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Ladislav Mecir is a 57-year-old computer programmer who lives in the small town outside Prague. He compares crypto to CERN (the European Organization for Nuclear Research) that takes $1b per year to operate, observing that, like CERN, cryptocurrency requires tremendous financial investment even though the public benefits are uncertain.
When asked if he regrets not investing in Bitcoin back in 2012, when the market price was around $2 per coin, Mecir shrugged. “It could have gone the other way,” he said. He explained that he is somewhat risk averse and prefers to spend his money on more stable financial investments, like paying down his home mortgage. Even though he has not invested in Bitcoin financially, Mecir feels that he is nonetheless a stakeholder of sorts. "I invest my time," he said. “I learned a lot, and I cannot lose what I have learned.”
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