31 Jan '17, 9pm

Those Who Say Bitcoin Has No Intrinsic Value Need to Imbibe the Gospel of True Education

Those Who Say Bitcoin Has No Intrinsic Value Need to Imbibe the Gospel of True Education

Bitocin (with a capital "B") is protocol-based network. In that regard, it is similar to the Internet - another protocol based network. Bitcoin uses "consensus algorithms" that facilitate network participants in agreeing on the state of affairs in the network. In that regard, it is like a large digital democracy, cum global network computer. This global network computer needs applications to run on it (like the Internet). The first (popular) applications on the Internet were FTP and email. The first application on the Bitcoin network is also (thus far) the most well known. That application is a digital currency called bitcoin (with a lower-case "b"). It is "b"itcoin that many attempt to value and evaluate, but they don't realize it. Because of that misconception, they fail to see the whole value. You see, the full value of bitcoin cannot be separated from that of Bitcoin -...

Full article: http://www.zerohedge.com/news/2017-01-31/those-who-say-bi...

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