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dianadsouza on Jan 13, 2018 | hide | past | web | favorite

The page is down but it's not hard to figure out why this is a scam. If Kodak has a magic Box that's guaranteed to make money why would they sell it instead of just turning it on and keeping all of the reward?

Selling magic money boxes isn't in and of itself indicative of a scam.

Bitmain sells tons of magic money boxes. They do so because they can manufacture them much faster than they can build facilities to host hundreds of megawatts of hardware (their last 150MW farm has been more than a year in the making.)

Also, selling hardware is a way to diversify risk. Instead of mining and hoping Bitcoin doesn't crash tomorrow, the manufacturer can make money by selling the hardware today.

PS: I'm not defending Kodak. Just commenting on your argument.

Only sentence that makes no sense:

>Introducing the cryptocurrency isn’t a terrible idea.

Aside from the speculative windfalls, there has yet to be a valid use case that I've heard of.

You can tell it's a scam because of the way it is.

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