|
[QUOTE=cockerpunk;12369838
and since no actual economic forces are at play, no utility has been generated, no goods produced and no services rendered, its economically a dead end. in fact, it has negative utility because it costs you computer hardware and power to mint the coins, so it has an only negative value economically.
.[/QUOTE]
This is very true. Latest estimates are about 155,000 KwH mine one coin today, or about 15 years worth of electricity for the average house. Just a colossal waste of resources for nothing. Who do you think Satoshi really is? CIA?
__________________
1957 Speedster, 1965 356SC, 1965 356SC Outlaw, 1972 911T, 1998 993 C2S, 2018 Targa 4 GTS, 2014 Cayenne S, 2016 Boxster Spyder, 2025 Ranger Raptor
|