except it takes usually 2 to 3 days for the ink to dry in the ledger, and costs you $3 every time you wrote in it, and consumed more electricity than your house does in a week, and you do it this way because you want it to be trustless.
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Re:Nasdaq Plans to Introduce Bitcoin Futures
by lunchables on Thursday November 30, 2017 @09:44AM
(#15816026)
His analogy isn't perfect with all respect to bitcoin, but it is for that explanation. And transaction fees doesn't really matter when it's used as long term value storage for a significant amount of money. The small transaction fee is basically irrelevant.
Re:Nasdaq Plans to Introduce Bitcoin Futures
by vasilipupkin on Thursday November 30, 2017 @01:00PM
(#15817880)
I don't get it. why is it a store of value? what makes it have value? For example, suppose I just got paid and I buy bitcoin today. What is the force that will make my bitcoins not be worth 0.5X over the next 20 years ?