HCH 1.22% 83.0¢ hot chili limited

Essentially your paying a computer ( actually a network of...

  1. 7,306 Posts.
    lightbulb Created with Sketch. 1028
    Essentially your paying a computer ( actually a network of computers) a very very large sum of money ( The public paying the current price) to validate a simple peer to peer transaction. Of which the only thing produced is CO2, heat and computer hardware waste. The demand for this service is the only variable outcome, making bitcoin a demand driven waste producing virtual asset ( vapourware). Supply is fixed and bitcoin is a non producing asset ( except waste by products) supply gets harder and harder every 4 years ( Bitcoin Halving) causing more waste from power consumption and hardware upgrades to still produce nothing, but a string of validated code that goes up for auction to the highest bidder.
 
watchlist Created with Sketch. Add HCH (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.