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| Cute girl with Bitcoin Token |
I don't like cryptocurrency, I don't like the way it consumes half of the electricity on the planet, I don't like the way whole cryptocurrency eco-system seems to be riddled with fraud and snake oil salesman. It's a stupid idea, but by-and-large, it seems to work. There is one aspect of it that kind of outweighs its shortcomings - it is not under the control of any government. From Bitcoin Magazine:
In the past, when there was neither the internet nor smartphones available, the average individual living in such hostile environments simply accepted the harsh reality of being destined to serve dictators and their family members. Today, however, Bitcoin is emerging as more than just a technology; it serves as a gateway to financial empowerment without compromising moral values. It offers a powerful tool for breaking through many of the concrete barriers erected by oppressive governments.
Meanwhile the $100 I invested in the Icelandic cryptocurrency mining operation back in 2017 has grown to $700 and change. Not fantastic, but at hasn't vanished which was what I was expecting.
Your investment is not in crypto but the mining operation, right?
ReplyDeleteHasn't vanished still $700+ on paper and not big enough to bother trying to steal. Those people are looking for targets of $50,000, $100,000, or $millions.
Another problem is trying to figure out which crypto is best, there seems to be so many.
And it's only worth what someone is willing to pay for it, like any collectable.
xoxoxoBruce