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InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)BL
blandfordforever @ blandfordforever @lemm.ee
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0
Comments
249
Joined
2 yr. ago

  • Its just an entry in a ledger. It says something like, "blandfordforever sends courageousstep 1 coin" along with a cryptographic signature from blandforever that validates the transaction. This means you now have and can transfer that coin to someone else, provided that you have the key to sign the appropriate transaction. That's all it is.

    The miners are all competing to sign a "block" of transactions onto the ledger by figuring out new correct answer to a math problem that's determined in part by a number from the previous block. They are rewarded for this by being able to send themselves a preset number of coins in this new block they've signed. Transactions aren't final until they've been added to the blockchain by this mechanism.

  • Enshitified product exists - > good alternative arises to meet demand - > good alternative becomes popular - > good alternative either becomes enshitified to maximize profits or is purchased by owner of original enshitified product.

    The capitalist way.

  • Complains that bubble needs to pop. Is trying to sell a condo but has it priced too high to attract any buyers. Doesn't lower price.

    My dude, your desire for more money is the bubble that's holding back the sale.

    Your scenario is a microcosm of the whole market.