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Bitcoin is a negative-sum game. You can only get out what others put in and miners continuously have to pay for electricity and chips to keep the game going. I
by tobias3 1y ago
Bitcoin is a negative-sum game. You can only get out what others put in and miners continuously have to pay for electricity and chips to keep the game going.
It is also a dump speculative asset. I'd even claim Tesla stock is better as speculative asset, at least it may be a positive-sum game.
Caveat: I am one of those people OP mentioned.
- derangedHorse 1y agoMaybe seeing you’re argument as a template will have you recognize the weakness of your argument: {{currency}} is a negative-sum game. You can only get out what others put in and {{entities}} continuously have to {{maintain infrastructure}}. An actual argument could be derived from the last point by asking whether the cost of maintaining the infrastructure is worth it. This is something the market decides.
- tobias3 1y agoMy argument was specific to the use case as speculative asset. Currencies usually have other uses.