A miner for a heart of zinc

Step right up and take a chance:

Some people have gotten so serious about it that they are building a computer farm in Iceland for the specific purpose of mining Bitcoins. I gave them $100 to see if they can make any money for me. Some people might want to call it an investment, but to me it’s more like gambling. It’s just enough money that I should remember to check on it occasionally to see if it is producing any results. It’s entirely possible they have faked the video and have taken my money and spent it [on] lattes for all their friends. We shall see.

This is the video of which he speaks. The actual value of bitcoin varies, like every other currency, “real” or crypto. (Possible exception: the Venezuelan bolívar, which has been worth pretty much nothing for some time.)

3 comments

  1. In The Mailbox: 09.15.17 : The Other McCain »

    15 September 2017 · 8:47 pm

    […] Dustbury: A Miner For A Heart Of Zinc […]

  2. McG »

    16 September 2017 · 8:03 am

    I’ve been amused over the last couple of years by people wondering whether Bitcoin would be a good hedge against a coming apocalypse. As if a bunch of ones and zeroes on a smartphone would be a good way to buy fresh game from a roving band of hunter-gatherers…

  3. fillyjonk »

    16 September 2017 · 8:39 am

    Even the highly-touted (by some) gold-for-home-storage would be less useful than a good store of seeds or the ability to hunt/fish, if a real SHTF situation happens. If survival is a question, you can’t eat gold.

    I know I tend to be a Luddite but I don’t trust things that don’t exist in a form I can hold in my hand.

RSS feed for comments on this post