Author

Topic: Bitcoin mining is not work. It's pure stupidity. (Read 1236 times)

member
Activity: 112
Merit: 10
Don't get eaten by wolves!
I don't know about you all, but it's kinda fun to see mister OP here fail.
sr. member
Activity: 294
Merit: 250
Bitcoin today is what the internet was in 1998.
OP is an account primarily designed for trolling. See his past posts.
^^^ This.
legendary
Activity: 1288
Merit: 1227
Away on an extended break
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 Smiley

OP is an account primarily designed for trolling. See his past posts.
sr. member
Activity: 283
Merit: 250
Making a better tomorrow, tomorrow.
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. Embarrassed

legendary
Activity: 1400
Merit: 1013
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?
vip
Activity: 980
Merit: 1001
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 Smiley
newbie
Activity: 7
Merit: 0
Lmao...

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

Silly OP is silly.
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
Seems to be a butthurt troll pissed that he either 1) lost money or 2) wasn't an early adopter.
Boo hoo hoo Roll Eyes
legendary
Activity: 1358
Merit: 1001
https://gliph.me/hUF
Why are you still here then?

Thanks for the ignore button.
hero member
Activity: 535
Merit: 500
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.
legendary
Activity: 1834
Merit: 1020
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.
legendary
Activity: 1064
Merit: 1000
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.
legendary
Activity: 924
Merit: 1004
Firstbits: 1pirata
legendary
Activity: 1834
Merit: 1020
Is this Atlas gone bonkers?
hero member
Activity: 560
Merit: 500
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.
newbie
Activity: 28
Merit: 0
Lmao...

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