Not nothing... a stable productive country backs those currencies.
Lost Bitcoins Man is still trying
- Thread starter SexyGreyFox
- Start date
it does? 2008 and all the other times are calling
One of these graphs is beating inflation, the other has consistently been losing value.
a proven track record of out performing the Great British Pound in value in relation to the USD.
Our currency is backed by a country in reccession and a party thats fiscal responsibility promise was utter nonsense.
For the record I don't hold crypto as an investment. but It's really no different to investing into anything else these days. unless your talking physical items that are worth money for the material they are made of)
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Or shares that are worth a portion or a real company or derivatives that are directly linked to the value of a particular share or physical commodity etc.
So it's actually rather different to investing in rather a lot of things, not to mention that even in the case of currencies and debt instruments denominated in those currencies and various derivatives of those things are somewhat different too in so far as real currencies are often legally required for paying taxation/settling debts and often for doing business in their country of origin (or indeed sometimes third-party countries that have adopted them too) so there's a bit more to them than some "currency" people just made up and the main use of which is simply to gamble/speculate with others.
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they aren't though are they, they are linked to future earnings not what the business is worth.
It's not like the Gold Standard, it's just gambling with more data points
Is BTC a currency of multiple countries still?
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shares are partial ownership of a company that's pretty clearly defined in law and derivatives have a direct link to what the underlying equity or commodity is worth, it's literally in the contract
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it doesn't protect the value of the share, its just a piece of paper with no nominal value, other than what it was issued for.
people trade them speculatively at many hundred times earnings in some cases.
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What doesn't protect the value of the share? What are you trying to refute here? This is going well off-topic now so perhaps just get to the point - if you think there is something incorrect in what I've said then state it clearly else this is just pointless.
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Soldato
surely the bitcoins are not stored on the laptop they are on the blockchain? He just needs his recovery phrase. If he remembers his creds and can import the wallet from the blockchain on a new computer?
Soldato
Exactly - but he can't and the private key is on the laptop.
Remember the use of "wallet words" is relatively recent - before that you had to write down/copy a key like: E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262
PS - not my private key
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Associate
i sold 70000 dogecoin that i mined years ago, then sold for around 140 euros a few years back, just checked and worth over 10k.
Correct but that's what people are referring to re: wallets etc.. they're for storing the keys, obviously all of the bitcoin that exists is still there publicly on the ledger, when people have lost their bitcoin they've lost the keys to it.
Soldato
- Joined
- 25 Nov 2005
- Posts
- 12,611
It's estimated around 6million BTC is lost, number will probably rise as well because there's always going to be folk who fall prey to the unliving disease of life who will not tell anyone or have written down how to access their own private stash
and he's still on about it
Bitcoin: Newport man says binned hard drive now worth £569m
James Howells believes his lost hard drive, which contains 8,000 Bitcoins, is in a landfill site.
www.bbc.co.uk
Soldato
and he's still on about it
Bitcoin: Newport man says binned hard drive now worth £569m
James Howells believes his lost hard drive, which contains 8,000 Bitcoins, is in a landfill site.www.bbc.co.uk
It will end up killing him unless he is able to find a way to move on.
I do think the council should just let him look for it though. What's the harm.
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@kindai I can make sure you don't become this statistic, free of charge. Just DM private key
Soldato
pretty much this.
i feel extraordinarily sorry for the fella but he has to accept he's never getting them back. and this nonsense of suing the council for the supposed value isn't going to do him any good at all - he'll be laughed out of court, not that i imagine it will even get that far.
Soldato
I binned a perfectly good chicken once, can I sue the council?