How exactly? Who is doing this? Withdrawal from exchanges into Venezuela? Who is buying bitcoins for Bolivars?
How did the family get the capital asset of an antminer in the first place? How are they paying for electricity?
How is this sustainable? Why is a random family able to compete with businesses that have real economy of scale, rather than having their margin driven to zero?
Excuse me.
Was more a reaction on "The only thing people are actually using Bitcoin for right now is to sell to other people for more than they bought it (or maybe to sell for less than they bought it to launder money)."
"Nobody will ever use bitcoin as a means of exchange if the price of a car today is 30% less than it is tomorrow."
Yeah, that's not how it works. Most holders just spend and replenish with fiat.
"The most important thing with a means of transaction is the stability of its value. Bitcoin will never be stable so long as it is used as a vehicle for investment (aka a commodity)."
Bitcoin Cash is a non-evolving non-innovating whitepaper cult claiming to be btc because they believe btc should be exactly what was defined on a piece of paper 9 years ago, totally disregarding new/improved tech.
Not true. Bitcoin Cash supporters (including myself) just want on-chain scaling pursued. There's a lot you can do there (graphene, pruning, sharding) before resorting to off-chain scaling.
