Bitcoin windfall for Mt. Gox creditors after 10 year wait, 10,000% price spike

Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by ta988 on Saturday June 29, 2024 @06:11PM (#40833636)

And when crypto goes to 0?

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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by DANmode on Saturday June 29, 2024 @08:46PM (#40834357)

What is the most likely scenario in which you see Bitcoin changing hands for ~0 value, or I suppose not changing hands?

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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by bmacho on Sunday June 30, 2024 @07:13AM (#40836539)

People want to get real money out of it.

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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by andirk on Monday July 01, 2024 @10:07PM (#40852908)

I transfer it to people on the slowest method for 1st borns baby shower. I used it on furniture at Overstock.com while they allowed it. I gamble with it. I have donated with it.

For me and probably many others, when expediency isn't an issue, BTC works great.

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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by slicerdicer1 on Sunday June 30, 2024 @06:02AM (#40836201)

Bitcoin will never go to $0 because if it ever got to $1 I'd buy all 21 million of them. And there are lots of people like me.

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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by muzika on Sunday June 30, 2024 @10:07AM (#40837233)

Not if the algorithm is cracked and the supply of bitcoin increases. It’s possible for bitcoin to go to zero. Shouldn’t happen, but it can.

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Re:Bitcoin windfall for Mt. Gox creditors after 10 year wait... by garydevenay on Sunday June 30, 2024 @11:24AM (#40837704)

The supply wouldn’t even be increasable if SHA256 is cracked

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