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mykopikid
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Hahaha... ""But this Bitcoin thing is interesting since being invented by a promising Space Force Major at MIT."... WTF

Is this a good representation of the bitcoin overview?

https://void.cat/d/3P64LuCwzWchxArNnGwCi6.webp

pagi pagi pegi picnic ke?

Trying to figure out the relations between hash rate and price. Are they connected? I wondered if the following is sound:

- When hashrate goes up, difficultly adjust and goes up.

- when difficulty goes up, the cost of mining goes up.

- when the cost of mining goes up, the price goes up.

Is this correct?

Coffee: El Salvador Las Brumas

Process: Washed

Cafe: MyEspresso Cafe, Malaysia

Brewing method: V60

Dosage: 16g

Temperature: 92C

Yield: 250ml

Extraction time: 1.30min

Taste: Sweet, citrus, smooth, clean

There is nothing special about honey. I appreciate the taste but it's just mostly sugar and a little nutrients and trace mineral. Fructose is not good for the liver.

What's stopping you from our meetup? Come.

On the other hand, I don't care for honey. The downside far exceeds the upside.

What is this story that there is not enough UTXO to serve the entire world population? If you have a UTXO of 1btc, isn't it possible that you can actually 100mil UTXO by sending 1 sat to 1 address? Isn't it in theory, 80 bitcoin can create up to 8bil addresses of a single sat?

Money as a representation of value:

Imagine you wake up everyday, expand your energy in a productive enterprise.

1. You make coffee, someone appreciate your coffee and exchange your coffee with a value.

2. You swept the floor for someone, they appreciate your work and exchange your hard work with a value.

3. Like David Beckham, you score a tremendous goal and bring a moment of joy to millions and they show their appreciation and you received millions in value.

Now, imagine you must spend all the value in a single day else they degrade to nothing by tomorrow.

Most will think that is horrible. But what if they degrade in a week? Or a year? Or 10 years?

Would you prefer to store all the value into something that does not degrade? That is why gold has been a store of value for thousands of years. They can hardly degrade but their supply does gradually increase even though at a slow rate.

But when you store them in fiat currencies, the degradation is a certainty. In Malaysia, the Ringgit has degrade over the past 12 years in the range of 30% - 100% depending on how you measure them.

Bitcoin fixes this.

Store your value in something that do not degrade.

Dosage: 19.2g

Temperature: 92C for extraction

Espresso output: 30ml

Cup: 210ml

Milk temperature: 60C

https://nostr.build/av/e8b65ec2f5620565faa2a663b91cb701942a352a11d200098d20fba28241970d.mp4