It’s worth exactly as much as the last person willing to buy it from you is offering for it.

You’re forgetting that the most valuable private keys are not stored online at all, not connected to any network, and therefore not easily stealable by traditional cracking methods. And most of the most valuable stashes have their private keys chopped up and split up so that you’d have to compromise multiple physical…

Once it reaches market cap of 21 trillion dollars, (it is how much rich people are hiding offshore) it will hang around 1 million dollar price. Gold, fiat - all can be confiscated by governments but no one can take bitcoins from you.

Umm, have you looked at the Bitcoin price today?

Lol “With its price dropping”

Please get a blogger that doesn’t hate crypto to write these articles. You clearly would prefer to be writing articles on splinter but drew the short straw to write these articles and are hastily reading wikipedia for info.

As an addendum mining is almost exclusively done on ASIC’s now because they are by an order of magnitude more efficient at solving the cryptographic block than a desktops GPU which was the previous standard. As ASIC rigs are dedicated to only mining a single form of cryptocurrency everything in the rig is custom…

You can hold my bag while I make a purchase at the Lambo dealer with my Bitcoin.

The price isn’t dropping tho

II was just thinking that I left out the fact that I was the biggest miners dropped out, it would likely be come more economical for smaller operations to get on board.

It is literally click bait titles. A quick google search brings up more balanced information on China’s stance on cryptocurrency mining.
China Won’t Ban Bitcoin Mining but Will Monitor Electricity Use

They don’t care, for some reason this company seems to have a grudge against anything cryptocurrency related. While it is a given that you should look at the whole thing with a healthy dose of skepticism you should also inform yourself before trying to publish content about something they have very limited knowledge…

It is ironic a tech site refuses to have its journalists even bother to learn about the subjects they are reporting on. While yes the Chinese gov is moving to make sure that miners are not given preferential treatment in competing for power they are not banning it.
It is also a fallacy that all the mining power is in…

Jesus Christ give it a rest. You guys don’t have any idea what you’re talking about, and it’s looking rather pathetic at this point.

The “problems” outlined are not problems at all. Let’s take them one by one:

Right, we get it, you REALLY don’t like bitcoin...

But saying bitcoin is dropping in price at this point sounds a lot like ... well a Trump tweet.

I’m not saying you guys have journalistic integrity, or actually try to research anything before posting articles about it... but you might consider at least taking the 5…

You beat me to it.

Dropping price? Bitcoin is up $1800 in the 24hr mark and up $2800 for the week. And the crypto market cap as a whole has hit a new ATH of $750BN. Are you really that retarded? Do you not do any fact checking before you write these articles?

Looking at venezuela’s currency makes me laugh at statements like these. The only reason governments can back currencies is if people have trust in the government.

Tell that to the people of Zimbabwe, Venezuela, or post WWII Hungary. It’s called hyperinflation and it’s what happens when a government goes into a debt tailspin.