Row 88409

Row ID: 88409 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 88409 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

> You don't earn btc by buying btc

Mining is an exact, 1:1 functionally speaking analogue for staking. The dance has different steps to it, the window dressing is a different color, but the end result is the same. To get accelerating returns:

* 1) You invest money/assets in the crypto * In BTC, you do that by buying mining machines * In ETH, you do that by buying and staking coins

* 2) You get a return more than you invested from step 1. * In BTC, you get blocks for mining, exactly (statistically) proportional to how much you invested * In ETH, you get your stake reward, exactly proportional to how much you invested

* 3) You re-invest that in more of the generating asset, lather rinse repeat * In BTC, you buy MORE mining machines with those block rewards * In ETH, you buy and then stake MORE tokens, with those stake rewards

In both cases, the rich get richer, exactly proportional to their investment. It is functionally identical.

> Ethereum however, you literally can just "stake" it and earn

In Bitcoin, you "literally can just buy miners and earn", the exact analogue.

> Hence why people are even having this dicussion about eth etf being a dividend paying etf, and nobody mentioning that about btc at all.

People are dumb, what do you want from me? And argument ad populum is a fallacy.

FieldValue
text > You don't earn btc by buying btc Mining is an exact, 1:1 functionally speaking analogue for staking. The dance has different steps to it, the window dressing is a different color, but the end result is the same. To get accelerating returns: * 1) You invest money/assets in the crypto * In BTC, you do that by buying mining machines * In ETH, you do that by buying and staking coins * 2) You get a return more than you invested from step 1. * In BTC, you get blocks for mining, exactly (statis…
label r/cryptocurrency
dataType comment
communityName r/CryptoCurrency
datetime 2024-05-24
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Raw Record

{
  "text": "> You don't earn btc by buying btc\n\nMining is an exact, 1:1 functionally speaking analogue for staking. The dance has different steps to it, the window dressing is a different color, but the end result is the same. To get accelerating returns:\n\n* 1) You invest money/assets in the crypto\n * In BTC, you do that by buying mining machines\n * In ETH, you do that by buying and staking coins\n\n* 2) You get a return more than you invested from step 1.\n * In BTC, you get blocks for mining, exactly (statistically) proportional to how much you invested\n * In ETH, you get your stake reward, exactly proportional to how much you invested\n\n* 3) You re-invest that in more of the generating asset, lather rinse repeat\n * In BTC, you buy MORE mining machines with those block rewards\n * In ETH, you buy and then stake MORE tokens, with those stake rewards\n\nIn both cases, the rich get richer, exactly proportional to their investment. It is functionally identical.\n\n> Ethereum however, you literally can just \"stake\" it and earn\n\nIn Bitcoin, you \"literally can just buy miners and earn\", the exact analogue.\n\n> Hence why people are even having this dicussion about eth etf being a dividend paying etf, and nobody mentioning that about btc at all.\n\nPeople are dumb, what do you want from me? And argument ad populum is a fallacy.",
  "label": "r/cryptocurrency",
  "dataType": "comment",
  "communityName": "r/CryptoCurrency",
  "datetime": "2024-05-24",
  "username_encoded": "Z0FBQUFBQm5Lak1xc0hoOWN4bmRERUhDTnFBUFRDalB1SDNybU9tODRRcG1OcEgzNm40bjItQV9Od2kybnFyRmw4Wm9HSjQtOF9qN1BlWjRRWGJtWDl2MEJCLUkxa1pmWFE9PQ==",
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}
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