There are more than one kind of coin, SWITCH COINS, or make a new one when it gets too hard.
Right... just make up a new currency. You haven't thought that one through very far, have you?
Topic: Let the Machines do the Work (The end of Slavery) - page 14. (Read 18394 times)
Right... just make up a new currency. You haven't thought that one through very far, have you?
Like seriously in like 2-3 months I'm going to be making threads like: "2,000th post gets a free..."
and in 4-5 I expect to see "FinShaggy still has not delivered..."But at least it will be failing to deliver free stuff, instead of scamming people.
Lol, I will definitely be delivering.
Why do you have to come through here and say so many pointless nothings?
A pathological need to correct stupidity, and to assuage my existential boredom?Just watch though, you don't have to believe me now, but that doesn't mean you can sit here and continue what you are doing.
Thing is, you're missing the glaring hole I presented before:
Though you're right that not everyone can produce money, it's also costly to produce Bitcoin, and normal people can't live off it. If everyone mined, you'd make very little (or less than what you're paying for the mining rig,) because everyone would be competing to the point where it was no longer profitable. People stop mining when they can't profit. Other people make more money when people stop mining, and it becomes profitable again. If everyone mined, they'd have to do so out of force, because nobody wants to plug up a machine that works at a loss.
In other words, if you equip everyone with a mining rig, they're all going to make fractions of what they would've made if only a few people had mining rigs. It all evens out; whoever has the most hashing power makes the most Bitcoin. If everyone has roughly the same hashing power, they're all going to make just a tiny bit of Bitcoin. It's doubtful that this will pay for the burned out computers, even if they're solar powered, not to mention the cost of living.
Plus, solar power is costly, too, due to physical equipment. Geothermal would be better but even still, that would require a lot of cash to pull off. So people, in the end, would still have to work. It's better to create a society in which people can freely work as they see fit, than force a society which people must upkeep mining rigs that aren't making them money, and they'd have to look for work anyway.
I ALREADY REPLIED TO THIS...
There are more than one kind of coin, SWITCH COINS, or make a new one when it gets too hard. And as I said before, I'm not even mainly focused on BTC. The computers WILL pay for themselves.
Solar Power is costly if you want to solar power a building, but to just solar one room, or even just one outlet isn't too expensive. And there is the wind power alternative.
Like seriously in like 2-3 months I'm going to be making threads like: "2,000th post gets a free..."
and in 4-5 I expect to see "FinShaggy still has not delivered..."But at least it will be failing to deliver free stuff, instead of scamming people.
Lol, I will definitely be delivering.
Why do you have to come through here and say so many pointless nothings?
A pathological need to correct stupidity, and to assuage my existential boredom? 
snip
Thing is, you're missing the glaring hole I presented before:
Though you're right that not everyone can produce money, it's also costly to produce Bitcoin, and normal people can't live off it. If everyone mined, you'd make very little (or less than what you're paying for the mining rig,) because everyone would be competing to the point where it was no longer profitable. People stop mining when they can't profit. Other people make more money when people stop mining, and it becomes profitable again. If everyone mined, they'd have to do so out of force, because nobody wants to plug up a machine that works at a loss.
In other words, if you equip everyone with a mining rig, they're all going to make fractions of what they would've made if only a few people had mining rigs. It all evens out; whoever has the most hashing power makes the most Bitcoin. If everyone has roughly the same hashing power, they're all going to make just a tiny bit of Bitcoin. It's doubtful that this will pay for the burned out computers, even if they're solar powered, not to mention the cost of living.
Plus, solar power is costly, too, due to physical equipment. Geothermal would be better but even still, that would require a lot of cash to pull off. So people, in the end, would still have to work. It's better to create a society in which people can freely work as they see fit, than force a society which people must upkeep mining rigs that aren't making them money, and they'd have to look for work anyway.
Like seriously in like 2-3 months I'm going to be making threads like: "2,000th post gets a free..."
and in 4-5 I expect to see "FinShaggy still has not delivered..."But at least it will be failing to deliver free stuff, instead of scamming people.
Lol, I will definitely be delivering.
Why do you have to come through here and say so many pointless nothings?
Like seriously in like 2-3 months I'm going to be making threads like: "2,000th post gets a free..."
and in 4-5 I expect to see "FinShaggy still has not delivered..."But at least it will be failing to deliver free stuff, instead of scamming people.
Like seriously in like 2-3 months I'm going to be making threads like: "2,000th post gets a free..."
And where are you going to get the money to give these away?
From selling things, and doing work. I am fortunate enough to have a (shitty) computer.
That whooshing noise? That was you, missing the point.
Nope, I am certain that it was YOU missing the point. It doesn't matter how much it costs to set up if I give them their original mining rigs, then everything is FREEE!!!
That whooshing noise? That was you, missing the point.
Nope, I am certain that it was YOU missing the point. It doesn't matter how much it costs to set up if I give them their original mining rigs, then everything is FREEE!!!
Dude, look: Mining takes electricity. If you are spending more on electricity than you are generating via mining, all you're doing is running an expensive heater. In the summer. In Texas.
1) Read the thread in my sig, Solar powered mining is a solution. And as mentioned MANY times in this thread, REIVESTMENT is a solution.
The equipment is very expensive, you need the panel, the inverter, the converter... and it gives only a few watts, maybe you can run only 1 computer with each equipment.
And pray for sun.
And pray for sun.
2) I know 2 people mining in Texas already, you can mine.
That whooshing noise? That was you, missing the point. No it's not. Our welfare system is horrible, and there is no striving for unemployment. And not every man is given a means to produce money.
Welfare is socialism. It's horrible because it's taking someone's cash and giving it to someone else, through force, without consent (outside of "If you live here, you have to do it.")
Though you're right that not everyone can produce money, it's also costly to produce Bitcoin, and normal people can't live off it. If everyone mined, you'd make very little (or less than what you're paying for the mining rig,) because everyone would be competing to the point where it was no longer profitable. People stop mining when they can't profit. Other people make more money when people stop mining, and it becomes profitable again. If everyone mined, they'd have to do so out of force, because nobody wants to plug up a machine that works at a loss.
People need to work these things out on their own. Government intervention only causes problems. You cannot improve Obamacare, outside of destroying it. That's socialism at work. It's artificial. If people are given the freedom to do as they please, they'll also find the freedom to do the work they want. You'll see businesses shutting down for not finding people willing to work at the wages provided (minimum wage; thanks, government, for telling people 7.25 is supposed to be living wage.) You'll see businesses rising from those who once said, "There's no jobs, I can do nothing," and flourishing; do you know why Apple is outsourcing all its labor to China? Regulation makes it unprofitable to do it in America. If people, which is behind the system you tout, are the key, why must we introduce a state? The state is great at tax farming, but they're not so great at letting people do what they want. It's a conflict. For people to be free to choose their work, their businesses need to be free. What good is the state, then, when it comes to a free market? What is their service?
Dude, look: Mining takes electricity. If you are spending more on electricity than you are generating via mining, all you're doing is running an expensive heater. In the summer. In Texas.
1) Read the thread in my sig, Solar powered mining is a solution. And as mentioned MANY times in this thread, REIVESTMENT is a solution.
2) I know 2 people mining in Texas already, you can mine.
OK, Economics 101:
Spending more money than you are generating is not "making money." It's losing money.
This thread 101:
That was never an issue. You are again not making any point, except to prove that our current economic system is SHIT.
OK, Economics 101:
Spending more money than you are generating is not "making money." It's losing money.
This thread 101:
That was never an issue. You are again not making any point, except to prove that our current economic system is SHIT.
Have you tried mining yet? Do you know if you can actually turn a profit doing so with your specific hardware?
No I have not tried mining yet, and I know for a FACT I can not turn a profit using my specific hardware.
Both of these things are irrelevant to the topic, and me mining.
Spending more money than you are generating is not "making money." It's losing money.
What I am referring to is what America wishes it was, and is supposed to be.
We already have that, America is what you're referring to. So far, it hasn't been working out, thanks to regulation and socialism.
No it's not. Our welfare system is horrible, and there is no striving for unemployment. And not every man is given a means to produce money.
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