đź‘Ź US SEC approves bitcoin ETFs in watershed for crypto market đź‘Ź
(www.reuters.com)
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How’s this any different than any stock?
While Bitcoin is all digital, the value for it is completely legitimate.
What makes gold valuable PRIMARILY?
What makes BTC valuable PRIMARILY?
What does “privacy” mean with BTC?
How is BTC stored? On a server? Can a server be seized?
You dont see any othee primary value in just Gold (excluding other metals?) Electrical conductivity, thermal properties, antiseptic properties. The fact that it makes up part of the microchip that the BTC exists - perhaps it has more value than the BTC itself, considering it gives it life.
It doesn’t even need energy to exists once it has been mined and really, small scaled mining (panning) doesn’t take much human energy.
Jewelry isn’t really a practical use in my opinion.
Re: privacy.
While BTC itself is traceable, it is very easy to store BTC in a fresh wallet that has no history to it, and thus making it effectively impossible to know who owns it. The exact reason we still don’t know who Satoshi is still.
Re: storage
It’s stored on the public ledger. Not on any server or computer. Your wallet (which is your permission to the ledger that you own the coins within X wallet) can be stored on a piece of paper in your wallet if you want (don’t recommend it, but it literally can).
Re: value
Obviously gold has other variables that make it valuable, as does bitcoin…. These are just the most prominent reasons why gold and BTC are as valuable as they are.
“Of course it has value. I’m not arguing that. The simple fact it CAN be seized is my point. I will say though, BTC has out performed gold since it came into existence, and is far more valuable”
BTC needs a device and an account to transact, correct? You can store it on a server if you want to physically put it somewhere, correct?
Is the wallet not hackable now or some day in the future? Perhaps hacking capabilities haven’t been revealed as the trust is being built in the technology and more people are being persuaded to join. Any device can be seized. Any account can be hacked. Nothing is safe on the web. Metadata alone reveals more than we truly know.
That’s another good point, it’s man-made. Man can make more. Man can’t make Gold.
The whole BTC technology seems like more of a trap than a future currency. Meanwhile, all these pop-up companies have been buying up gold for quite some time now.
I wanted to believe in BTC but I just don’t see it. Anything on the public exchange is there for manipulation. BTC out performing gold really means nothing unless you capitalized on the gains and turn it into something useful. The market is there for the sharks to play with the guppies. It’s just a bunch of super-computers fighting for the best trade. Wait until they come for BTC.