Re:Thinking about investing in Bitcoin? Don't (2018)
by alwillis on Thursday February 25, 2021 @04:30PM
(#26268587)
Bitcoin is a scare digital asset; scarcity is why it has the value that it does.
You can’t just spin up another Bitcoin blockchain and expect to have the ecosystem move that chain without sacrificing their hash power on another chain when they’re deeply invested in the original $1 trillion (and growing) chain.
That’s like suggesting Apple move to a copy of the NASDAQ exchange.
You can’t just spin up another Bitcoin blockchain and expect to have the ecosystem move that chain without sacrificing their hash power on another chain when they’re deeply invested in the original $1 trillion (and growing) chain.
That’s like suggesting Apple move to a copy of the NASDAQ exchange.