Nostr

mining is purely destructive. it turns useful energy into useless heat and ties up computational power that could be used by AI or for other purposes and in exchange it creates imaginary tokens.

in fact the entire purpose of mining was to prevent bitcoin from appreciating in value - it was meant to be digital gold - to have value that is stable overtime. but the creators of bitcoin underestimated how stupid and greedy people are and how eager to pump money into anything that is going up in value ( that is a ponzi pyramid ).

Dissident Sound 1y ago

it is far preferable to print money only when it is beneficial and at a rate deemed appropriate and to do so at zero cost than to to mine money at exorbitant cost in a way that is completely out of control of anybody.

the one downside of fiat is that it funds wars because no matter how much the war costs it can be instantly printed. bitcoin can't fund wars.

but that would actually be an upside if our country wasn't run by Jews who run wars for THEIR benefit instead of ours.

if white people were in charge of America it would have been a great benefit to be able to fight anybody anytime.

so the problem isn't fiat. the problem is JEWS.

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Discussion

Vermeil_Kisser 1y ago

Yes, the problem is your race and their demonic pets (niggers, poopjeets, etc).

That said, if money printing were to remain a thing, I would prefer it to be kept at a minimum.

Dissident Sound 1y ago

bitcoin doesn't stop money printing though.

and if you use money to buy stocks ( or even *gasp* bitcoin ) it shouldn't matter how much money is being printed.

Vermeil_Kisser 1y ago

Bitcoin is an alternative to relying on currency that can be printed onto infinity by retarded leftist governments.

And yes, I will invest my money one day. Probably by the end of the next year tbh.

Dissident Sound 1y ago

bitcoin is not an alternative to currency it's an alternative to stocks.

for example here is Tesla Stock

there was a time when it would have given you much better returns than bitcoin

at any given time there is some stock that will give you much better return that bitcoin

in the end it comes down to sentiment - you have to know how people will feel about something TOMORROW

that's what investing / trading is ...

Vermeil_Kisser 1y ago

It's an alternative to currency because it cannot be taxed or stolen from you by a faggot nigger loving judge.

No judge can freeze your bitcoin wallet.

Dissident Sound 1y ago

those are good reasons to hold bitcoin.

but they don't make it an alternative to currency.

Dissident Sound 1y ago

in other words in the end the only reason to hold bitcoin is if you want to break the law

which is why when i first heard about bitcoin back when it was just invented i thought it would get banned

now i honestly don't know what to think

morally i am opposed to mining but from practical perspective i can't say whether you should hold it or not either way

up to you