It’s all a scam, don’t even try to tell me it’s useful

I was one of the lucky ones who bought bitcoin so I could buy acid on the internet. Years later I put a down payment on a house with the change that I forgot about. DARE was wrong.

I mined a few back in the day. I think I got a couple pizzas and a new router out of it. Could’ve bought a decent house at the peak value. Oh well.

We have a few 100k and it’s just gaining. Mined it several years ago. Definitely not something for people who don’t understand it but Definitely worth it if you did.

What crypto is gaining?

It’s the American Dream

Sometimes i feel like im the only one living it, i see it as Karmic justice because i tip really well and try to be nice to animals.

I played around with it for a bit in 08/09. Got a few coins, but didn’t keep going with it and lost the wallet at some point.

2008? are you Satoshi?

yeah that’s an easy lie to call out. Genesis block was 2009. So 2008 is already a no go. And very few people would have even known about it… let alone get their hands on the original software let alone mine something.

All those GWh wasted on “mining” only got us closer to the edge.

Which is why a lot of cryptocurrencies adopted proof of stake in favor of proof of work.

which is literally a rich get richer scheme on steroids…

It’s trickle up economics

Too little too late.

They were using more power than the entirety of Switzerland, just so a handful of people could get rich.

Not like the millions or billions of man hours wasted to make 50-ish removed into defacto-gods.

Don’t forget its not just man-hours, but man-lives too

Potentially our future as well considering the carbon and ecological footprint of crypto, both in terms of energy spent mining, and production of single-purpose hardware that can’t really do anything else, rival some medium sized developed countries.

The GPU mining got me a free GPU and several hundred dollars, for the cost of about 10 cents per KWh. I’d take that “scam” any day of the week, and so I mined until it was over for GPU mining. No regerts.

And that money came from someone. You can’t win in crypto unless someone else loses. Typically it’s vulnerable people wishing for a get rich quick hack who lose.

You probably don’t really know how much of it works. I was paid by a mining pool, for completing blockchain work segments. The mining pool being a for-profit enterprise that pays GPU workers to mine coins that they keep or sell for profit. If you want to extrapolate that to the extent that you imagine I’m harvesting someone else’s wealth, then you’re going to have to warm up for an intense workout of mental gymnastics.

noo you don’t understand it’s going to the moon noooo hodl hodl hodl nooooooooo plz buy my crypto thank you :(

I have invested a total of $2000 in crypto.

I took out $2000 when I had like $12000.

I have no idea how much what is left is now. Probably $500-$700. Definitely less than a months rent.

Imma let it ride. I have rss feeds that’ll let me know if any of the coins I own spike for some reason. Otherwise, whatever.

This is the way to do it. What I’ve got is all profit too, whether that means a million dollars or just one.

I have rss feeds that’ll let me know if any of the coins I own spike for some reason.

Ooh, that sounds handy! Mind if I ask where those feeds are coming from?

Same. I had the money to spare and the means to mine so why not? We made more doing that than I have in working for the last few years and even if it were gone tomorrow it wouldn’t affect our livelihood. It’s just so nice thing to have when we are old.

I sleep well at night knowing nobody will steal my thing I don’t care about because I don’t own any. I just wanted you all to know that.

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It’s all a scam, don’t even try to tell me it’s useful(i.imgur.com)

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!memes@lemmy.ml

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