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What about anyone who fully understood its value proposition and held for a 3-4 yr timeframe? EDIT: let’s check back in in 1-3 yrs here and see if people who
by dadoge 5y ago
What about anyone who fully understood its value proposition and held for a 3-4 yr timeframe?
EDIT: let’s check back in in 1-3 yrs here and see if people who bought last year and held are doing :-)
- cuteboy19 5y agoI'm sure such people exist, its just that there are probably more losers than winners in this net negative game. Analogously, there are some people who have won a lot of money from casinos but the average gambler loses money because the house always wins. Miners are 'the house' for this analogy
- dadoge 5y agoI don’t buy that analogy one bit. BTC supply is growing at a rate of less than 2% now. 90% of the supply is already mined. Miners play a very small role now in getting new supply
- jazzyjackson 5y agomining rewards in the form of new supply is not the only way miners make money - they are the house because they take a cut of every transaction. admittedly I don't know the ratio, and I've always been puzzled by the end game - will fees continue to rise as the difficulty ratchets up such that the only incentive to mine is transaction fees? Anyway they can keep winning regardless of price volatility.