# NFT's are Fundamentally a MLM-Type Scam Designed to Get You to Buy Crypto

**URL:** <https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814>\
**Category:** Out Of Pod Experience\
**Created:** [January 22, 2022, 4:48am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814 "2022-01-22T04:48:11Z")\
**Posts on this page:** 20\
**Page:** 41

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**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\
**Post date:** [February 25, 2022, 9:55pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/832 "2022-02-25T21:55:24Z")

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> [@Aedaxus](#):
>
> Those fees you obviously do not mention range from $0 to $2 for your $100 example for Western Union and 7 other money transfers I tried.

It highly depends on the country and the amount. Also there is a time factor here, where it may take days to weeks.

> [@Aedaxus](#):
>
> Transferring 0,000025 BTC would cost how much?

Over lightning, depends on the route, but in general, a fraction of a cent. And it will arrive instantly.

> [@Aedaxus](#):
>
> The app needs to be programmed and maintained and secured. This costs money.

> [@Aedaxus](#):
>
> Again, with low fees how can they scale and keep it working.

Essentially this all comes down to it being just more efficient. Western union hast to pay for staff and buildings and the actual physical moving of funds, while with Bitcoin you have none of that since it is natively digital. The software you need to interact with the system is completely open source and maintained collaboratively by companies and users that need it.

So the fees can be incredibly smaller because the whole operations cost is so much lower. The legacy system can’t really compete with that.

> [@Aedaxus](#):
>
> Its not because a thing works you can build an economy on it.

It’s not about building an economy on it necessarily. I was just talking about a real world use case that actually right now is in the process of disrupting the industry of global payments. I believe there are many more such use cases like it, we will see how that goes.

> [@Aedaxus](#):
>
> Anyways, I use my bank’s app to pay and receive money. Works just like that app he showed. Not sure what it’s contributing.

It’s between two different banks on two different continents. There is another one where he literally streams money to the other person every minute.

Every single part required to do this is open source. We could set this up here together between us and stream money between each other without any one of us having to ask a bank or anyone. You could right now setup a shop and start to receive payments without needing any accounts with any company and it works on a global scale.

I’m not sure how much more clear I can describe how disruptive this technology is. At some point you either get it or you don’t.

> [@Aedaxus](#):
>
> But he knows he’s scamming. He’ll just 420 blaze it when more “greater fools” are stuck in his way to earn money.

I’m not sure why you are still assessing the whole thing with your gut feelings instead of using your brain and actual facts, but I guess in the end that is your problem.

> [@Aedaxus](#):
>
> I guess followed by… peace on earth.

The snarky comments usually means “out of arguments”.

---

<div class="post-metadata">

**Author:** ![Anderson\_Geten](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/anderson_geten/32/390041_2.png) [@Anderson\_Geten](https://forums.eveonline.com/u/Anderson_Geten)\
**Post date:** [February 25, 2022, 10:50pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/833 "2022-02-25T22:50:13Z")

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> [@Karak\_Terrel](#):
>
> Over lightning, depends on the route, but in general, a fraction of a cent. And it will arrive instantly.

No that’s not the price. The price is, that people use a lot of electricity to add the block containing that transaction to the distributed . It’s a price that _someone_ needs to pay.

> [@Karak\_Terrel](#):
>
> So the fees can be incredibly smaller because the whole operations cost is so much lower. The legacy system can’t really compete with that.

Nope. That’s where you are wrong, you are imagining things.

> [@Karak\_Terrel](#):
>
> actual facts

You don’t know that either.

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<div class="post-metadata">

**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [February 26, 2022, 10:10am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/834 "2022-02-26T10:10:57Z")

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> [@Karak\_Terrel](#):
>
> This will simply distrupt global money transfers.

> [@Karak\_Terrel](#):
>
> The snarky comments usually means “out of arguments”.

I hear you use that word “disrupt” and I don’t think it means what you think it does.  
I guess “disrupting global money transfers” means something else in whatever language you speak. I propose you change it into “change the way” and add “will work”. as that would at least give the assumption you mean well. And as usual the rebuttals you give age like milk.

In the current global context, Bitcoin becomes interesting again, there are a lot of scared, desperate people. Bitcoin will do well during the chaos and murdering that is going on.

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**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\
**Post date:** [February 26, 2022, 11:29am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/835 "2022-02-26T11:29:30Z")

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> [@Aedaxus](#):
>
> means something else in whatever language you speak

Well english is not my first language. What I mean by that is “disrupt the established payment rails” because we suddenly have something much better that will replace it.

And this is all about how banks and companies like paypal, cash app etc move money around the world. The user will probably not even see a lot of this.

> [@Aedaxus](#):
>
> And as usual the rebuttals you give age like milk.

And you just continue to make empty statements like that without actually saying anything of substance. You don’t even have arguments for your position, not even bad ones it seems…

> [@Aedaxus](#):
>
> In the current global context, Bitcoin becomes interesting again, there are a lot of scared, desperate people. Bitcoin will do well during the chaos and murdering that is going on.

Yeah I’m sure it will now be blamed to help evade sanctions

I feel like this discussion has run it’s course again. I don’t have any problem if you have a different opinion, but in the last few posts it was mostly just empty statements like “it ages like milk” or “it’s still a scam”. I actually put some time into writing my answers, but I will not do that if I only get dumb Anderson level comments to it.

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<div class="post-metadata">

**Author:** ![Anderson\_Geten](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/anderson_geten/32/390041_2.png) [@Anderson\_Geten](https://forums.eveonline.com/u/Anderson_Geten)\
**Post date:** [February 26, 2022, 12:22pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/836 "2022-02-26T12:22:18Z")

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> [@Karak\_Terrel](#):
>
> but I will not do that if I only get dumb Anderson level comments to it.

With this level of argument you don’t deserve anything better.

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<div class="post-metadata">

**Author:** ![Anderson\_Geten](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/anderson_geten/32/390041_2.png) [@Anderson\_Geten](https://forums.eveonline.com/u/Anderson_Geten)\
**Post date:** [February 26, 2022, 3:29pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/837 "2022-02-26T15:29:06Z")

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> **[Gabe Newell Banned NFTs from Steam Due to 'Sketchy Behavior' and 'Out of...](https://www.ign.com/articles/gabe-newell-nft-steam)**
>
> Valve president Gabe Newell explains why Steam doesn't allow NFTs or cryptocurrency, citing that while the underlying technology isn't in a problem, bad actors use them for nefarious means.

TLDR : half of crypto transactions are used for scams or laundering, says steam president. NFTs are promoted by people who are making the issues they solve up.

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<div class="post-metadata">

**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [February 27, 2022, 9:17pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/838 "2022-02-27T21:17:40Z")

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> [@Karak\_Terrel](#):
>
> Yeah I’m sure it will **now** be blamed to help evade sanctions

Now?  
It’s technologically made to evade rules set by governments, it’s called the ‘fils a papa’-coin, made for people who grew up with too much money yet didn’t mature and looks at economy like a child.

> **[How Britney Spears Used Bitcoin To Evade Parental Supervision](https://www.thewealthadvisor.com/article/how-britney-spears-used-bitcoin-evade-parental-supervision)**
>
> How Britney Spears Used Bitcoin To Evade Parental Supervision

Guess who’s into it too… lol. Gwyneth Paltrow and Hilmar Veigar Pétursson think alike. ROFL.  
[https://twitter.com/GwynethPaltrow/status/1486482496883625984](https://twitter.com/GwynethPaltrow/status/1486482496883625984)

Oho h! Matt Damon is stuck on crypto-Mars too, his DogeCoin rocket didn’t go far enough! 😃 Pray For Matt! ;D

> **[Don’t Listen to the Matt Damon Crypto Ad](https://slate.com/technology/2022/01/matt-damon-crypto-ad-celebrities-nfts.html)**
>
> Jacob Silverman and Ben McKenzie on the dangers of cryptocurrency and the false dream of a crypto revolution.

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<div class="post-metadata">

**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 27, 2022, 9:46pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/839 "2022-02-27T21:46:30Z")

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Brittany Spears used BTC to hide transactions from her controlling father? Sounds good to me.

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<div class="post-metadata">

**Author:** ![Anderson\_Geten](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/anderson_geten/32/390041_2.png) [@Anderson\_Geten](https://forums.eveonline.com/u/Anderson_Geten)\
**Post date:** [February 27, 2022, 10:21pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/840 "2022-02-27T22:21:02Z")

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Sure, when you advocate for illegal activities, anything sounds good to you.

I just hope, once your government realize you were helping laundering money and tax evasion, they also charge you like the accomplice you are.

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**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\
**Post date:** [February 27, 2022, 10:42pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/841 "2022-02-27T22:42:26Z")

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> [@Aedaxus](#):
>
> It’s technologically made to evade rules set by governments, it’s called the ‘fils a papa’-coin, made for people who grew up with too much money yet didn’t mature and looks at economy like a child.

It’s a global network. Which government should be able to control it? The US? China? Russia? The G8?

In the same way, that internet is constantly used to evade censorship rules by governments. Should there be tighter control over the internet protocol to make sure that can’t happen? Which government should control it?

You need to do some more thinking about this man.

> [@Aedaxus](#):
>
> Oho h! Matt Damon is stuck on crypto-Mars too, his DogeCoin rocket didn’t go far enough!

I said multiple times now that I agree that most crypto are scams or at least useless ■■■■■■■■. There is a huge difference between Bitcoin and crypto. It’s like Astronomy and Astrology, some can’t hold them apart either, but they are fundamentally different.

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**Author:** ![Gadget\_Helmsdottir](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/gadget_helmsdottir/32/374037_2.png) [@Gadget\_Helmsdottir](https://forums.eveonline.com/u/Gadget_Helmsdottir)\
**Post date:** [February 28, 2022, 1:17am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/842 "2022-02-28T01:17:45Z")

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That very much sounds like you are advocating illegal activities.

–Suspicious Gadget

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<div class="post-metadata">

**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 28, 2022, 7:31am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/843 "2022-02-28T07:31:24Z")

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I can tell you don’t read the news and have no clue what’s going on out there. It might be better if you keep quiet and save yourself from looking silly. It’s not even funny what happened to Brittany Spears.

I advocate the liberation of people who are in a bad situation. you should read more.

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**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [February 28, 2022, 9:09am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/844 "2022-02-28T09:09:33Z")

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> [@Karak\_Terrel](#):
>
> You need to do some more thinking about this man.

I’m doing it right here. And I look around for information but I do get some really creepy vibes, but try and understand. It would be like people in the world would have to choose an exchange by popularity… imagine what kind of financial sh\*tshow would start between them? Once they have the ‘average joe’ because they get a certain percent.

Secondly, taking away the financial control of a country is bad, you proved it by saying you don’t like the USD as a legal tender for El Salvador. Yet you want it to be Bitcoin and claim the poor will get rich by mining. Then I see the President of that state and his cronies mine, like the FED+US Mint but without any oversight or economic analysis. I don’t think the word “poor” means what you think it means. I suggest you replace it with “the shady people that prefer personal wealth/power over people” if you do that I agree you are honest and maybe mean well, but I think Bitcoin and crypto are not changing anything for the betterment of the many.

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**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [February 28, 2022, 9:25am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/845 "2022-02-28T09:25:08Z")

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> [@Aaron](#):
>
> It might be better if you keep quiet

No, we are showing all the evil of crypto and you are showing the good. No one should be silenced. This forums is here to voice opinions. People can have different opinions and one can only learn to read as much information as possible.

> [@Aaron](#):
>
> It’s not even funny what happened to Brittany Spears.

People that have too much money and fame for their own good require strong shoulders and good friends. They are preyed upon by people who say they mean good but just want money.

> [@Aaron](#):
>
> I advocate the liberation of people who are in a bad situation. you should read more.

Money doesn’t solve problems. Pseudo valuables like crypto-tokens neither solve anything. I don’t doubt you believe what you say but the means you use (crypto) aren’t going to solve any issues those people have.

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<div class="post-metadata">

**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 28, 2022, 10:02am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/846 "2022-02-28T10:02:21Z")

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> [@Aedaxus](#):
>
> No, we are showing all the evil of crypto and you are showing the good. No one should be silenced. This forums is here to voice opinions. People can have different opinions and one can only learn to read as much information as possible.

This whole Brittney Spears conversation reminds me of that Simpsons episode where Chief Wiggum and other police run into a room where someone had been murdered and and the first thing Wiggum says is “Oh My God!! Someone took a bite out of the cake”

> [@Aedaxus](#):
>
> Money doesn’t solve problems. Pseudo valuables like crypto-tokens neither solve anything. I don’t doubt you believe what you say but the means you use (crypto) aren’t going to solve any issues those people have.

The means to earn a little bit of money through mining crypto passively will help people. Also I believe what Brittany spears went through was wrong and I’m glad she was able to get some kind of freedom through the use of BTC. So I guess it solved part of her problem, she wanted privacy and didn’t want her father watching her every purchase and she got it.

I can only tell you my background and experience, I was low income, crypto along with my computer skills did help to increase my income and I see absolutely no reason why it can’t help others like me.

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<div class="post-metadata">

**Author:** ![an675](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/an675/32/399327_2.png) [@an675](https://forums.eveonline.com/u/an675)\
**Post date:** [February 28, 2022, 10:36am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/847 "2022-02-28T10:36:46Z")

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> [@Aaron](#):
>
> I can only tell you my background and experience, I was low income, crypto along with my computer skills did help to increase my income and I see absolutely no reason why it can’t help others like me.

In your situation it may have helped you earn money, although your actual use of bitcoin seems to be somewhat limited - you sell hashing power for people to mine non-BTC coins, you receive payment as BTC which by your own admission you convert to GBP.

BTC doesn’t seem to provide you with any benefit, there would be no practical difference if Nicehash paid you in GBP.

There is also a massive distinction between someone earning what is considered a low wage in a wealthy economy (UK minimum wage is £18,532/$24,800/yr for 40 hour week), which still provided you sufficient money to buy the equipment required, and the levels of poverty seen in many areas of the world where people simply won’t ever be able to spend $100s on electronics when they can barely afford to eat or live (lowest 10 average annual incomes worldwide are less than $540).

Even ignoring the monetary investment, you note that a certain level of knowledge is required. Where does this come from?

While mining may allow non-wealthy people to generate some passive income, there are still clear barriers to entry which exclude the poorest and/or least educated from it.

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<div class="post-metadata">

**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 28, 2022, 1:00pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/848 "2022-02-28T13:00:41Z")

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> [@an675](#):
>
> BTC doesn’t seem to provide you with any benefit, there would be no practical difference if Nicehash paid you in GBP.

Incorrect, I have the option of storing the BTC in a cold wallet on Coinbase for investment purposes. The only reason I have not done this is that I am paying off debts from my low income days, they would like payment in GBP.

Once my debts are paid I will have a look at investing some BTC in the hope the value will be raised in a few years to come.

> [@an675](#):
>
> Even ignoring the monetary investment, you note that a certain level of knowledge is required. Where does this come from?

It comes from reading forums and watching youtube videos on the matter. Nicehash has an amazing forum and it was a great help, also reddit is very good. If you look at my earlier posts you will see a link to an article about two 14 and 9 year old boys earning $28,000 per month with the help of their father and youtube.

> [@an675](#):
>
> and the levels of poverty seen in many areas of the world where people simply won’t ever be able to spend $100s on electronics when they can barely afford to eat or live (lowest 10 average annual incomes worldwide are less than $540).

And now there is hope, All it takes is people from the community of these high poverty areas to kickstart a group mining operation. Yes it will be hard work, and I know there are people within these high poverty areas with similar or better computer skills than me or at least the ability to learn computing and crypto. A Dell or HP computer from 12 years ago can mine crypto something could be set up where people donate unwanted working computers, I am sure there are investors who could trade 8GB GPU’s to these people and they just have to send a little bit of BTC to the investor once they mine it.

Poor people are strong and resilient and i have every confidence they will find a way to invest in hardware/crypto mining.

The thing with crypto is that it will bring internet and computing to these high poverty areas which is a good thing as it will increase opportunities.

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<div class="post-metadata">

**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\
**Post date:** [February 28, 2022, 1:21pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/849 "2022-02-28T13:21:55Z")

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> [@an675](#):
>
> BTC doesn’t seem to provide you with any benefit, there would be no practical difference if Nicehash paid you in GBP.

Someone have to paid, in this case its people believing in future gains that are investors. People who pay real money for some new crypto, and there is a vide choice to buy some. Its like placing bets, and to keep the system going you need real money investment.

This is going somewhere, but not in the good direction for those who buy crypto with real money. Same as its not going in good direction for those who bet, who gamble their money away.

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<div class="post-metadata">

**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 28, 2022, 1:28pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/850 "2022-02-28T13:28:43Z")

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> [@Nana\_Skalski](#):
>
> This is going somewhere, but not in the good direction for those who buy crypto with real money. Same as its not going in good direction for those who bet, who gamble their money away.

This can be proven/disproven by understanding how many people have made money from investing in BTC, I know crypto has created lots of millionaires and still can.

> [@Nana\_Skalski](#):
>
> who gamble their money away.

The amount of BTC one has stays the same if it is not spent, it does not just disappear. It is only the value of the BTC one has that changes. So yes, a trader can lose Value in their BTC. but they only lose money when they choose to sell it at a lower value than they brought it.

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<div class="post-metadata">

**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [February 28, 2022, 1:37pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/851 "2022-02-28T13:37:53Z")

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> [@Aaron](#):
>
> Once my debts are paid I will have a look at investing some BTC in the hope the value will be raised in a few years to come.

It would be nice to see you get there and I admire your tenacity on finding a solution and using it to solve your financial issues. It’s nto because it works for you that it works for all people.

> [@Aaron](#):
>
> And now there is hope, All it takes is people from the community of these high poverty areas to kickstart a group mining operation. Yes it will be hard work, and I know there are people within these high poverty areas with similar or better computer skills than me or at least the ability to learn computing and crypto. A Dell or HP computer from 12 years ago can mine crypto something could be set up where people donate unwanted working computers, I am sure there are investors who could trade 8GB GPU’s to these people and they just have to send a little bit of BTC to the investor once they mine it.

It’s a fantastic idea and I hope somehow it gets done. But it’s a flawed business plan.

Who will install and maintain the PC hardware? Remeber it’s 12 years old. At least you need to maintain the fans and add lube ya know.  
Who will install, monitor and maintain the PC software?  
Who will pay the electricity bill (monthly and yearly end calculation)??

It would take around 1.5 years 100% of turnover to pay the investors back without an interest. At what point do you see a profit with which we can pay the people who work on it? It doesn’t scale and isn’t a business. Could be some kind of hobby with financial risk. Because prices of energy might triple in the next years. Did you research even the “resource” you use to create bitcoin (or whatever crypto #InBeforeButIt’sDeflectionCoin) ?

Here’s some light entertainment.

[![](https://global.discourse-cdn.com/eveonline/original/4X/b/6/f/b6f124abe1c1879bf29a2252a687d0ea2c36397b.jpeg "“We Would Kill Each Other” | Dragons' Den") ](https://www.youtube.com/watch?v=qEej7zKYhBg)

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