Pulse of Truth

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Someone just burned $8 million of bitcoin (protos.com)

submitted 1 week ago by lemmydev2@infosec.pub to c/pulse_of_truth@infosec.pub

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More than 107 BTC are now provably burned from the supply until someone invents a cryptographically relevant quantum computer. The post Someone just burned $8 million of bitcoin appeared first on Protos.

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[–] Rothe@piefed.social 0 points 1 week ago (2 children)

It is not worth that. It is what speculators might pay for it. It has no inherent value in itself besides speculation. It is pure gambling and the world will be a better place if it completely crashes and burns.

[–] musicalphysics@discuss.online 0 points 1 week ago

Bitcoin has been traded for how many years now? You can deny reality all you want but it doesn’t make it true. Do you think state mandated currencies have inherent value? Seriously?

[–] Gladaed@feddit.org 0 points 1 week ago

Holding it is gambling. So is holding a current gen IPhone. Putting it in a shredder instead of selling it and doing something productive is wasteful and harmful and may even increase value of other similar things.