you continue to demonstrate your lack of understanding. bitcoin lost in an exchange hack is not hacked bitcoin. the network has not been compromised your personal security has.
storing bitcoin on an exchange is one of the most unsafe things you can do. When you deposit to a centralized exchange, you no longer hold the private keys to your bitcoin. it is essentially not yours.
The fastest super computer that currently exists has a maximum processing speed equivalent to 122.3 petaflops. The bitcoin network has processing power equated to almost 80.7 MILLION petaflops.
The bitcoin network has more hashing power than multiples of the world's fastest supercomputers combined.
I see. Storing bitcoin in a paper wallet is safe. Lol! Because bitcoin is the world most secure network according to you and everybody will want it so they will sell themselves into slavery to the 5% who have it all because that ledger entry is worth so much....
Yet you cannot argue a single point. All you can do is regurgitate the same stupidity you heard somewhere else...."It's really Secure", "It's deeeecentralized...derrrr"
It's backed by nothing, it's a ledger entry, it can be hacked if you choose to store it anywhere other than your personal piece of paper, (and don't lose that...) it's already mined out over 90% which is owned by less than 5% of the population not to mention a good portion of that 5% got it doing some of the worst shit imaginable. Yet you want to make this the currency of the future thereby handing everyone's freedoms to that less than 5%....
You still haven't answered me....what is your dollar backed by? Not to mention It's decreasing in value every time they print more. Do you know how much was printed in the last year alone? It seems like you don't, since you're so confident in it...
How much of your dollar is held by what percentage of the population? At least the supply of bitcoin cannot be inflated like your dollar can and is regularly. Do you really think your dollar is so pristine that no criminals use it? You're largely mistaken. The market capitalization of bitcoin is nothing compared to the dollar. I can guarantee you that more criminals deal in USD than BTC.
and you really should read more about the distribution model before you spew nonsensical trash. You have no clue what you're talking about.
You do not need to store bitcoin on a piece of paper to prevent from being hacked, more idiotic trash putting your ignorance on full display.
you continue to demonstrate your lack of understanding. bitcoin lost in an exchange hack is not hacked bitcoin. the network has not been compromised your personal security has.
storing bitcoin on an exchange is one of the most unsafe things you can do. When you deposit to a centralized exchange, you no longer hold the private keys to your bitcoin. it is essentially not yours.
The fastest super computer that currently exists has a maximum processing speed equivalent to 122.3 petaflops. The bitcoin network has processing power equated to almost 80.7 MILLION petaflops.
The bitcoin network has more hashing power than multiples of the world's fastest supercomputers combined.
I see. Storing bitcoin in a paper wallet is safe. Lol! Because bitcoin is the world most secure network according to you and everybody will want it so they will sell themselves into slavery to the 5% who have it all because that ledger entry is worth so much....
You sound like a complete moron. Bitcoin has freed me from slavery.
Yet you cannot argue a single point. All you can do is regurgitate the same stupidity you heard somewhere else...."It's really Secure", "It's deeeecentralized...derrrr"
It's backed by nothing, it's a ledger entry, it can be hacked if you choose to store it anywhere other than your personal piece of paper, (and don't lose that...) it's already mined out over 90% which is owned by less than 5% of the population not to mention a good portion of that 5% got it doing some of the worst shit imaginable. Yet you want to make this the currency of the future thereby handing everyone's freedoms to that less than 5%....
Right? Who is the moron here?
You still haven't answered me....what is your dollar backed by? Not to mention It's decreasing in value every time they print more. Do you know how much was printed in the last year alone? It seems like you don't, since you're so confident in it...
How much of your dollar is held by what percentage of the population? At least the supply of bitcoin cannot be inflated like your dollar can and is regularly. Do you really think your dollar is so pristine that no criminals use it? You're largely mistaken. The market capitalization of bitcoin is nothing compared to the dollar. I can guarantee you that more criminals deal in USD than BTC.
and you really should read more about the distribution model before you spew nonsensical trash. You have no clue what you're talking about.
You do not need to store bitcoin on a piece of paper to prevent from being hacked, more idiotic trash putting your ignorance on full display.