Soldato
you don't agree with trading? so you do not buy or sell anything ever?
I don't agree with crypto trading no.
I don't remember saying I disagree with all trading either.
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you don't agree with trading? so you do not buy or sell anything ever?
I don't agree with crypto trading no.
I don't remember saying I disagree with all trading either.
Why not?
I can understand mining. But trading?
Do you have any logical reason behind this?
Because I don't believe in what crypto stands for. I don't believe in a decentralised currency for a start, I don't believe there should be something out there that anyone with access to a GPU can create out of thin air(not even taking into account using up energy) to then sell on for fiat. So I wouldn't want to trade in something I don't believe in as it only encourages the practice even more if someone out there is willing to pay real money for it.
Do you know that many cryptos do not require GPU or energy usage (in large amounts) or mining?
They are centralised and cannot be mined.
Because I don't believe in what crypto stands for. I don't believe in a decentralised currency for a start, I don't believe there should be something out there that anyone with access to a GPU can create out of thin air(not even taking into account using up energy) to then sell on for fiat. So I wouldn't want to trade in something I don't believe in as it only encourages the practice even more if someone out there is willing to pay real money for it.
Have you ever heard of airdrops, coinbase earn, staking? Why do people generalise so much that they think crypto is Bitcoin and that GPU's are the only form of mining?
Dipping into a subject in such shallow fashion - then sounding off as quick as Neo in the matrix with kung fu. If your going to attack something and stand on your hill, at least do some due diligence.
Free £££'s - you mean like... Interest payments. Property value increases. Asset appreciation. Markup, profit margin
Is this guy for real.
I'm sure there are, but there will always be alternatives that can be mined so while there is crypto of any kind, there will be coins like ETH etc.
We already had enough currencies with fiat. We don't need crypto and what is essentially a way to "free" money.
If I want more money I shouldn't be able to just let my GPU make it for me. I should have to work for it and provide something useful towards society by either providing a useful service or make a useful product etc.
It's not free money at all.
First of all hardware costs, then electric costs then there is the time needed to maintain them and keep them running as well as additional hardware to get them going and keeping them cool.
Are you also against someone buying a 3D printer then downloading designs off the internet and then printing them out and selling them on Etsy for a profit?
If it was as simple as buying a gpu then sitting down on the couch and money is magically thrown at you everyone would be doing it. There are risks involved. There is no guarantee that you will get your initial investment back never mind make money on top.
Ethereum is moving to proof of stake so you won't be able to mine it after that happens.
Are you also against buying and selling shares in companies on the stock markets?
On mining alone yes it is basically free money, especially at the moment. Its creating an unquenchable demand for GPUs. Once ETH goes POS then something else will just fill the void.
On mining alone yes it is basically free money, especially at the moment. Its creating an unquenchable demand for GPUs. Once ETH goes POS then something else will just fill the void.
On the 3d printer point, as long as the person who's printing it is paying the person who's design they've downloaded then no. It also means they are creating something useful at the same time.
I'm not against buying and selling shares as long as the companies are having a positive impact on society
And as far as I know none of what you mentioned can be created by GPU's out of thin air from a PC in someone's bedroom.
Nothing will fill ethereums void. You can pretty much guarantee that.
There wasn't anything to fill the void after the Bitcoin crash either. Then Ethereum exploded two years later.
So how do you know there will still be nothing to fill Ethereums void in another 2 years or 5 years?