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re: Bitcoins were hacked yesterday?
Posted on 4/4/13 at 2:31 pm to C
Posted on 4/4/13 at 2:31 pm to C
quote:
why do you say that? Why is a hash different than words in a book?
IMO, IP like a book or even an idea has value because it entertains, instructs, and/or explains events that happened in the real world.
The information that makes up a bitcoin does none of this. It only has value within the confines of the BC network.
I can write a book from scratch (even a crappy one) that someone would possibly buy. If I use a random number generator to produce hash tags the network will reject them as worthless.
2
Posted on 4/4/13 at 2:59 pm to ZereauxSum
3 pages and no wiki..ermergerd
Posted on 4/4/13 at 3:15 pm to ZereauxSum
quote:But IP can be copied, and it only retains value through laws and artificial scarcity. Bitcoins are scarce through fundamental mathematical laws of the universe, and they have value as long as someone is willing to accept them.
IMO, IP like a book or even an idea has value because it entertains, instructs, and/or explains events that happened in the real world.
quote:That's kind of the point.
I can write a book from scratch (even a crappy one) that someone would possibly buy. If I use a random number generator to produce hash tags the network will reject them as worthless.
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