#cryptocancer — Public Fediverse posts

For "BITCOIN" like any counterfeit money, inflation is the outcome. Becauase by definition it adds money, but not wealth, products to make life better.

Same number of products, more money in the system.

I bake a cake, you buy it. You eat smiling, I have money.
I make more cake.

Or under bitcoin_____

I "make" money
You get no cake.

.

Bitcoins are financial cancer, it looks like economy, but it just sits there on your liver getting bigger.

#crypto #cancer #cryptoCancer #OpportunityCost

#Chia is already making HDD prices go up.
https://www.chiaexplorer.com/
Cryptocurrencies are cancer that's eating upbresources - all for a few people to get rich.
The HDD prices are highest they've been in the past half a year. This is not the pandemic, this is crypto. First GPUs, now HDDs.
People are buying petabytes of storage to hold useless noise in order to get Chia.
Which in 100+ days will yield 1 Chia (currently ~1 USD) per 1 TB of given up pool storage.
#crypto #cryptocurrency #cryptocancer