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by babypuncher 1754 days ago
I'm pretty sure most of them just see mining as quick easy cash. If people actually valued the decentralization aspect then more would be using it for day to day transactions rather than just speculative investments.
1 comments

Miners? Not a chance. They know exactly what they are doing for decentralization and censorship resistance. It requires large capital investment over many years, and often includes long energy contracts with providers. If you believe mining Bitcoin is 'quick easy cash' I am afraid you are mistaken (in 2021).

Some Retail investors? Sure -- but I'm sure you could find misinformed investors in all fields.

The point nocoiners miss is that holding Bitcoin IS using it. It is storing value over larger periods, and especially through jurisdictions with poor fiscal policies. Many like me will not sell their Bitcoin at any price -- especially not for dirty fiat.