News for hackers. Stuff that matters.
Re:Bitcoin still makes no sense by bawolff on Saturday December 05, 2020 @08:50PM (#25320245)
I disagree that bitcoins are made "in response" to work performed. The value of a bitcoin doesn't come from the work performed. Otherwise recently mined bitcoins would be more valuable than early mined bitcoins, due to different hash difficulty level.

Anyways, currency is not value. Currency represents value. It is symbol. I feel like confusing the symbol with what it represents is the source of much of the misunderstandings of how money works.

Re:Bitcoin still makes no sense by wolfretcrap on Sunday December 06, 2020 @10:19PM (#25329032)
Initially minted coins were technically more valuable for the bitcoin network. It's depends on from what perspective you judge this value.
Re:Bitcoin still makes no sense by bawolff on Monday December 07, 2020 @01:30AM (#25329857)
That's taking the term "value" severely out of context.