Post
Topic
Board Bitcoin Discussion
Re: mine a Bitcoin or buy a bitcoin?
by
witcher_sense
on 26/08/2022, 05:56:01 UTC
In general, there are two ways to acquire bitcoins: buying them with real money or "mining" them. The process of mining is the process of acquiring bitcoin, and therefore mining is mining for coins.
There are two ways to acquire bitcoin: either by "economic means" or "political means." Economic means include but are not limited to purchasing, earning, mining, donations, and other activities that involve mutually agreed, voluntary exchanges completely free of any coercion and aggression. Both purchasing and mining involve putting some effort in order to obtain desired currency in a peaceful manner. Both these activities can facilitate non-KYC acquisitions of bitcoin and therefore are of the same importance for people valuing their privacy. Political means, on the other hand, always involve aggression against other people and include but are not limited to confiscation, stealing, taxation, seizure, inflation, and any other activities that imply involuntary deprivation of funds and enrichment at the expense of others. If there is anything an honest bitcoiner must be squarely and totally against, it is the acquisition of bitcoin using aggressive political means that, more often than not, are being employed by the most powerful entities , which are governments.