Post
Topic
Board Bitcoin Discussion
Re: $5000 per coin will never happen if PoW mining is allowed to continue
by
redsn0w
on 23/10/2014, 17:25:53 UTC
Would people stop saying that somehow PoW imputes value into the coin because of it's costs? That reflects about 12th century economic thinking and is embarrassing to read.

http://en.wikipedia.org/wiki/Labor_theory_of_value

I've told PoW = mining , asic , cost of electricity, etc....  And I also told :



This is  only my personal opinion , the  actual value/price of bitcoin is correlated to the PoW system Wink That's sure .