Re:S&P Dow Jones Indices to launch cryptocurrency indexes in...
by raziel2701 on Thursday December 03, 2020 @12:35PM
(#25291694)
So is it a jack of all trades and master of none sort of thing? I still see it as a speculation tool and it's grabbing a lot of momentum. But I don't see what's so fundamentally useful about the technology unless you're interested in laundering money and/or buying illegal stuff.
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Re:S&P Dow Jones Indices to launch cryptocurrency indexes in...
by shuntress on Thursday December 03, 2020 @01:17PM
(#25292368)
Bitcoin is a currency.
The fundamentally useful thing about Bitcoin is it's proof-of-work shared ledger that allows transactions to be conducted and verified between individuals (through the shared network) independent of any third party or broker.
It is the electronic equivalent of handing someone a physical coin.
It is genuinely pretty neat.
Any actual meaningful application of this use has yet to be realized.