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An Update on Bitcoin

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posted on Aug, 16 2014 @ 05:43 PM
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a reply to: ChesterJohn

BTC's value comes from the algorithm/program that it is build on. Basically, the value of numbers, in a math problem, that is dynamic, ever changing, that needs a super-computer to keep solving it. Thus requiring great energy - electricity. So I guess you could say it's value is based in the generating of numbers trough the requirement of high power/energy.

I found some articles that should explain it better:

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edit on 16-8-2014 by Odyssian because: (no reason given)




posted on Aug, 16 2014 @ 07:51 PM
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a reply to: MessageforAll

Well, thank you for the honest answers.

I happen to believe that if he is making a good living doing what he's doing, good for him; he's earned it.

I think this is a matter of intuition. I trust mine and it tells me he is passionate about liberty and I thank God we have him.



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