It’s value is in remittance if nothing else. It’s cheaper than western union. But the network is only “cheaper” in that way because it has distributed the costs of running the network to the speculating miners who solve pointless puzzles with monsterously greedy processing farms hoping to win the lottery and get back more than they put in. It’s a ponzi scheme, it takes more from everyone who came later and gives the value to early adopters who were there when you could solo mine coins with whatever hardware and a bitcoin was worth 7 dollars in exchange. Look up how many coins Satoshi is supposedly holding. If they were to cash out even a small fraction the whole market would crash. So use it as a remittance service but not an asset if you must. This from someone who mined 27k worth of it back when it was 7$ and spent it all on illicit medical cannabis before it inflated to 50k
- 0 Posts
- 11 Comments
Afflictedlife@lemmy.mlto Fediverse@lemmy.ml•Feddit.org officially announces they will ban criticism of Israel and pro-Palestinian posts and comments.2·3 months agoBeat you to it without even trying hah
Afflictedlife@lemmy.mlto Fediverse@lemmy.ml•Feddit.org officially announces they will ban criticism of Israel and pro-Palestinian posts and comments.2·3 months agoMine was made in America so I guess I’ve ticked that box. like who can afford to air ship a pizza from Vietnam or whatever
Afflictedlife@lemmy.mlto Fediverse@lemmy.ml•Feddit.org officially announces they will ban criticism of Israel and pro-Palestinian posts and comments.2·3 months agoBro I just got banned for pointing this out today. Like seriously talk to one chinese person in your life feddit mods
Afflictedlife@lemmy.mlto Fediverse@lemmy.ml•Feddit.org officially announces they will ban criticism of Israel and pro-Palestinian posts and comments.1·3 months agoYou just helped me block a couple thanks bud
Afflictedlife@lemmy.mlto Fediverse@lemmy.ml•Feddit.org officially announces they will ban criticism of Israel and pro-Palestinian posts and comments.2·3 months agoI was banned today from !Europe on feddit, a community I’ve never posted in, because apparently reporting a disinformation spam account posting uyghur genocide fake news rubs the mods the wrong way. I had no idea that instance was this much of a dumpster fire. Am I officially a communist now? Seems like a rite of passage has occurred
I’m like a mix of the three tiers above ghost and in not really trying to be which is odd
Afflictedlife@lemmy.mlto Asklemmy@lemmy.ml•are you permanently banned off reddit? or do you just like lemmy more?12·5 months agoNot banned, was never active. Just lurked on certain subreddits. I’ve engaged way more here than I ever did there
Loop continues until entire human population tied to track and there’s nobody left to pass the switch to. kill the scapegoat on round one and done
Soon please k thnx