Damus
2Pac · 2w
If fees weren’t so low I might agree with you but ppl acting out of altruism usually doesn’t work out ppl act in their own self interest so why would anyone mine at a loss, short term yes but not ...
Thekid.999 profile picture
Because they need to realize that mining Bitcoin isn't about money, it's about keeping the network strong. So if you can't keep your computers on. Because you can't keep up with your electricity bill. That's not Bitcoin's fault. That's your greediness, and Bitcoin is gonna show you not to be greedy, and you're gonna have to shut off the whole left side and the basement and values gonna go down and we gonna continue to buy it. And then we're gonna plug in our miners and we'll have a better possibility of mining a block. 1 day in the future. You don't think one of these facilities is gonna blow up money wines because they keep taking loans out to plug in miners. Now they can't pay now. It's Bitcoin's fault all that is Bitcoin's fault. Bitcoin told them to take out loans and plug it in and run up the electricity bill. Bitcoin told them to do that. Yep, that's right. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
1
2Pac · 2w
The reality is that it’s the really large mining farms that use economies of scale will grow and small and medium will die leading to centralization. So the net effect would be more hash created by less entities I don’t see how it would go the other way. Same reason the wal marts and the Amazons...