Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
jmw74
on 20/05/2015, 21:23:54 UTC
the only financial plan i've heard of is the 25/75% split btwn the consumer and 21, so the consumer is going to get spending coin.  and that would be business savvy for the companies b/c that allows consumers to purchase other services and features.  yes, the mining and hardware wallet will be on autopilot and already setup which makes it brain dead easy for even guys like you to use so you won't feel so bad for having not bought @ $13.

I can't quite tell but I think you're serious?

The consumer is going to get 25% of jack shit, and a bigger electricity bill. You can't possibly think this is a business model.

These ASICs are going to be nearly obsolete by the time anyone plugs them into a socket. They are not going to mine anything of value, certainly not enough to pay for any real world resources. A few satoshis is below the dust limit and unspendable.

Even if that were somehow overcome, do you really think that all the power outlets that people can use today for free, will still be free, once it becomes clear freeloaders will be making real profits by stealing power? Of course not. They're only free today because no one is trying to take advantage of them.

21's plan, as stated, is pure bullshit. The only question is whether they know it or not.