Quote:
Originally Posted by holograph
How would you peg $7 to your mined bitcoin?
is it by time-stamp when it hit your wallet or when it was actually mined (issued) to a mining pool where you mine, or few milliseconds later when pool assigned it to your account?
That's rhetoric, an actual question is: when does any particular, mined bitcoin get their value? would it be safe to assume that bitcoins kept in storage before being used in actual transactions are valueless or unassigned? - reason being that no exchange of values have had happened yet and its value is undetermined. - does it make sense?
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only a very small % of people are mining them these days, people mostly buy them. you should know that. you could argue for those who are mining that when the coin is mined, at that current point it the value is has is whatever the coins are selling for currently. what do they do with gold when they mine that? does it have no worth when its pulled out of the ground? only when its finally sold?