Post
Topic
Board Economics
Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat
by
rdnkjdi
on 07/04/2014, 14:07:08 UTC
rdnkjdi, if the demand for botnets drives them to the same cost as purchasing the hardware, then no one is getting coins at lower cost than anyone else. Is that point clear?

The botnet owner gets a higher price for his botnets but that has no impact on the cpu coin's economy. I am happy if botnet owners make a lot of money, that is the only way people are going to learn to protect their computers and at least the hardware isn't sitting idle. The botnet owners are providing a useful service.

I just have a way of seeing paradigm shifts that others don't.

To an extent it makes sense.  Just like AWS price goes up if the price of coins go up to make it profitable to mine on AWS.

I'm going to have to absorb it.  Crypto is an easy way to monetize botnets - and my guess is that the guy who rents the botnet.  While he will pay more for it than he would have prior to this wildly popular CPU coin.  He will still be paying less per coin to generate than the person purchasing a new computer or renting AWS will.