I used to mine to live (mined full time from January until July)
Now I mine gradually with my leftover hardware and look at other methods of earning BTC (1st class postage stamps anyone?).
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I'm still considering what could be valuable from the creation of goods and services augmented by blockchain technology. These disruptive technologies will come with increased efficiency and value creation. We may lose jobs in some sectors (like cashieers - but we'll gain in others, like payment technicians)
I am very curious of how could distributed work could persist and spread possibly infrastructure overhead across users to where there is a net benefit from the decentralization (for example - web of trust models and frameworks with creators, product checkers, product reviewers, and administrative personnel all virtually outsourced and facilitated in a p2p network based model to where temp workers can gain income from simply doing intraconnected tasks for 6 hours per day {efficiency allows humans to gain the same income from reduced output through increased efficiency}).
Unfortunately So far the status quo has been centralization and for good reason - centralization creates efficiency and importantly, consistency, however centralization has the reverse curse of focusing on the top down (executives and corporate staff get higher benefits and rewards for output unfairly as compared to the satellite, frontline employees) which is where distributed technology allows more participants a network area and by proxy greater availability of services.
...
Yes My strategy is hold and use only slightly gradually now
Now I mine gradually with my leftover hardware and look at other methods of earning BTC (1st class postage stamps anyone?).
...
I'm still considering what could be valuable from the creation of goods and services augmented by blockchain technology. These disruptive technologies will come with increased efficiency and value creation. We may lose jobs in some sectors (like cashieers - but we'll gain in others, like payment technicians)
I am very curious of how could distributed work could persist and spread possibly infrastructure overhead across users to where there is a net benefit from the decentralization (for example - web of trust models and frameworks with creators, product checkers, product reviewers, and administrative personnel all virtually outsourced and facilitated in a p2p network based model to where temp workers can gain income from simply doing intraconnected tasks for 6 hours per day {efficiency allows humans to gain the same income from reduced output through increased efficiency}).
Unfortunately So far the status quo has been centralization and for good reason - centralization creates efficiency and importantly, consistency, however centralization has the reverse curse of focusing on the top down (executives and corporate staff get higher benefits and rewards for output unfairly as compared to the satellite, frontline employees) which is where distributed technology allows more participants a network area and by proxy greater availability of services.
...
Yes My strategy is hold and use only slightly gradually now