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Topic	How is cryptocurrency useful
Link HT 03/13/18 1:29:35 PM #23:	DoctorVader posted... Link HT posted... TheMarthKoopa posted... voldothegr8 posted... The only thing it's useful for is creating ponzi schemes. Why do people forget that mining is a thing Generating free money is a pretty useful thing it's completely cost ineffective energy wise and you're not creating any real value when you mine because coins are only worth what people will pay for them. There are coins that crashed are are now worth zero, mining them is basically generating garbage. Yeah, this is bullshit. lol Mining has a fixed cost and coins don't have fixed value. It's not hard to imagine a time when a coin is worth less than it cost to generate it. How is it bullshit if it's happened before with coins that crashed? There ARE people out there holding worthless coins that cost money to make, you just don't hear about them because this whole thing is ponzi scheme garbage filled with survivorship bias. --- http://i.imgur.com/Tx1FX.jpg <cite>Link HT posted [p:897723442] in How is cry... [t:76411358]...</cite> <quote><cite>DoctorVader posted...</cite> <quote><cite>Link HT posted...</cite> <quote><cite>TheMarthKoopa posted...</cite> <quote><cite>voldothegr8 posted...</cite> <quote>The only thing it's useful for is creating ponzi schemes.</quote> Why do people forget that mining is a thing Generating free money is a pretty useful thing</quote> it's completely cost ineffective energy wise and you're not creating any real value when you mine because coins are only worth what people will pay for them. There are coins that crashed are are now worth zero, mining them is basically generating garbage.</quote> Yeah, this is bullshit.</quote> lol Mining has a fixed cost and coins don't have fixed value. It's not hard to imagine a time when a coin is worth less than it cost to generate it. How is it bullshit if it's happened before with coins that crashed? There ARE people out there holding worthless coins that cost money to make, you just don't hear about them because this whole thing is ponzi scheme garbage filled with survivorship bias. --- http://i.imgur.com/Tx1FX.jpg</quote> ... Copied to Clipboard!
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