The day after my post it dropped from $8.6 to $7.5, five days later it was up to $9.3!This is so damn smart.
I think it's borne out of paranoia of a cashless society, being an attempt to bring uncontrollable cash into the digital age. You could argue that creating hundreds of millions of dollars out of thousands of dollars of electricity has helped stimulate the world economy, however value to society is a moot point when concerning capitalism, which is by design full of frivolous consumerism and deliberately overinflated bureaucracy for the sake of perpetuating employment.I cannot understand the rationale of wasting electricity/ computing power just for the sake of handling blockchain transactions. All these ecurrencies don't seems to add value to society just like spammer not adding value to IM.
Just my few cents. BTC and ETH are different in terms of purposes for which they can be used. BTC's core use is storing and moving of value securely and at low fees, while ETH serves a wider range of tasks - decentralized applications, escrow etc. So my opinion is that both of the technologies have the right to live.
Bitcoin could be great as an investment, but right now I fail to see it being advantageous over other investment routes.
We must have to buy Bitcoins if we can invest them at good place.
I'd like to use your method for investing and earning bitcoins.