3 ms·
> Kinda like how nobody sells mining drills because "if using that drill were profitable, they would use it themselves"? Which is a really awful comparison as
by chollida1 13y ago
> Kinda like how nobody sells mining drills because "if using that drill were profitable, they would use it themselves"?
Which is a really awful comparison as real world mining requires things like:
- mining rights
- land title
- skilled workers
- processing plants that will take your ore
- government connections
Mining bitcoin requires only a computer or specialized gear.
Or in other terms, its an awful comparison as anyone can mine bitcoin, while only a very few select folks can mine in the real world.
- SilasX 13y agoThere's a different degree of specialization, but it's still there. And just because you can do something doesn't mean it's in your comparative advantage to do so. In his case, someone who mines the bitcoins is implicitly making a bet on the future return, whose desired risk profile may be different from the hardware maker.