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Fierce! Joe Bonamassa & Tina Guo: "Woke Up Dreaming" - Live From Carnegie Hall

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Wendell Zurkowitz ((slave to the waffle light))6/12/2017 7:37:27 am PDT

re: #84 wheat-dogg

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As for Bitcoin, I would argue that computational power does not determine its worth, but only the quantity you may have stored in your computer system. Bitcoin values have risen from $200 last year to over $3000 in recent days, and those prices have no connection to computational power, which has not seen similar spikes. There are other factors affecting Bitcoin values, including simple speculation and growing interest within traditional financial markets in the technology.

Turns out that the recent WannaCry ransomware attack was more about manipulating bitcoin values than about obtaining money: by forcing people to open bitcoin wallets, they temporarily drove up the value, which certain investors took advantage of.