Quote from: Hueristic on August 10, 2018, 11:30:32 PM

Quote from: samson on August 10, 2018, 11:21:41 PM

Quote from: Hueristic on August 10, 2018, 11:08:20 PM

Bitcoin has literally never had a value of zero, ever.
It is possible it may one day but we have never seen that day.
Everything is worth what someone will pay for it.

Until the first transaction it has no value. No market value anyway.

A debatable point, I postulate that if it no value then there would have never been a second block and if it ever dropped to zero value then there would never be another block. Tongue

Of course for that to happen something huge like QC that breaks the algo and manages to create enough free coins and dump the market to nothing while also hiding that fact so that a different algo could nt be forked in. It would take the planning of a computing super power nation state (or a combination of them). And I would argue that none would ever do so as it is easier and more effective to co-op the chain.

Exactly, if people were willing to expend electricity to mine BTC in the early days, then it did have value. Electricity is not free. Nor was the wear and tear on the CPU.