Thanks for sharing your experience. Really value it.
No. Not even in part. For that I use a day job that fulfils that need completely (fortunately) and I think that's the case with the majority of the people in this thread (not saying that mining full time is not OK but then you will be competing with hobbyists/small investors in a way not seen in other investments, which is beneficial to Bitcoin like I discussed in an earlier post). You can start drawing future scenarios for my person or define "food" and "debt" in such a way that you can say "at least in part" but then there's very little meaning in the question: "what are you mining for?".
I prefer to think of it as "mostly currency" with properties that make it hold value better in it's money aspect than most FIAT currencies, but I really don't think anyone wants us to debate that here and I'm not that interested in definitions.
Cheers!
Fair enough, this probably isn't the place. Right now my time is so limited that I can't pursue this in great detail, but if you'd be interested in debating it some other time and in a new thread, I would be up for that. In reading my original post, it came off as an attack. In reality, I just hadn't had my coffee yet Aren't you? At least in part?
No. Not even in part. For that I use a day job that fulfils that need completely (fortunately) and I think that's the case with the majority of the people in this thread (not saying that mining full time is not OK but then you will be competing with hobbyists/small investors in a way not seen in other investments, which is beneficial to Bitcoin like I discussed in an earlier post). You can start drawing future scenarios for my person or define "food" and "debt" in such a way that you can say "at least in part" but then there's very little meaning in the question: "what are you mining for?".
Short Form. I think BTC will continue to rise against traditional fiat, and I think of it more as a store of value than a daily currency.
I prefer to think of it as "mostly currency" with properties that make it hold value better in it's money aspect than most FIAT currencies, but I really don't think anyone wants us to debate that here and I'm not that interested in definitions.
Cheers!
I find a lot of your stated opinions to be similar to mine, and I like your posts. I think it would be an engaging debate. Anyway, I'll leave it at that for now, except to say that economics is a rather serious hobby of mine. That is what initially attracted me to bitcoin, it's a novel approach to money. Not exactly fiat, not tangible, but with elements of both. It seems a worthy experiment from many different angles.