lol just lol...
you miss one thing,that is internet connection. yes i belive bitcoin is future payment for future people,because i think just people who know and want to know their future who will lead the future. 
Topic: "Bitcoin is backed by Math and Electricity" (Read 1120 times)
How about internet connection/nodes? Bitcoin network can't alive without full nodes & internet connection which connect all miners & nodes.
But, what backed bitcoin price? Community, miners or speculators?
But, what backed bitcoin price? Community, miners or speculators?
wat backs the fiat ponzi system, besides bs because we already know that
It's funny, but at the same time it is so true. To mine you need electricity and Bitcoin is pretty much based on maths.
It's nothing funny about this, it's very true. Satoshi knew exactly what to do and applied it perfectly. This is why Bitcoin is so popular.
isn't everything backed by math in this world, science itself is phisic also, so what's your point?
it's better than being backed by endless printing
it's better than being backed by endless printing
If you think a while about it, it is rather scary that money is not backed by anything. That makes it purely speculative and you cannot stand on solid ground. Well, that is the way it is.
Yes l get it it's like holy ghost you must believe it.. 
Not everybody believes in the holy ghost, but almost the entire world believes in the value of money.
That is what makes the world go around.
Nice graph.
yea graphs happen when your bored of the bandcamp drama of bitcoin and want to spend some time messing around doing something different
Nice graph.
yea graphs happen when your bored of the bandcamp drama of bitcoin and want to spend some time messing around doing something different
Nice graph.
bitcoins code is based on maths
bitcoins security of the code is based on electric and math
bitcoins emotional value is based on the security of funds(electric and math) and usefulness
bitcoins financial value is based on the speculation of emotional value and speculation
so bitcoin is backed by maths and electric.. but the financial value is a high percentage of speculation ontop the base value
bitcoins security of the code is based on electric and math
bitcoins emotional value is based on the security of funds(electric and math) and usefulness
bitcoins financial value is based on the speculation of emotional value and speculation
so bitcoin is backed by maths and electric.. but the financial value is a high percentage of speculation ontop the base value
lol just lol...
human are backed by oxygen and water.
Joke - I have no idea what this thread is about and why OP posted it...
If you think a while about it, it is rather scary that money is not backed by anything. That makes it purely speculative and you cannot stand on solid ground. Well, that is the way it is.
Yes l get it it's like holy ghost you must believe it.. 
If you think a while about it, it is rather scary that money is not backed by anything. That makes it purely speculative and you cannot stand on solid ground. Well, that is the way it is.
If price of mining rise then rise and btc?
But if there is no demand ..Mining will slow down..?
But if there is no demand ..Mining will slow down..?
My dog is also backed by me I guess based on your argument.
lol just lol...
human are backed by oxygen and water.
try again.
So what then making value for bitcoin? Electricity?
Or demand?
Or demand?
I'm not sure any type of money has to be inherently valuable. If two people decide that it represents something they've worked for, it's money. I think the "represented by electricity and math" argument is kinda wrong.
lol just lol...
backed by fun and pegged to the underlying comedy gold value. Oh wait that's Doge Coin.
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