Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by mattwilsonn888 on Thursday February 03, 2022 @12:18AM
(#30188983)
What is "the value currency" supposed to mean?
Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by JumpCrisscross on Thursday February 03, 2022 @01:00AM
(#30189208)
> What is "the value currency" supposed to mean?
People are willing to trade their labour and opportunity cost for entries on this ledger.
The history of transactions has no importance to the value currency. A dollar that was stolen is just as valuable as any other because they are bearer bonds (like most currencies).
The whole Immutable thing is just translating the concept of a bearer bond to digital space, nothing to do with its intrinsic value.