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ClaudetteCC

(188 posts)

4. I never understood the value of the record of a transaction

Reply to lostincalifornia (Reply #1)

Wed Feb 4, 2026, 10:30 PM

Feb 2026

While capped at 21m it is really an electronic form of 'ledger paper.' Yes, I get hashes and blocks and chains of blocks and all that but I just don't see a conversion to dollars from that other than 'scarcity.'

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Highlight:

Bitcoin sinks after Treasury Secretary Bessent says US government can't tell banks to bail out crypto [View all] Yo_Mama_Been_Loggin Feb 2026 OP

No they shouldn't bailout that pseudo pyramid scheme. lostincalifornia Feb 2026 #1

I never understood the value of the record of a transaction ClaudetteCC Feb 2026 #4

Sure, it's just numbers in the cloud, but .... reACTIONary Feb 2026 #8

etherium has better use cases than bitcoin ClaudetteCC Feb 2026 #9

ETF's? At least.. reACTIONary Feb 2026 #14

Decentralized Applications or 'dApps' ClaudetteCC Feb 2026 #19

iirc etherium was designed specifically for dApp 'smart contracts' ClaudetteCC Feb 2026 #20

You forgot drugs and child porn.... nt Shipwack Feb 2026 #10

I stick with what I know.... reACTIONary Feb 2026 #12

So they hid all the QE in crypto bucolic_frolic Feb 2026 #2

It seems the price of 'homes' even with inflation ClaudetteCC Feb 2026 #5

Good point bucolic_frolic Feb 2026 #16

Sounds like dweller Feb 2026 #3

Crypto is simply canned air. It has no intrinsic value. All it will take is for one large holder to sell off a flashman13 Feb 2026 #6

Bitcoin has fallen 43% since its $126,000 all-time high back in October progree Feb 2026 #7

Well... OldBaldy1701E Feb 2026 #11

HA HA. pansypoo53219 Feb 2026 #13

"value destruction" of cryptocurrency has a nice ring to it. (nt) pat_k Feb 2026 #15

that means they will. Javaman Feb 2026 #17

That's the only reason bitcoin and other crypto started climbing after Trump took office. ChicagoTeamster Feb 2026 #18