So people aren’t interested in earning a passive income? Ok
I suggested you do that because you seem to think BTC is a scam, you buying £100 worth of BTC will help you understand it more and be involved. At that point you can develop opinions that are accurate because you’ve experienced it.
Or you can choose to carry on picking things out of thin air thinking you have a valid argument when you don’t. Whatever you choose to do will have no effect on me. I hope I have made myself clear.
I was interested in testing what was originally posted. Then I asked some more questions and it appeared to me I didn’t know a lot about it, so now, after a lot of nice informational exchanges I decided Crypto mining isn’t something that would interest me. Neither NFT’s. Other people like it and hype it all around the world.
Good for you. But based on what you’ve typed you have come to a bad decision because you have made a decision on crypto without fully understanding it. But hey if this is how you do then please don’t let me stop you.
It wasn’t something that interested you anyway, you said you think it’s a scam.
That’s possible, remember when shark tank USA didn’t invest in Tesla? They might regret it. But then again, I make money my way and I’m ok with it. If people can make money through Bitcoin or crypto, why not, but they should accept me pointing out the good, the bad and the ugly sides of it.
If your info is correct then yes of course, no problem. The only issue is your info isn’t correct and you ignore and dismiss a lot.
I’m pretty sure that’s one of the plans. And it’s quite ingenious. It will bring a lot of capital to the country.
Not sure you read about me mining around 2009.
I don’t know buddy, I’m only responding to what you’ve typed. You said you think it’s a scam, so that’s what I believe you think.
Well, no one has countered it enough (for me). I still remain thinking it’s some kind of scam, maybe one day someone can explain it well enough here. 
Like fractional reserve banking (some central banks have no requirement for mininum reserves at all too)?
Where the virtual money is used to lend, yes. It’s a scam but apparently people get rich from it. Kinda like crypto, but centralized and with oversight. And customers’ bank accounts being backed by a nation, unlike with crypto.
Still waiting for metallurgical audits on gold reserves, that’s oversight.
Or you can find out for yourself through study and revision. It is probably best if you stay away from BTC and crypto if you need others to tell you it’s not a scam. FYI, it has been explained very well here. So carry on thinking it’s a scam.
Roosevelt’s infamous Executive Order 6102 gave Americans one month to give up their gold pocket change and gave FDR the ability to print and spend all the money he liked. It was viewed suspiciously and was widely unpopular, but it was largely obeyed. Millions of gold coins were dutifully taken to banks by bewildered but patriotic Americans to trade for paper dollars.
Actually, it doesn’t matter. If it’s more like a token(bullion) that’s trusted. Or do you distrust those crypto coins?
lose ?
No, you defend the market. Cryptology has been here for decades before bitcoin. distributed hashtables the same.
A ditributed encrypted ledger is not a “new” technology, in the end it’s just a more costly - that is, worse - one. And more prone to hack.
THAT is goal post shifting.
No, it’s a cost.
this is probably the stupidest thing to claim about bitcoin.
That’s not passive. Like someone else said, interests would give you more money than the numbers you gave.
Basically, that’s a loss. Plus, you are laundering money, and scamming people.
You are calling a scam “passive income”. You invented a new concept of cryptocurrency, the Proof Of Stupidity.
Or not.
Or maybe we already have knowledge about computer. And you are just not able to understand why your opinion is based on nonsense - you just are in the valley of stupidity. You discovered a topic, started to get information, now you believe you have knowledge - but you have only climbed the first hill and lack experience.
Just like, you did not answer me the question I asked several times, always dodging it and insulting me, like the cowards you are : what is the added value by bit coin ?
The answer is : there is none, besides for outlaws or speculation. So you are promoting illegal activities.
Ok fine, my opinion is based on nonsense, except I have used my opinion and skills to earn money which I am happy with and it has enabled me to pay off a good portion of my debt. If this is how things are in the valley of stupidity, I am very happy to be here.
I believed I could use computers with multiple graphics cards to earn money and I have done that successfully. I can pass on this knowledge and show other how to earn a passive income.
You should try watching the news sometimes I believe the USA has made some interesting announcements recently. You’re arguing with the wrong person, maybe you should forward your views to the person who created BTC.
As far as I can tell BTC is legal.
In my opinion BTC has value because it is finite and there will only ever be a limited amount. The currency is mostly governed by rules and not people and has attributes that can never change like the rate at which difficulty is set and the amount rewarded.
Personally I think your arguments are silly, it’s as if you don’t realise people have invested extremely large sums of money in it based on the advice of the worlds best financial advisors, Are you seriously trying to tell me you know better than all of them put together? Your opinion on this is weird as you are angry with an average guy who has done some research, purchased hardware and successfully earned money.
It is very well documented why BTC has value and everyone you ask will tell you something similar. But you keep asking the same question as if some of the brightest minds in the world haven’t already answered AND demonstrated.
Get real with your viewpoint’s on this.
Drops mic…
Passive income or passive loss.
After a lot of calculation it can be one or the other. There are variables people have to take into the equation, different values of them.
Correct again, I might leave my RX 580s mining when UK electric goes up even though they will only earn £0.06 to £0.10 per day after electric is paid. The value will increase at some point and I might be okay with waiting.
I remember watching lots of videos about crypto mining years ago when the BTC value was only £4,000 GBP, lots of miners still turned on their mining rigs and paid the electric out of their own money, this turned out great for them due to BTC being worth approx £30k today. There was so many debates about weather miners should bother turning on their miner or not.
These guys must have been on a passive loss for ages before they saw profit.
Yes, indeed. 
Sorry, my grammar was a bit loose there, I hope I didn’t lose anyone who tried to understand what I meant.
Below, a funny clip :
