News for hackers. Stuff that matters.
Re:It can all go to zero by matt_s on Tuesday January 16, 2018 @01:56PM (#16161015)
Comparing cryptocurrencies to actual companies isn't fair. A lot of companies that went bankrupt (aka worth $0) had assets. Those assets were worth something and were probably sold off and used to pay debtors.

What assets does a cryptocurrency have? What value is actually there?

Re:It can all go to zero by blhack on Tuesday January 16, 2018 @01:59PM (#16161052)
It's also not fair because a company can actually "go away" as in they sell the building and stop operating.

You can't really do this with bitcoin. It's never going to "shut down".

Re:It can all go to zero by netsharc on Tuesday January 16, 2018 @02:35PM (#16161483)
This is why some people think it could be a perpetual ponzi scheme/bubble... price goes up, people get interested, price shoots up, more people get interested, price drops down, a lot of people lose their shirts, but other people will think, "Oh, Bitcoin is cheap now, I should get into that!". I guess until you run out of people, or until it's ruled "illegal" that the pool of people shrinks.
Re:It can all go to zero by Retric on Tuesday January 16, 2018 @02:12PM (#16161222)
If nobody mines it then it really can go away.
Re:It can all go to zero by inyourtenement on Tuesday January 16, 2018 @02:22PM (#16161340)
If everybody woke up at once, came to their senses, and realized bitcoin was all just a waste of time and literal energy, and turned off their machines, bitcoin would be "shut down".
Re:It can all go to zero by jen729w on Tuesday January 16, 2018 @04:01PM (#16162530)
It takes a cynical person indeed to think that Bitcoin is “a waste of time”. Love it or hate it, it’s an amazing idea.

Waste of energy, however, is harder to argue with. Hence PoS etc.

Re:It can all go to zero by fastball on Tuesday January 16, 2018 @02:50PM (#16161659)
Nope, because then the next day someone would start mining again in the hope that people would want BTC someday.
Re:It can all go to zero by inyourtenement on Tuesday January 16, 2018 @03:05PM (#16161831)
That is a wild assumption.
Re:It can all go to zero by matt_s on Tuesday January 16, 2018 @02:07PM (#16161144)
True - it's society's value on the exchange of bitcoin to $USD that could go to $0. The ledger of all those transactions would still be out there.