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cheschireyesterday at 1:46 AM3 repliesview on HN

Unless they didn’t.

There’s nothing inherently valuable about crypto beyond what value people assign to it in their minds.


Replies

krupanyesterday at 1:51 AM

Same with all money. Please research more before parroting this argument. You are not the first person to think of it.

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palatayesterday at 10:42 AM

But that's irrelevant to the question above. The question asks "isn't [this attack] the same as saying that if everybody agrees that the USD is worthless, then it is worthless?".

The answer is "no, it's not the same". The attack does not require everybody to agree that the bitcoin is worthless.

Obviously if everybody agrees that the bitcoin is worthless, then it is worthless. But that's a separate topic.

ycombinatrixyesterday at 6:31 AM

Okay, fine. Everyone involved** agrees that mining the next block is valuable.