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Bitcoin will never go to zero. Why? There are too many billionaires that will buy the total available supply long before it can get to $0.
0n a long enought time line bitcoin, in its current form at least, will 100% be worthless. That day is when its cryptographic backbone is either broken or surpassed by computing capacity to break the public / private keys.
Earlier quoted context omitted.
> absolutely nothing of value would be lost really if this happened You're wrong: all the nocoiners on HN would be robbed of an opportunity to cringe every time BTC is mentioned on the site.
Nah, we could still continue to laugh at it like we laugh at beanie babies... Or tulip mania.
Then I can finally afford to buy that graphics card
Bitcoin mining hasn't relied on graphics cards in years. SHA2 calculations are highly amenable to ASIC speedups, so ASICs took over Bitcoin mining pretty early in its history.
But like other commodities can it go to negative 0?
It would be surreal, but if the IRS is given hope that it's a way to get people scared of btc, and that the KYC data all these exchanges have allow accurate enough accounting and tracking, they would do it, givin all sort of explanation as to why the new taxation rules are needed.
[1] https://www.fitchratings.com/research/fund-asset-managers/st...
Slightly off topic, but does economist never give the author of the article? There isn't one on this. One name mentioned on the cover art is I think the painter of the art. I find it weird that no author is mentioned.