top | item 45435732

(no title)

tobias3 | 5 months 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.

discuss

order

derangedHorse|5 months ago

Maybe 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|5 months ago

My argument was specific to the use case as speculative asset. Currencies usually have other uses.