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>"Taking money from speculators and giving money to geeks... " Classic fallacy. "Those rules don't apply to me!" Guess what? You are a speculator, no better
by tatsuke95 14y ago
>"Taking money from speculators and giving money to geeks... "
Classic fallacy. "Those rules don't apply to me!"
Guess what? You are a speculator, no better or worse than any other speculator out there, be it in gold, houses or mortgages. Sorry.
- Paul_S 14y agoI don't think I'm a speculator. I just started mining back in the day when CPU mining was still viable. Early in the day when we got a 50 bitcoin batch every other week. I didn't buy a single bitcoin. I just sold the ones I mined. Is this really speculation?
- irishcoffee 14y agoYou speculated that the electricity you used to mine the bitcoins would be worth the cost of mining them. I'd say it was as safe a speculation as one could make. =pp
- Paul_S 14y agoBy that definition any and all investment is speculation. Does this word mean anything on its own then? Though the fervour with which I deny being one proves it must.