[tor-talk] Is there any societal use in Bitcoin?

grarpamp grarpamp at gmail.com
Fri Sep 29 08:08:13 PDT 2017


On Fri, Sep 29, 2017 at 4:17 AM, jim bell <jdb10987 at yahoo.com> wrote:
> Question:  Why does a bitcoin mining hardware manufacturer WANT to sell that
> equipment?
> After all, the theory of transactions is that the seller wants the money
> more than the product, which the buyer wants the product more than the
> money.  But if the seller could make just as much money as the buyer does,
> keeping the machines and running them, why should he want to sell?
> One reason is that the manufacturer might be in an area that has relatively
> higher electricity costs, and the buyer might be in an area of lower
> electricity costs.  In that case, there is a reason to transfer the machine
> to the area with lower cost of operation.

Sales profit may be greater than mining profit at times, which
can fund production costs to build more hash in waiting for
themselves for free.
Manu-miners may scheme to posit and flood an older line to
market as best of class, and privately mine new tech for free.
They could be getting too close to %50 so they just sell
for profit into that wall to lower it.
Need for old world fiat by traditional means instead of crypto.
Philosophy understanding things would go downhill if they
didn't support the coin benevolently eg: decentralize it.
Because it's fun.
Other reasons for sure.


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