Pre on Nostr: Massive public bitcoin mining company, Marathon: "Screw this Bitcoin Mining business! ...
Massive public bitcoin mining company, Marathon:
"Screw this Bitcoin Mining business! Toiling with processors doing hard proof-of-work every day. Mug's game innit? You know what we're gonna do with our money?.. We're gonna BUY BITCOIN instead!"
They said, "Mining machines are a waste of money, underemployed capital innit?"
Economic experts agreed: "Microstrategy proved there is no point owning a public company that isn't simply holding bitcoin, now Marathon prove there is no point in even mining bitcoin either."
Said another even more important expert: "There is literally no better use for all shitty fiat money than buying bitcoin. Not software, not services, not even mining bitcoin!"
A further expert, Mr Jump Beforeyougetpushed, said "Jump in the life-boat or drown in the liquidity that's coming!" as he climbed off the exit-ramp into safety.
In the end the only expert that matters, your mum, commented, "It is the Bitcoin Event Horizon, no economic activity is more profitable than holding bitcoin so all economic activity stops, right now"
"Screw this Bitcoin Mining business! Toiling with processors doing hard proof-of-work every day. Mug's game innit? You know what we're gonna do with our money?.. We're gonna BUY BITCOIN instead!"
They said, "Mining machines are a waste of money, underemployed capital innit?"
Economic experts agreed: "Microstrategy proved there is no point owning a public company that isn't simply holding bitcoin, now Marathon prove there is no point in even mining bitcoin either."
Said another even more important expert: "There is literally no better use for all shitty fiat money than buying bitcoin. Not software, not services, not even mining bitcoin!"
A further expert, Mr Jump Beforeyougetpushed, said "Jump in the life-boat or drown in the liquidity that's coming!" as he climbed off the exit-ramp into safety.
In the end the only expert that matters, your mum, commented, "It is the Bitcoin Event Horizon, no economic activity is more profitable than holding bitcoin so all economic activity stops, right now"