How to value Bitcoin

Tradex said:
Another crypto cheerleader.

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At least he's cheering for the winning team...
 
That's a blatant lie

https://www.gemini.com/cryptopedia/...e-hacked#section-early-bitcoin-exchange-hacks

johnarb said:
Bitcoin is the most secure monetary and payment network (clearinghouse, value settlement) that has never been hacked or stopped since inception

It is more valuable than Visa and Mastercard combined

It has surpassed the yearly transaction value of PayPal years ago

Its network effect is so powerful that the incumbents who used to shun it are now forced to adopt it into their systems, we're talking about Bank of New York, Square, PayPal, Venmo, Visa and Mastercard

There are no paid employees other than the miners who earn their income in bitcoin

It is open source and the software developers are not paid, neither are the over 100K operating nodes located worldwide

It is still growing, and anyone in the world can purchase a piece of the stock share denominated in the 100 millionth of a bitcoin called satoshis

https://bitcoinexchangeguide.com/bi...volume-surpasses-online-payment-giant-paypal/

https://ycharts.com/indicators/reports/bitcoin_statistics
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For what benefit really?

krugman25 said:
Imo, Bitcoin is trying to become a SoV, MoE, maybe a payment network. I don't think it's achieved any of those things today but then again it didn't even exist 13 years ago. Did anyone really think it would achieve those massive feats overnight? What it has done in terms of growth and adoption in its short 12 years is nothing short of historic.

What people value today is the network and its attributes: a decentralized, permissionless, ultra-secure network and the token allows you to own a share of that.
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Of course. A crypto transfer will exactly cost as much as a wire transfer today. None of this is thought through, only millennial and gen z bs.

NoahA said:
I actually like the fact that if I notice something on my credit card I didn't buy, I just call them up and they refund it right away. I earn points each time I use it, and I generally fly for free once a year, minus the taxes, with those points earned. Of course I pay my balance off every month, and all of this therefore doesn't cost me a thing.

What happens once all the coins are mined, somewhere around 2027 I think I read? How do the miners earn a fee? Will the fee drastically increase as a result in order to maintain the network?
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You can't trade a single bitcoin without exchange. Hence the second you move it out of your wallet you are exposed to exchange hacks.

johnarb said:
#Dunning-Kruger

You should educate yourself on what the difference is between the bitcoin network and the bitcoin exchanges before you confirm to everyone you're an ignorant dumbfuck

I won't respond on your other posts and I'll enjoy watching you keep posting your stupidity and inability to understand the complexities of Bitcoin
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DiceAreCast said:
...you are exposed to exchange hacks.
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The wallet is on my shelf. The USD bills in it cannot be hacked, and I do not need a password to hand the clerk in the 7-11 a fiver to buy a Snicker's bar.

So why is Crypto good? I gots enough heat on my head with Futures. Who the hell needs this crypto stuff on top of it, heh,
 
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