I feel quite embarrassed of just now starting to hear and learn about this ‘bitcoin mining’ thing, and apparently how profitable it is. It’s actually scaring me in a way.
From what I can make out, the ‘Bitcoin’ started as early as 2008. And the reason is some people are worried the government has too much control over the banks (how they could stop your account), and so someone made their own ‘internet currency’.
Of course, the threat of a ‘global financial collapse’ didn’t exactly help much (which could still happen, mind you). You know, that thing experts warn that physical paper and coin money would be useless if it happens?
And…that’s as far as I know. I’m guessing this ‘bitcoin mining’ is similar to buying (and selling) Gold or Stocks, which..seems perfectly legal. However, what’s not OK with this, is these people who mine are buying loads of GPU’s, which is causing these hardware manufactures (AMD especially) to jack up their prices in hopes of stopping this thing. For example, a 1080Ti that was once $400…is now $700+.
But without knowing the entire story, I don’t really know if they’re to blame here. Which is what’s scaring me. It’s almost if these “Cryptocurrency” miners might be trying to send a signal to buy before the banks siege your money (aka the global financial collapse).
I do know this is the same currency that these assholes who make Ransomware are using, to trick people in getting their files back. I know THAT’s illegal, at least. Bitcoin cannot be traced to the one that received it, which that to me is… I dunno.
What are “laws”, really? Are they just holding us back? Just feels like there’s dark times ahead. Excuse me while I go get my tinfoil hat.