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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
Quote from: DumbFruit on October 23, 2014, 05:23:43 PM
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 :
Quote from: redsn0w on October 23, 2014, 05:18:48 PM
This is only my personal opinion ,
the actual value/price of bitcoin is correlated to the PoW system
That's sure .