This is a media headline for a slow news day
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
pje16 wrote:just what sort of state will it be in after a decade of damp and other sludge working it's way into it
This is a media headline for a slow news day
The price of Bitcoin, I guess. Despite recent drops.Urbandreamer wrote:Didn't the BBC report this back in 2013?
I'm sure that they did. What's changed? Err.........
Not a lot.
Rehashing a Bitcoin story?Urbandreamer wrote:
Didn't the BBC report this back in 2013?
Yes I remember it from way back then.Urbandreamer wrote:Didn't the BBC report this back in 2013?
I'm sure that they did. What's changed? Err.........
Not a lot.
Why does there need to be any "back story" to explain it? I simply think the story is the story.Mike4 wrote:At the time I think, just from memory, one Bitcoin was worth about £4k. So 'accidentally' throwing out 8,000 of them worth £32m even back then, seems beyond stupid.
My gut feeling is there must be a back story of some sort not being mentioned.
may I humbly suggest you have omitted the word "non" twiceXFool wrote: Why does there need to be any "back story" to explain it? I simply think the story is the story.
For the reason explained in my post you quoted.XFool wrote:Why does there need to be any "back story" to explain it? I simply think the story is the story.Mike4 wrote:At the time I think, just from memory, one Bitcoin was worth about £4k. So 'accidentally' throwing out 8,000 of them worth £32m even back then, seems beyond stupid.
My gut feeling is there must be a back story of some sort not being mentioned.
Here you go:Mike4 wrote:For the reason explained in my post you quoted.XFool wrote:Why does there need to be any "back story" to explain it? I simply think the story is the story.
If I had something worth £32m lying around, I'm totally 100% sure I would not 'accidentally' put it in the bin.
yes. Edit, somebody, presumably the 'inventor' of bitcoin, mined about a million of them (from memory) in the very early days (when a zx spectrum could mine). They have never been touched. All is logged on the blockchain. They've presumably either lost the keys or think the price is still too low...Bubblesofearth wrote:Does this mean that the pool of available bitcoins will decrease over time as they are lost?
BoE
A qualified yes, as new BC are being mined all the time, adding to those in existence.NotSure wrote:yes. Edit, somebody, presumably the 'inventor' of bitcoin, mined about a million of them (from memory) in the very early days (when a zx spectrum could mine). They have never been touched. All is logged on the blockchain. they've presumably either lost the keys or think the price is still too low...Bubblesofearth wrote:Does this mean that the pool of available bitcoins will decrease over time as they are lost?
BoE
So advocates of Bitcoin becoming the Global currency believe that not only will Governments abandon monetary control but will also accept a currency that will be more strongly deflationary than gold. If so then I can understand why no-one will want to touch their Bitcoin holdings.NotSure wrote:
yes. Edit, somebody, presumably the 'inventor' of bitcoin, mined about a million of them (from memory) in the very early days (when a zx spectrum could mine). They have never been touched. All is logged on the blockchain. They've presumably either lost the keys or think the price is still too low...