Looking at the operating cost of Bitcoin mining (hardware, maintenance, electricity), which is crucial for its network security, I tend to believe it only continues to work, if money enters the game continually.
It looks more like a kind of pyramid scheme than an investment.
But until it fails, people will have the chance to make money with it and tell about it, drawing in new ‘investors’.
- 0 Posts
- 3 Comments
Joined 2 years ago
Cake day: October 24th, 2023
You are not logged in. If you use a Fediverse account that is able to follow users, you can follow this user.
zergtoshi@lemmy.worldto
Linux@lemmy.ml•KDE Linux (Immutable Distro) Thoughts so farEnglish
8·13 days agoI can relate. I installed Bazzite, because I wanted a solution which works with my Nvidia GPU out of the box.
Now it’s my daily driver.

I agree with that assessment.
Bitcoin is just another tool to move money from uneducated people with fomo to those who hold the strings.
Technically it’s obsolete, but I’m glad it paved the ground for some innovative approaches to transfer value anonymously or very fast and with cheap transaction fees or even no fees at all.