- Aug 20, 2007
- 20,601 (3.41/day)
|Ryzen R9 7950X
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|Noctua NH-D15 + A whole lotta Sunon and Corsair Maglev blower fans...
|64GB (4x 16GB) G.Skill Flare X5 @ DDR5-6000 CL30
|XFX RX 7900 XTX Speedster Merc 310
|2x Crucial P5 Plus 2TB PCIe 4.0 NVMe SSDs
|55" LG 55" B9 OLED 4K Display
|Thermaltake Core X31
|TOSLINK->Schiit Modi MB->Asgard 2 DAC Amp->AKG Pro K712 Headphones or HDMI->B9 OLED
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|WASD Code v3 with Cherry Green keyswitches
|Windows 11 Enterprise (legit), Gentoo Linux x64
This is the absolute binary truth. Investment is the act of inputting your cash (in normal terms) into a product you feel, based on promise of anticipated performance, will increase its worth. So, I invest money into, lets' say Nvidia because their work in AI is looking pretty solid (I was going to buy shares when they were at $95, they doubled in a year). The more people invest, the higher the share price goes (scales of demand in the investment world). Speculating is hand in hand with investment whereby you speculate on a products worth or where its value will end up.
People consistently confuse cryptocurrency as a real mathematical solution and a value based commodity. It is the former, not the latter. The fact that people mined it at the beginning is very cool. Then however, bigger, richer people started buying larger mining rigs. Then the price of each coin increased as the pool slowly diminished. Then before you know it, wankingly rich turd burglars of companies and investors starting creating monstrous mining farms, thus increasing the BTC rarity and increasing the value. This is accompanied by sudden investment from people sniffing a ballooning value.
It is the investors buying into BTC, not the miners that have destroyed our graphics card market and destabilised the product. As the value of crypto has increased, more 'coins' appear and more people create ideas to sell (go google 'prodeum'). This lazy ass get rich mentality is what deserves our anger - not the mining, per se. All that being said, the power usage is unnacceptably high for working model so crypto needs more efficiency and it is those coins that will become more 'valuable', I think.
@R-T-B, you must be getting tired of all this
Yeah. Mainly repeatedly parroted misconceptions. I feel like fords "freefall! Investors burned, never again!" comments came straight from a year or two (or three, or four) ago.