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rene  ·  1441 days ago  ·  link  ·    ·  parent  ·  post: Michael Saylor on Bitcoin's Next Billion HODLers

I’m sorry, I still don’t get it. I don’t dispute blockchain is valuable technology and here to stay, but I set my eyes on Bitcoin specifically as an unknown factor. Is it meant sit in vaults, like gold? Or is it meant to transact regularly, like a currency? I don’t think you can have both at the same time and it be a stable investment vehicle with better returns than real asset classes.

Per the hardware question, the building and energy management systems are valuable, probably more so than the chips. Chips fail, hard drives fail, and like the Argo they are remade, the result of which has been a market created that supports developing these chips for miners, trains professionals in the maintenance of these data centers and chip fabrication, and identifies geographies amenable to cheap high volume data processing. Regardless, to speak of the specific chips, they can serve institutional backed crypto currencies performing similar operations.

I just can’t shake the feeling Bitcoin is a Ponzi scheme