Reading an excerpted article in Star today, "Bitcoin Mining boom sputters" and in Star2, 'paper version' "Cryptocurrency conundrum" {unfortunately I can't find the online version}, what started as in 'individual' pursuit has become the monopoly of "miners", not unlike the De Beers Diamond monopoly and a host of other Muscled corporations. Also Reading through this, "Beginner's Guide to Mining bitcoins" it sure looks like the "free lunch" phase of bitcoin mining has long gone.
Which makes me think. Who owns those bitcoin AVMs in Bangsar
KL, and Gurney Plaza, Penang? Miners, or exchange companies,{like our
money changers?}
Either way, the "investing" small time
public is already screwed. Getting your bitcoin at its intrinsic value,
and holding it for eventual profit is a dream. Who has to pay for those
massively computing "mining equipment and electricity bills" and who
will pay the Transaction fees for the money exchangers? Hahahah, we
already know,,, the suckers!
Well, you can expect a lot of those suckers to be around
Bangsar and Gurney Plaza, or else how do those Nigerian scammers con
Audit firm owners of millions of ringgit, among many others
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