News for hackers. Stuff that matters.

A comment on Bitcoin has little shot at ever being a major global currency. Parent comment

Re:Bitcoin has little shot at ever being a major global curr... by rrobukef on Thursday January 11, 2018 @10:43AM (#16124719)
No, mining does not generate value except supporting Bitcoin. Prime numbers (not mining) also only have cryptographic value if they aren't known to anybody else.

Losing the nifty usecases for gold would plummet the price. Luckily were addicted to technology and jewelery. This won't change quickly. However Bitcoin is losing their usecase and already struggling to stay relevant.

[ Parent | on HN ]
Re:Bitcoin has little shot at ever being a major global curr... by rusk on Thursday January 11, 2018 @10:45AM (#16124749)
Prime numbers (not mining) also only have cryptographic value if they aren't known to anybody else

I don't think this is right. IANAC but from what I recall on the topic, prime numbers are used to "seed" cryptographic keys and the like.

[ Parent | on HN ]