Re:Bitcoin Falls Below $20k for the First Time Since 2020
by nextstepguy on Saturday June 18, 2022 @08:32AM
(#31789262)
I believe that was Warren Buffett explanation on Bitcoin a while back, during Berkshire Hathaway quarterly earnings report.
Re:Bitcoin Falls Below $20k for the First Time Since 2020
by lekevicius on Saturday June 18, 2022 @07:33AM
(#31788935)
Assuming the node network and mining remains intact... now you own a pretty valuable and difficult to replicate infrastructure. At least some people will want to own the "native token" of that network.
Re:Bitcoin Falls Below $20k for the First Time Since 2020
by bovinejoni on Saturday June 18, 2022 @08:18AM
(#31789177)
How is that a realistic assumption? The infrastructure goes dark as soon as the mining incentives disappear. You own an internet relic, a MySpace page
Say everyone gets out except you. You own all the bitcoins in the world. Now what?