Post
Topic
Board Bitcoin Discussion
Re: why can't bitcoin be based on something that has value?
by
larry_vw_1955
on 29/06/2022, 22:51:11 UTC
Let’s say 1 litre of oil is 1$.
Why should bitcoin price be affected when oil price changes? Like when the idiots in power fight each other shooting the energy price up!!!
AND you picked out about 7 words out of an entire paragraph taking it completely out of context, but no need to worry.

here's another thing I realized about gold vs bitcoin maybe you have something to say about this: gold doesn't require any further maintenance costs after it has been mined and refined and put into a nice shiny gold block. bitcoin does. bitcoin requires an entire infrastructure behind it in to be in constant operation in order for it to be used. so in that sense, every bitcoin has an ongoing cost to the network whereas gold doesn't. gold is more environmentally friendly than bitcoin once it has been mined.