this post was submitted on 14 Sep 2023
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And that money came from someone. You can’t win in crypto unless someone else loses. Typically it’s vulnerable people wishing for a get rich quick hack who lose.
You probably don't really know how much of it works. I was paid by a mining pool, for completing blockchain work segments. The mining pool being a for-profit enterprise that pays GPU workers to mine coins that they keep or sell for profit. If you want to extrapolate that to the extent that you imagine I'm harvesting someone else's wealth, then you're going to have to warm up for an intense workout of mental gymnastics.
No, you were given a piece of a worthless token by the mining pool. If you ever want to get anything with that worthless token somebody else has to lose money. That somebody makes the bet that another somebody will be an idiot and lose more money so he can get his back.
I bought gold with the crypto haha. Mined me up some gold with a computer.
I'm hoping the gold appreciates in value over time, but I also just wanted to see if I could directly get gold with the crypto and I could.