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If you have cash, mining is unprofitable, and you want btc, there's a more profitable solution you're not seeing here.
by scrollaway 5y ago
If you have cash, mining is unprofitable, and you want btc, there's a more profitable solution you're not seeing here.
- josefresco 5y ago> If you have cash This is key. You can't "just buy BTC directly" if you don't have cash. Even if you have cash for the initial purchase of crypto, you then have no recurring income. The startup model is again relevant here as you're trading a short term loss, for the potential of a long term gain. Similarly, why don't VC's just invest in profitable, stable companies?
- scrollaway 5y agoVery fair point.