Digital currency has been around for some time. For anyone with a Social Security Number and direct deposit, it's been the way you've been doing it for decades now. Paying with debit or credit, e-transfer, etc.
The bottom line with Bitcoin is that you need to buy it to invest in it. That whole data mining thing is a joke, in my opinion. You need racks and racks of equipment, all of the related electrical requirements, and an HVAC system designed to cool Death Valley. I know of a few people that do it. They may create a little bit of money, but it's mostly a liability. And how could they compete with some massive domestic or offshore installations, operating on an industrial scale.
So in my mind, it's just like the stock market. I don't know if I'll ever buy it. The thing is that they always put the the ultimate value of it, when quoting it, in good old US Dollars.
|