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Bitcoin needs approximately sundial time accuracy to operate. Computers have their own free running clocks which provide more than enough accuracy in the absence of other references, and NTP sources which are terrestrial rather than GPS based. nLockTime and other internal tools are not based on local clocks, as there’s absolutely no guarantee that anybody in ...


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However, why would anyone spend it if it is a store of value and the price is quickly going up, which make it bad as a currency? Exchange rate of BTC going up in terms of USD does not make it a bad currency. Other way to look at it is USD going down in terms of BTC or purchasing power. Consider an example: Alice has 10 BTC in cold storage and 1000 USD in ...


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