Bitcoin mining is not work. It's pure stupidity.

[Faisal7]

Lmao...

The more I think about this dumb Bitcoin, I continue to discover further and further how dumb it is.

[1713251647]

1713251647

[1713251647]

1713251647

[1713251647]

1713251647

[NothinG]

Lmao...

The more I think about this dumb Bitcoin, I continue to discover further and further how dumb it is.

Yet it's worth roughly $5/bitcoin, so technically; it is work.

[the joint]

Is this Atlas gone bonkers?

[paraipan]

[dreamwatcher]

Hmm..troll or not?

Bitcoins have value, one can convert them into other currency quite readily.

To mine Bitcoins, one has to use a resource (electricity) to do work (generate hashes) to come up with a product (correct hash within the difficulty requirement).

Sounds like work to me.

Personal work in mining includes equipment setup and upkeep, no mining setup is going to run for any length of time without some maintenance.
Wise investment in new equipment and replacing broken equipment is essential in maintaining and growing ones Bitcoin mining venture.

At least bitcoins are based on some work, almost all the "official" currencies are merely fiat that the controlling bodies (governments, banks) print or mint at will with no real backing or work involved.Add to that the "fractional" banking system that produces "credits" out of thin air with no assets to back them, not even fiat currency.

Bitcoins sound better and better to me.

[the joint]

Hmm..troll or not?

Bitcoins have value, one can convert them into other currency quite readily.

To mine Bitcoins, one has to use a resource (electricity) to do work (generate hashes) to come up with a product (correct hash within the difficulty requirement).

Sounds like work to me.

Personal work in mining includes equipment setup and upkeep, no mining setup is going to run for any length of time without some maintenance.
Wise investment in new equipment and replacing broken equipment is essential in maintaining and growing ones Bitcoin mining venture.

At least bitcoins are based on some work, almost all the "official" currencies are merely fiat that the controlling bodies (governments, banks) print or mint at will with no real backing or work involved.Add to that the "fractional" banking system that produces "credits" out of thin air with no assets to back them, not even fiat currency.

Bitcoins sound better and better to me.

More than that -- Bitcoin is based on the people.  Only peer-to-peer miners hit the 'GO' button.  Without miners there are no transaction confirmations, and without transaction confirmations Bitcoin loses all of its confirmed value.  It's the people's money.

[BCMan]

Lmao...

The more I think about this dumb Bitcoin, I continue to discover further and further how dumb it is.

Then wtf are you doing here? Get lost.

[Newar]

Why are you still here then?

Thanks for the ignore button.

[nimda]

Seems to be a butthurt troll pissed that he either 1) lost money or 2) wasn't an early adopter.
Boo hoo hoo

[sTtp]

Lmao...

The more I think about this dumb Bitcoin, I continue to discover further and further how dumb it is.

Silly OP is silly.

[Graet]

LMAO the more i read Faisal7's threads I wonder at his definition of stupidity.

Some would say doing the same thing over and over again and getting no result is a definition of stupidity.
Like posting over and over threads like this, who are you trying to convince? what is your authority for your many (baseles) claims?, you ask a question and when a respected community member takes time to respond to your obvious troll you say "nothing was said here"?

so anyway this weeks stupidity award goes to Faisal7 - congrats man, go get a life

[justusranvier]

Some would say doing the same thing over and over again and getting no result is a definition of stupidity.

What does that say about the people who reply to someone like that?

[punningclan]

Lmao...

The more I think about this dumb Bitcoin, I continue to discover further and further how dumb it is.

You'll do fine with Fiat then. Since they are all in incredibly huge and sensible amounts of debt you ought to feel really comfortable there. You have to love all those fees; And the tax man, let me tell you about the tax man, he is the most rational of all and must know you precisely since he's so accurate and demanding. The banks and bankers, of course, such wonderful giving and generous people and institutions, they need all the fees and penalties they can get because of their generosity. In thirty years or so you'll be feeling even better sitting down to your $500 movie and 16 ounce cup of soda (no 24 oz cups allowed! Because that's such a sensible idea also.) content in the knowledge your 100* more expensive life is worth all those bits of paper.

Why didn't I realize what a silly idea this is?
 
Thank you for the enlightening, if ever so slightly sparse and devoid of content, comments.

[John (John K.)]

LMAO the more i read Faisal7's threads I wonder at his definition of stupidity.

Some would say doing the same thing over and over again and getting no result is a definition of stupidity.
Like posting over and over threads like this, who are you trying to convince? what is your authority for your many (baseles) claims?, you ask a question and when a respected community member takes time to respond to your obvious troll you say "nothing was said here"?

so anyway this weeks stupidity award goes to Faisal7 - congrats man, go get a life

OP is an account primarily designed for trolling. See his past posts.

[Gladamas]

OP is an account primarily designed for trolling. See his past posts.

^^^ This.

[Kansattica]

I don't know about you all, but it's kinda fun to see mister OP here fail.