Comment on LiteCoin Mining on EC2 is currently profitableparentComments−knowitall12yWhat are you even talking about? Buying bitcoins and mining are not the same thing.Just keep the bitcoins you bought and thank HN in 10 years for making you rich.Btw Bitcoin is also very interesting from a technical point of view.−sentenza12yBut infuriatingly, the NSA scandal is causing technical trouble with my (our?) actual primary source of income, but is practically banned from HN.If the NSA is "too political" for HN, then Bitcoin is "too get rich quick without working" for HN.−astrodust12yHow are those shares from all those companies in the Y2K bubble working out for you?−knowitall12yDid you invest 100000k $ in Bitcoin? I suggest investing 1k as an anti-black swan option. Or something like that. (If the economy crashes, BTC might be worth a lot. Or not. But the option doesn't cost much).−astrodust12yIf you're describing Bitcoin as an option play, that's not very encouraging.I think it's useful as a method of exchanging money where the official options are terrible, or for certain forms of online payments.It's value as a currency store is completely unknown.
Comments
What are you even talking about? Buying bitcoins and mining are not the same thing.
Just keep the bitcoins you bought and thank HN in 10 years for making you rich.
Btw Bitcoin is also very interesting from a technical point of view.
But infuriatingly, the NSA scandal is causing technical trouble with my (our?) actual primary source of income, but is practically banned from HN.
If the NSA is "too political" for HN, then Bitcoin is "too get rich quick without working" for HN.
How are those shares from all those companies in the Y2K bubble working out for you?
Did you invest 100000k $ in Bitcoin? I suggest investing 1k as an anti-black swan option. Or something like that. (If the economy crashes, BTC might be worth a lot. Or not. But the option doesn't cost much).
If you're describing Bitcoin as an option play, that's not very encouraging.
I think it's useful as a method of exchanging money where the official options are terrible, or for certain forms of online payments.
It's value as a currency store is completely unknown.