Quote:
Originally Posted by Paul T
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?
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its funny cause all the proponents of these coins are all hell bent on saying the dollar isnt worth anything because its not backed by anything.
and then they back a coin that literally produces only negative economic activity, and nothing of positive value.
you can say a lot about nationalized fiat currencies, sure, but at least they measure actual economic exchange and values. like actual utility changes hands in them. so that makes them infinitely more *real* than any of these coins.
they are all gold standard this, and gold standard that, but then think real economic activity happens in a total fiction, backed by nothing, that doesn't even measure *any* economic exchange. you buy them, and sell them. nothing of value changes hands. it has no utility.
its even more fiat than the fiat currencies they claim to be replacing.
its just so obviously a scam. its just so obviously an MLM for men.
like i wasnt born yesterday, you dont get rich doing nothing. bitcoin sells the notion that you can. and your certainly making someone rich, but they are doing the work, selling you the MLM.