Truly don't understand these comments. Ok, Bitcoin is worthless. So what isn't worthless? Bitcoin is nothing more than a distributed ledger maintained by pretty ingenious network design incentivized by a reward worth 117k USD to produce a valid block every 10 minutes.
That's what the market is willing to pay. Very simple.
Bitcoin mining is currently much more profitable than Gold mining and infinitely more liquid.
Sure, you could get job and make widgets for fiat or do investing to make fiat. There will always be ways to get new fiat. There is only one way to get new Bitcoin.
Bitcoin is the coolest invention in over a decade and it's barely started.
redditticktock t1_j3v6ngx wrote
Reply to comment by celtic1888 in Coinbase to slash 20% of workforce in second major round of job cuts by ChocolateTsar
Truly don't understand these comments. Ok, Bitcoin is worthless. So what isn't worthless? Bitcoin is nothing more than a distributed ledger maintained by pretty ingenious network design incentivized by a reward worth 117k USD to produce a valid block every 10 minutes. That's what the market is willing to pay. Very simple. Bitcoin mining is currently much more profitable than Gold mining and infinitely more liquid. Sure, you could get job and make widgets for fiat or do investing to make fiat. There will always be ways to get new fiat. There is only one way to get new Bitcoin. Bitcoin is the coolest invention in over a decade and it's barely started.