If all transactions across the globe eventually take place in the future, bitcoin miners will do just fine from transaction fees.
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There is no need to be rude. 🫂
What Mdk is saying is true the hodl mentally will ultimately
Kill #Bitcoin.
When all the coins are mined with that mentally there will be no trasnacting to keep the bitcoin miners running.
Therefore leaving our network vulnerable to attach
And double spending.
#Bitcoin needs an echo system and nft to keep the transactions going and miners fed in order to keep the network strong.
People don't see a lot of these thing because they drank the coolaid... There gains to be made but a lot people choose to ignore a lot of really issue.
Of #Bitcoin fix everything that means everything needs to be onchain. In order for #Bitcoin to works it's magic. And that would involve bring nft to #Btc and other things.
Discussion
*Transactions on the Bitcoin network that is.
Yes but the hodl mentally is not good for that. And what rate... Also you can't predict the future of the kilowatt
#Bitcoin is energy . Once it gets expensive it will be different.
Hodl mentality is good to keep the scarcity up and encourage new Bitcoiners to join the party until mainstream adoption sets in. At that point price volatility will be negligible and a new economic era will be upon us where energy will be priced in Bitcoin.
There only 14.8 million coin the rest are lost.
I would say the scarcity is up.
The tmajority of the supply is already out there. And what left mining is like 3 million coins left.
This is why the etf is going to get approved. Because there will be no more dumping on the market.
So then what even if everything is price in #Bitcoin.. Which I talked about also..
We would all still be broke completed to elite once again.
Compared to * 😑 sorry lol
If and when we make it a global Bitcoin standard as global currency you shouldn’t have to Hodl very much (like 1 Bitcoin as family legacy and to pass to future family generations) and the rest of what you own and get paid in will be for circulation through the economy. It’s hard to say. I’m just thinking out loud with what is an education view. Doesn’t mean I am right and that I can’t accept other scenarios. I’m open to other educated views to ponder.
I mean I would only hope the world wakes up to thing but I doubt it.
And yes this is what this is here for.. For us to debate the things that are right in front of us.
There so many questions unanswered with bitcoin but everyone knows the answer. Like they build it... Most people even talking about bitcoin only been in since 21 🤣🤣🤣 respectfully
The great saying is you buy #Bitcoin at what you deserve.
But overall I do hope it does become something special
But as of right now it was a good attempt but we still got slaughter by major corp.
The math is on chain we hold nothing compared to them
In the #Bitcoin world one bitcoin means your Broke lets face it.
I put out the math on how many wallets own 1k in bitcoin everyone got happy like see 🤣🤣🤣
Then you show them the on chain metric for whales and bears
And they back to orange pilling people
Why I say so Npc like on here especially
🫂🫂🫂 but I follow you cuz at least you have a brain 🫂
Hope your day goes well stack sats
I was wondering why you think the gist of a kilowatt will go up in the future? I know rates are high on average across the United States. Residential rates are .16 per kilowatt on average. You won’t believe what I pay. I pay .34 and that is discounted because I plug in an EV. A Tesla S I bought 10 years ago. I wanted to mine at home but BTC price would have to be 66K for me to break even so I have them hosted at .075 in another state. At about 35k BTC I break even. I think that once the tech we already have is allowed to flow, energy will be free. I know that sounds crazy and I’m not talking about that happening in this generation or the next but maybe after that. I really like what magnetic generated power is proving. I can implement it here at home but it’s pretty costly right now so in the next couple of years, maybe I can afford it as prices come down. Once the 3 aligned magnets start to spin they don’t stop. Some maintenance on bearings get done periodically. Also, have you read Jeff Booths The Price of Tomorrow? I found the book useful.