40 JUST IN: $210 million liquidated from the crypto market in the past 60 minutes. (twitter.com) posted 217 days ago by sAVAge_bEaST 217 days ago by sAVAge_bEaST +40 / -0 18 comments share 18 comments share save hide report block hide replies
So to get bitcoin, I either mine it myself at significant effort and cost or give USD to someone for a digital code. So in effect, someone always gets the cash and when theh music stops, whoever has the actual cash, wins.
There is nothing significant about the effort or cost of mining bitcoin. Takes minutes to set up and is profitable on my 6-year-old hardware.