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Posts
6
Comments
690
Joined
2 yr. ago

  • Bitcoin is deflationary. There is a hard limit on the total number of bitcoins that will ever exist. Every so often, the reward for mining a block is halved. Eventually there will be effectively zero reward for mining at all.

  • That might have been true a decade ago. But GPUs and FPGAs have long been obsolete for mining Bitcoin.

    Mining is happening on custom silicon in large-scale operations. They specifically observed several of those large-scale operations in multiple nations and extrapolated out. I don't see how that methodology is flawed.

  • ...I didn't believe you. I had to look it up to confirm it.

    Damn. Never even noticed.

  • Human beings who want to speak with other human beings.

    I know. It can seem like a strange concept to some people. It's strange to me that they find it strange.

  • And it better have maple syrup!

  • $2.73 would buy lunch tomorrow

  • Plenty of humans make those judgements about their own creations. And plenty of them get a shock when they release their creations to the masses and don't get the praise that they expected.

  • Tool time!