News for hackers. Stuff that matters.
Re:PayPal to allow cryptocurrency buying, selling and shoppi... by centimeter on Wednesday October 21, 2020 @10:24AM (#24848157)
No. Stocks, roughly speaking, represent entitlements to corporate profits in the form of dividends. Bitcoin doesn’t represent any kind of entitlement. The closest analogy is gold - Bitcoin is a scarce commodity with good currency properties. It’s similar to gold in that it’s fungible, dense, etc. Its worse than gold in that it’s not shiny and something you can feel. It’s better than gold in that it’s orders of magnitude cheaper to store and transport security, and it’s vastly easier to ensure authenticity.
Re:PayPal to allow cryptocurrency buying, selling and shoppi... by imsd on Wednesday October 21, 2020 @10:48AM (#24848410)
Another comparison: gold's annual rate of production is steadily increasing; bitcoin's is aggressively decreasing.

I've just started writing about this. Here's an interesting chart:

https://bitcoinflippening.gold/wp-content/uploads/2020/10/bi...

Re:PayPal to allow cryptocurrency buying, selling and shoppi... by tim333 on Wednesday October 21, 2020 @11:26AM (#24848744)
> orders of magnitude cheaper to store

Unless your exchange gets hacked, you lose your keys or similar

Re:PayPal to allow cryptocurrency buying, selling and shoppi... by ClumsyPilot on Wednesday October 21, 2020 @12:22PM (#24849315)
Well its not like no-one ever steals actual money/gold/whatever
Re:PayPal to allow cryptocurrency buying, selling and shoppi... by tim333 on Friday October 23, 2020 @08:21AM (#24868679)
>Chainalysis, a research firm that analyzes activity across different cryptocurrency markets, estimates that between 2.78 and 3.79 million, or between 17 and 23 percent of all bitcoins have been lost.

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