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Perhaps it isn't a stupid as you think? Perhaps people like the idea of trading computational power for social mobility? If your computer could do your work fo
by russdpale 8y ago
Perhaps it isn't a stupid as you think? Perhaps people like the idea of trading computational power for social mobility?
If your computer could do your work for you, leaving you to do whatever you want in life, why would you NOT want that? The stupidity is that we are not all doing this, that we are not tearing down the halls of congress for cheaper power collection methods. What is crazy is that we never demand accountability from our traditional finance system, leaving us to trust a few tremendously wealthy individuals who have no obligation to the rest of society. With bitcoin, there is no trust, in fact this is even a key feature: remove the trust. I think this is an idea that is very powerful, and is something that people like.
If you are looking at bitcoin as an investment, then you are already looking at it all wrong. This isn't about investing, its about financial independence.
I would suggest you look into the fundamentals again.
- erubin 8y agoultimately real work that produces actual goods and services has to get done. how does computing hashes "do all your work for you, leaving you to do whatever you want in life"
- russdpale 8y agoYes, the computer crunches the transactions, and you get rewarded in bitcoin. Why should Visa be the only to profit from something like this? So this leaves me to do what I want. I can get another job, or not. Who wouldn't want this? Its a simple idea, trade computation for social mobility. There are people doing this all over Venezuela right now.