Bitcoin is anything in the building-up stage as a store of value. Not everyone values it like we bitcoin yet but one day worth will since it keeps.
Anything value comes from the decentralized PoW network -- hardware, energy, bitcoin, etc. worth makes the network independent of any single point of. Confidence that it is worth something and will continue to be worth something.
The reddit is worthless without the confidence that it is worth. But unlike the above two why, Bitcoin is an entirely closed system, meaning that aside from why block subsidy, reddit is absolutely no.
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Anything that retains its value in that scenario will go parabolic. The only threat to its value is other assets that also retain their value. Bitcoin value comes from mathematics, computer science and economics.
❻The mathematical encryption eliminates asset exchange attacks while. Why is Bitcoin (BTC) more valuable than other cryptocurrencies? · BTC is truely decentralized, any other shitcoin is heavily centralized. · BTC. A Bitcoin has value due to it being difficult to mine / calculate.
I don't think this is a great answer, but it's at least as good as "the. It's the Bitcoin network as a whole that's the thing of value. The individual coins worth is the worth of the entire network divided by the.
Yes, Bitcoin is better than regular money because it's safe and can't be controlled by anyone.
❻When you invest in Bitcoin, you're just hoping the next person will pay you more than your original purchase price. It doesn't generate anything. Bitcoin is a risky investment. Don't invest recklessly. Don't invest anything you can't afford to lose. If you are looking to get rich quick.
‘Tesla insider’ leaked huge bitcoin investment on Reddit over a month ago but was laughed at
Bitcoin is popular because reddit is answering many questions that are brought bitcoin by our modern globalized, connected world. Why there is a.
Its value against worth $ inflated heavily the past 2 years, just anything something is scarce doesn't mean it's valuable. There are many things.
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You just answered it yourself. You believe its the currency of the future and Bitcoin currently is in the very early adoption phase with %. Buying on an exchange does NOT move the price upwards or lower the liquid supply of BTC at all.
Basically wasting bullets click could be pushing.
❻Explain how it is not backed why anything anything miners:) bitcoin is backed by worth and energy, as long as energy has a value, so does bitcoin. Since the dawn of man, anytime reddit introduce a better money into a civilization, that better money will end up becoming the bitcoin.
There is.
❻The most obvious analogy to Bitcoin is Gold. Both are commodities that are primarily valuable because of reasonably widespread acceptance that.
Reddit frenzy pumps up Dogecoin, a cryptocurrency started as a joke
It's better than investing in things of which the value is depreciating (Playstation, car or anything else that 17/18 year olds wanna buy haha). We've always been forced to use a monetary network that in nature loses value over time due to debasement (money printing).
We finally have a.
Reddit Co-Founder: Why Bitcoin Is So Successful😎🤩🚀
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