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People forget bitcoin wasn't worth anything for a long time. You take care of an asset worth millions very differently than an asset worth pennies and too much
by jki275 4y ago
People forget bitcoin wasn't worth anything for a long time. You take care of an asset worth millions very differently than an asset worth pennies and too much of a pain to transact for cash anyway.
- dannyw 4y agoSomeone being around since 2011 and believing in bitcoin, and only having hundreds of BTC today is implausibly rare. Back in 2011, a desktop CPU would mine thousands of bitcoins per month.
- lostmsu 4y agoNo, that's factually wrong. In 2011 you would need to mine with at least a GPU, and a single one would barely produce 100 bitcoins in a year if not less.
- jki275 4y agoYou're thinking of 2009, when it was first released and nobody knew anything about it. I know that by the time I even looked at it in 2011 you couldn't mine anything with a desktop CPU.