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The first several reasons seem plausible; the last one does not. It isn't clear why the cryptocurrency community would care about others' investments in mining
by jessaustin 7y ago
The first several reasons seem plausible; the last one does not. It isn't clear why the cryptocurrency community would care about others' investments in mining equipment. If I had made such investments, I would use bitcoin, but that wouldn't force anyone else to use it.
- MadSudaca 7y agoTrue, but you could use your money and influence to try and prevent the market from moving to other, more efficient cryptocurrencies. Remember that BTC started in 2009, significant efforts have been made to build infrastructure around it. Many people got rich thanks to the increase in price. There’s a lot of money and emotions invested, for material and philosophical reasons.