Hacker News new | ask | show | jobs
by drekk 1605 days ago
You can reverse it, it's called a 51% attack. It's also too volatile to transact with. If I have $100 today I know it's not going to be $90 next week, then $65 the following, then $250 after that. This also makes it a shitty store of value.

Just be honest with what it is — a speculative asset everyone is hoping to get in "on the ground floor of". It only has value today because you can convert it to fiat, do you really think people would still use it if that were to change?