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RE: A trader just made a million dollar bet that Bitcoin would be over $50k by the end of 2018

in #bitcoin7 years ago

Can you give 1 real usefull application that is not situated in the crypto world itself ? Apart from Steemit (that is still very techy) I don't know any.

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Ok this looks like an interesting idea for blockchain. But why does the coin/token behind it need a 'value' ? I was not stating it right before. blockchain itself can be very usefull but why is the intrinsic value needed of the chain itself ?

Electricity and good internet cost money I think you need to incentivise people to secure the network and to process the data.

With the value of bitcoin coming from the proof of work and how secure the network is.

If you wanted to have a private block chain you wouldn't need to have a $ value but then it wouldn't be as good.

Think internet or intranet

I agree there need to be some payment for mining/witnessing

With NEM you get paid (not directly) for letting people securely host files, send messages etc.
https://gladius.io/ is quite an interesting ICO as it's aiming to pay people for sharing there bandwidth.

I don't like ICO's but the concept is nice.