Re: Weekly loss of N% guaranteed - Enjoy perpetual loss with fixed Mh/s mining turds
Eskimobob, wealth isn't however much of currency N you hold, it's how much real stuff you can buy with currency N. If you believe wealth is whatever some numbers on a computer somewhere says instead of the amount of real stuff you have bankers are gonna own your ass bitcoin or no bitcoin.
I do not recall arguing against it. Buy miningturds (fixed Mh/s perpetual "bonds") and it's guaranteed, that every month you can buy less crap with your coin (what ever currency) if you cash in your "investment".
If some of you still think that miningturds are a good investment, please use simple calculations and actual data from GLBSE to confirm, what so many have told in this thread - your dividends will not cover your loss of principal even if BTC:USD price improves over time. You are better off sitting in BTC.
How hard is it to understand this?
If you have difficulty understanding 1+1-3=-1, please go play somewhere else
Yes it's possible just holding btc could be more profitable(and it has been over the last few months), but it's also more risky because if the price falls by 50% your wealth falls by 50% where as holding mining bonds you would be better protected in such a situation. Basically the reason you think mining bonds are turds is because you could put your wealth into something riskier and potentially profit even more - well duh but you're forgetting you could also lose a lot more if things go south too.