News for hackers. Stuff that matters.

A comment on Why Crypto and Bitcoin not going to 0 if it's all scam?.

Re:Why Crypto and Bitcoin not going to 0 if it's all scam? by npoc on Saturday January 13, 2024 @10:22AM (#38980731)
Because hardly anyone knows what they're talking about (even if they think they do).

BTW. CrYpTo is all going to 0. Bitcoin is going up forever Laura.

[ Parent | on HN ]
Re:Why Crypto and Bitcoin not going to 0 if it's all scam? by anonfromsomewhe on Saturday January 13, 2024 @10:43AM (#38980939)
You mean like this person ? https://www.youtube.com/watch?v=jo58qEoThSs I agree
[ Parent | on HN ]
Re:Why Crypto and Bitcoin not going to 0 if it's all scam? by npoc on Saturday January 13, 2024 @10:48AM (#38980993)
Yes, he doesn't realise that proof-of-stake is no good as a store-of-value compared to truly decentralised proof-of-work (bitcoin).

And any network that doesn't base itself around the best digital store-of-value asset (bitcoin) won't be able to compete with one that does i.e. ETH is going to 0. And by the same token so are USD, GBP, EUR, YEN etc. unless they change to be backed by bitcoin.

[ Parent | on HN ]