I don’t understand how to value it. I read that it takes lot of energy use to “mine” a bitcoin. Sounds like a lot pollution is required to mine them. Who controls that and what if they decide they will allow bitcoins to be mined with less energy? It just seems so arbitrary.
“Who controls that and what if they decide they will allow bitcoins to be mined with less energy? “
Controlled by a code setup by some dude years ago.
As more bitcoin are mined, more computations are required to mine the remaining.
As the code resides on MANY computers, changing the code would be an enormous undertaking.
“I don’t understand how to value it.”
Its value is determined only by whatever price people are willing to transfer it.
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