Post
Topic
Board Beginners & Help
Re: Do Bitcoins need something REAL to back them?
by
gweedo
on 19/04/2013, 01:24:13 UTC
Lol do you seriously dont get my point?
For me to OWN a bitcoin I have to put my faith in it that some other person would value it as much as I did, otherwise I loose. Lets say a bitcoin 2.0 gets online with much better properties making your bitcoin 1.0 worthless. If I own Stored energy, I can USE it to something like powering my computer, TV, cooking plate, powering ASICs performing protein folding, (not useless shit like double SHA-256 hashing Tongue )..

Do you still dont get it??

So for me own a dollar the same would have to be true, that is true in any currency. Your energy currency theory is still under the same law. What if one computer requires X energy to be powered. Yet computer 2 requires X+1 energy.