Bitcoin's Worth?

[taketheshro]

Bitcoin's worth is what is so intriguing about it. Being the oldest blockchain, it holds value as a decentralized asset where it can benefit societys across the world. However, there are some concerns of TLS interceptions and some regards to that. If this currency is to become an asset, it most likely will be very beneficial to have a free internet. Section 702 and censorship may have impacted this due to other risks.

These times seem a lot like 1984 and animal farm. With the increase in technology, there comes costs.

I suggest people take the time to study bitcoin for what it actually is.

[logfiles]

I am sorry, what are TLS interceptions again, and how do these affect the Bitcoin network? Tried to read about it, but I still don't see how this show be a big issue to Bitcoin. Maybe i didn't get the point. In this current world order, that is being control by the capitalist nature of America and most of the so-called Civilized countries. Forget about free internet  But even then, Bitcoin has so far been so good

[IIrik11]

wait, is this financial advise or a warning from the future?

[Outhue]

At first I thought you are about to talk about quantum computer since this days it's what majority of newbies are saying about Bitcoin not been perfect and possible future problem but you bring up TLS?

Do you even know what this is? Most Web traffic is secured using TLS, the inspection part has everything to do with Web applications control and also malware scanning, this has nothing to do with Bitcoin. I think you need some research to be done about Bitcoin and blockchain first before you start creating topics about Bitcoin, I know that nothing is perfect in this human world but Bitcoin has done its purpose very well.

[₿itcoin]

TLS boogeyman? ? No man. That is not of the utmost importance to the Bitcoin openwork , you know core now ships encrypted P2P, somethin like BIP324 by default, which imo make cutbacks in spoofing & fingerprinting & makes omnipresent surveillance more difficult, he he. Also you win back affordable private routing when you consolidate that with stablished Tor suport, its .onion peers or hidden services. moreover Blockstream Satellite push on with to beam the chain globally even if the internet gets spicy. so the stack is so far levelling up against Big Brother, so sure study Bitcoin.

[SilverCryptoBullet]

Bitcoin's worth is what is so intriguing about it. Being the oldest blockchain, it holds value as a decentralized asset where it can benefit societys across the world.

Bitcoin is here, and if you can accept it, you can use it as well as add it to your wealth building portfolio so that Bitcoin will surely help you building up your individual wealth very good.

However, the world is massive and there are many problems need to be solved by governments and the people so Bitcoin can not help nations, governments, all people if they don't change their governmental systems and themselves. Bitcoin can help but it is not a silver bullet to help solving everything in this planet, in all broken systems or in all societies.

The bullish case for Bitcoin.

[Itty Bitty]

I guess with each new ATH it's in price discovery mode, so it's worth is in the eye of the beholder?

I can say this, however, the more non-transactional data and jpeg the bitcoin blockchain stores (i.e. spam spam spam) the less it will be worth, because storage of data and jpeg's are not the significant breakthrough needed to become a "player" in the $900 trillion market that money and debt are.

However, it appears to be physically impossible to stop all spammy data. Smart people will have to find a compromise if they don't want the value of the chain to sink.

Sort of like the law. Make laws too stringent, then the extreme percentage of law enforcement will inevitably abuse regular folks. Make laws too loose, the extreme percentage of society will abuse regular folks. Some things in life are just not black or white, got to find a happy middle ground, thank goodness for Democrats AND Republicans (the world outside the US doesn't matter).

[franky1]

I guess with each new ATH it's in price discovery mode, so it's worth is in the eye of the beholder?

the market speculation is one layer.. however there is real $$ value holding it up at a certain level below the market

imagine the cheapest most efficient way to mine bitcoin on the entire planet.
no one can mine any cheaper
no one will thus want to sell any cheaper.. thus this becomes the base value support of bitcoin.
above this is the market speculation

at this moment using current gen asics the base value sits at $76k, and speculated upto $124k so far
but currently sits on the market at $109k

now if you want a reasonable association with the most possible peak it could speculate upto right now
look at the most inefficient mining cost, this is where everyone on the planet can mine for less, which is about $420k,
meaning no one will want to buy for more in a FOMO situation.
this theory has been tested in the last few ATH of the last 12 years and held true. the market speculates between the tops and bottoms of the efficiency window of mining costs worldwide


                    recent
                     peak
$0                   v                                            $420k
    ||||||||||||||||||||||||||||||||||||||||||
                   ^
                 now

no one can predict the price on the daily.
no one can predict the precise time or day of the next top ATH of this cycle, but going by the last few cycles. its been around 1.5 years after a halving, thus not yet have we experienced this cycles true speculative test of the top of this cycle, but its coming soon in the next few months

but we can atleast be strongly sure the base value support of the market is above $76k and top last resistance is $420k right now
everything inbetween is speculation

if the hashrate or mining cost efficiency/inefficiency changes, this window of speculation changes too, so keep that in mind