View Single Post
  #4 (permalink)  
Old June 29, 2012, 10:43 AM
NyteOwl's Avatar
NyteOwl NyteOwl is offline
Allstar
 
Join Date: Aug 2008
Location: Nova Scotia
Posts: 905
Default

Basically it's a scheme where people figure they get something for nothing :) It geenrally costs more in equipment, wear and electricity than you'd ever be able to redeem the bitcoins for in material value. Nice scam for the originators though since the whole thing is biased in favour of early adopters and the security leaves a lot to be desired.
__________________
Obsolescence is just a lack of imagination.
Reply With Quote