This would be a very banksy move if it ended up happening.
Even worse fate for cryptobros than Bitcoin deleting itself: people actually realizing that digital hashes don’t have real value.
Mind you this applies to regular money too.
Real money is backed by a country’s respective economy - its an IOU from the government
Bitcoin is an IOU backed by nothing
That’s pretty rudimentary but it explains it
Real money is backed by a country’s respective economy
True.
its an IOU from the government
False.
An IOU from the government is a bond.
I understand that’s a bond
The dollar is representative of the work you contributed to the economy
The dollar is representative of the work you contributed to the economy
If that’s true, nobody on Social Security Disability would be getting money.
Zimbabwe fucking enters the chat
And NFT’s are the receipts.
Mind you this applies to regular money too.
No, you can use regular money to pay taxes and demand that it be accepted for all debts private and public. The same isn’t true of Bitcoin
Oh you can definitely demand people take your bitcoin. You’ll just look like a huge twat while doing so and people will rightfully laugh at you ;)
Well maybe you can but I don’t have a mall katana ;)
This is such a dumb argument cause it literally takes seconds to convert BTC to fiat. You can buy whatever you want with bitcoin.
Incorrect. You can not buy how little I care for any amount of Bitcoin.
I want proof, where’s the source code?
Due to the quality of the facts, I assume proof will be hard to find.
This is what we get for going to the bargain facts store
deleted by creator
This is a satire account
source is on github but good luck finding that line for yourself
If someone says something that a lot of people want to be true with no evidence… it ain’t true.
I want that to be true. I’ll take your word for it. 😊
All cryptocurrency isn’t stiricrly based off of magic and mysterious bitcoin code.
Even if there was code that made the coin erase itself, it would have been found and fixed (or abandoned for a new and better blockchain coin a’la Ethereum or Monero).
Well there is a limit of mining, every new digit is 16 times harder to make, there are just 2 or 3 digits left.
This was made with growth and inflation in mind so the currency last like 60-80 years but they didn’t predict giant farms using entire powerplants of energy, so basically 50 years of bitcoin was shortened to the last 5. The thing is profitability as miners have to make an entire 28 bit hash at random wasting dozens of GPU in exchange of less money of what they cost so the prizes must be risen even more making it even more centralized (also lowering the price for every other holder)
This is almost poetic As bitcoin approaches its end only the top miners are allowed to continue increasing the risk of the death which is 51% attack, if some of the final miners will unite and reach 51% at this point they can cash out the entire currency and make it look that the price falls to zero.
Dear God, Cthulhu, Flying Spaghetti Monster, Shiva, Tiny Baby Jesus in His crib
All I ask for the next 2 years is universal healthcare, Henry Kissinger to die an embarrassing death, and this to be true
Please tell me someone here can point out the actual source for this fun fact.
I think it’s made up.
Even if true. Bitcoin isn’t Bitcoin anymore. That’s why there’s BTC classic and so on.
Bitcoin is still Bitcoin. Bitcoin classic, Bitcoin Cash, Bitcoin SV, Bitcoin gold… All are just garbage scams forking off Bitcoin
April fools!
God I wish
If it were true it’d be removed before then anyway.
Yup. This is the basis for a trustless system - you can reasonably bank on the idea that, if there were some self-deletion clause, a bunch of people with vested interests would go ‘huh. let’s change that so that our bitcoin still has value.’
“cOdE iS lAw” “uNcHaNgAbLe”
