Bitcoin has little shot at ever being a major global currency

Re:Bitcoin has little shot at ever being a major global curr... by svantana on Thursday January 11, 2018 @08:00AM (#16123410)

Nope, bitcoin mining is based on finding large integers that hash to small integers (under the current threshold). It's got nothing to do with primes. Although there is a cryptocurrency based on this very concept, currently with a market cap of $12M: http://primecoin.io/

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Re:Bitcoin has little shot at ever being a major global curr... by rusk on Thursday January 11, 2018 @08:36AM (#16123697)

So, is there any intrinsic value (at all) to these "coins"?

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Re:Bitcoin has little shot at ever being a major global curr... by rrobukef on Thursday January 11, 2018 @10:37AM (#16124634)

I don't think there is any different value to that of Bitcoin. However I think they provide a service (money transmitting) better than existing competitors.

I also think that altcoins don't compete with Bitcoin because Bitcoin is unable to saturate the market.

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