Hacker News Reader

That's what I was thinking. I've been pretty into cryptocurrency for a good while now, out on some pretty distant frontiers at times. And the mining aspect of this makes no sense at all to me. I don't get it.

I think that's the bit where they're selling snake oil to the lower quartile of VCs. You and I know it's completely ridiculous, but they don't.

Look at tweets by Balaji https://twitter.com/balajis I think there may be some hints in there.

I guess their plan is to convince third parties that this is a great idea? Lazy businesses wanting to get into Bitcoin can be immensely more profitable than Bitcoin itself.