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True I started playing with bitcoin when it was 60 euro. That was 100% of my savings at the time. Sold it for a pretty penny 110 euros. Back then it was hard to
by RandomWorker 5y ago
True I started playing with bitcoin when it was 60 euro. That was 100% of my savings at the time. Sold it for a pretty penny 110 euros. Back then it was hard to buy and even worse to sell. I didn’t have the time or money to follow it. But thinking v back I could have just kept trading, or hold it. But you know life.. I still think it’s a fun technology. But really it’s gotten out of hand. I could generate a tenth or a hundredth of a bit coin on my laptop in a month, now even with a crazy rig dedicated sucking eltricity it takes way longer. You need to join at team etc. it’s the problem of the commons, energy is finite but not priced right. Do we keep using more resources here to support something that really isn’t democratized at all or do I put my time money energy into things that make peoples lives better. All the best to those that made more money than me, but I fear if bitcoin keep using more resources we all just sit around working to keep a money system running. (Exponentials are difficult to comprehend but I suggest every bitcoin owner plot the amount of energy that goes into bitcoin year over year.) Money should facilitate commerce, it’s shouldn’t be this hard or unstable. Some coins have solved this energy and trading issue but the value isn’t stable. I’ll step back in once we have a stable/energy efficient fast transfer of money. I though Ethereum was going to be the one but it wasn’t. I’ll keep my eyes open web3 sure ain’t it.