How does the level of competition among Bitcoin mining pools affect the network's security and decentralization?

Nov 29, 2023 ... From a purely mathematical standpoint, "value" is determined by how much someone will pay for it. (Bid/Ask amounts determine the current market ... Apr 24, 2025 ... ... view that Bitcoin shouldn't be measured in USD, but rather by the value it brings as a new monetary system. How does cryptocurrency work? Apr 17, 2018 ... What fiat money is not good at is being able to store value for the future (In the book, this concept is called salability across scales, ... Jun 1, 2022 ... What is the “fundamental value” of Bitcoin? In this paper we aim to build a framework that permits to answer this question. First step of our ... Jan 16, 2020 ... We find that social sentiment gives a good estimate of how future Bitcoin values may move. We achieve the lowest test RMSE of 434.87 using ... Jan 1, 2018 ... In colloquial terms, that means they are not “real” money: what has no value can have any price. Some Bitcoin enthusiasts frame its ... It has no intrinsic value and is not backed by anything. Bitcoin devotees will tell you that, like gold, its value comes from its scarcity—Bitcoin's ... Bitcoin derives its value in the same way any currency does: by fulfilling the six characteristics of money. Those characteristics are: durability, ... Apr 10, 2025 ... What gives Bitcoin its value? From security to scarcity — here's why Bitcoin matters. Learn more. Jan 10, 2022 ... Bank deposits have value because they are convertible into fiat money. So, what gives digital money value? Cryptocurrencies such as Bitcoin are ...