Pulse of Truth

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

submitted 3 weeks 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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[–] DragonTypeWyvern@midwest.social 0 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

Yes, it has failed in its original claimed purpose, that's undeniable. Over the same time period even fucking Amazon gift cards have grown to be a better form of currency, even for anonymous crime, my personal former use case.

That's just a system failure no matter how much you like the idea of "what if money, but even easier to track, control, and steal once the feds woke up"

[–] musicalphysics@discuss.online 0 points 3 weeks ago

No, it hasn’t failed its original purpose. Bitcoin is the first currency of the modern era that the state hasn’t been able to destroy. That is an amazing achievement.

[–] musicalphysics@discuss.online 0 points 3 weeks ago

Bitcoin is easier to track, the ledger is public, but it isn’t easier to control or steal.