News for hackers. Stuff that matters.

A comment on No Bitcoin ETFs at Vanguard. Parent comment

Re:No Bitcoin ETFs at Vanguard by rjmunro on Sunday January 26, 2025 @01:46PM (#42832679)
> All money that has even been invested into Bitcoin + total cost of mining = all money that investors will ever get back

Don't you mean "All money that has even been invested into Bitcoin - total cost of mining = all money that investors will ever get back"

Cost of mining has left the system. "Investors" will never get it back.

[ Parent | on HN ]
Re:No Bitcoin ETFs at Vanguard by thaumasiotes on Sunday January 26, 2025 @03:18PM (#42833646)
This identity (with the minus) would be true if the only things you could do with Bitcoins were create them (at some cost) and then later destroy them for some kind of reward.

Since they can be transferred, it's analogous to saying that the amount of value produced by Visa is equal to negative one times Visa's revenue.

[ Parent | on HN ]
Re:No Bitcoin ETFs at Vanguard by loandbehold on Sunday January 26, 2025 @02:37PM (#42833242)
Sorry fixed
[ Parent | on HN ]