News for hackers. Stuff that matters.

A comment on The media still doesn't understand what it means to own Bitcoin. Parent comment

Re:The media still doesn't understand what it means to own B... by chii on Wednesday February 10, 2021 @12:23AM (#26085954)
why not? Bitcoin has the property that it is hard to forge, and difficult to double spend, etc (not easy for an electronic medium). Like gold, trust could be placed in it - and thus, has value like gold has value in today's economic system.
[ Parent | on HN ]
Re:The media still doesn't understand what it means to own B... by jacknews on Thursday February 11, 2021 @08:14AM (#26101097)
it's value is the work other people will do for you in exchange for it.

In the case of bitcoin, it seems like that contract is an incredibly poor deal for most people, and an amazing windfall for a few.

[ Parent | on HN ]