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"We buy things we don’t need, with money we don’t have, to impress people we don’t like." - Fight Club I'd venture to say that the majority of human effort tod
by sebleon 9y ago
"We buy things we don’t need, with money we don’t have, to impress people we don’t like." - Fight Club
I'd venture to say that the majority of human effort today is spent on useless things. Consumerism is the base of our entire economic system, Bitcoin mining doesn't seem all that different to me.
- bsaul 9y agoExcept people don’t buy anything with bitcoin ( and i’ve read about potential millionaires, but never about people having actually made millions of usd, since nobody sells). For the moment it’s only the most gigantic and cpu intensive distributed number increment algorithm.
- malvosenior 9y agoThere are absolutely people who have cashed out significant non-crypto money from BTC. In fact crypto has allowed multiple people I know to retire. Bitcoin also offers the very real value of enabling monetary transactions without government involvement. That’s a huge deal to some of us who value individual liberty and/or live under corrupt regimes.
- icelancer 9y agoI transact in BTC all the time. And while I haven't made millions of USD, it's a considerable sum. My friends have cashed out plenty of BTC into USD/EUR; well into the millions.
- gomox 9y agoYou haven't read enough then. There is, quite literally, an app for that. People are getting real bank transfers of "real" money all the time out of bitcoin & co.