MGT 1.59% 32.0¢ magnetite mines limited.

Bitcoin has zero utility, cant handle more than 8 transactions a...

  1. 222 Posts.
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    Bitcoin has zero utility, cant handle more than 8 transactions a second and chokes the nodes up with data if it gets used, along with huge transaction fees. It gets recognition because its first off the rank but the moment it gets surpassed it will be all over and rightfully join the ranks of the (other) shitcoins....lol

    MGT is in a prime position on the face of it, seemingly having a favoured position in the Govt.s eyes, otherwise why give them 1.5 billion tonnes of extra magnetite? To me that speaks volumes as to the likelihood of this getting serious assistance to get off the ground, it's sort of a recognition by Govt. that they think the management are capable.

    Read into it what you will but that's my take.

    Just my thoughts here but better not to say how much cash you got. it's nobodies business but your own.

    Good luck bud, you seem like you're in a good space, lets hope that continues and we all get there through MGT succeding!!
 
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