They want to eliminate cash and block banks transfers to exchanges before everyone realize #Bitcoin importance and rush to exchange fiat for #BTC. Be faster.
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That's how I met your mother kids...😂
One man's trash is another man's treasure
#Bitcoin is alchemical!
Tick tock next natiòn #Bitcoin
#Nakamoto consensus in #PoS can be easily counterfeited as 1 big entity can subdivide its stake in multiple entities addresses. Scary thing is governments or big insitutions could already own >51% >67% of your PoS chain without you ever knowing about it.
They could acquire majority of a foundation or exchange stake without you even noticing, there is no need to go to lit exchanges, buy tokens and bump up prices when you can privately give fiat to foundations and move small tokens amount from their subaccounts to yours.
While on the other hand we have history teaching us that when a government try to attack a #PoW declaring mining illegal, miners just covert or transfer their operations to more friendly countries. #China ban on #Bitcoin mining is a powerful example.
So what a government should do if it is not able to stop a network that potentially could replace a collapsing fiat system? Partecipate in it. Let #hashwar begins.
Interesting blog about the power of #Bitcoin DCA and how it performs against SP500
On why in the long term PoS carbon neutral argument against PoW is going to be invalid. #Bitcoin mining is a benediction for humanity transition to efficient and sustainable energy production.
credits: u/vanlifecrypto on reddit
While in PoS or hybrid PoS chains where there is no connection to physical energy the clones needs much less resources in order to gain "security" and decentralization: it is far more easier to build a network of people incentivized by massive gains than to build a network of miners collecting energy.
In this way PoS currencies are much like fiat currencies! Even if a single PoS chain cannot inflate its supply, its forks with more incentives are going eventually to indirectly inflate it.
How #Nano and #Banano are performing relatively to #Bitcoin. Aside from the clear downtrend Nano meme clone being lower market cap holds better against Btc, lack of incentives in Nano network makes clones much more desirable because they can multiply investors bags more easily.
The same pattern did NOT happened with #Bitcoin and its forks like #BCH #BSV #BTG. Of a total of 105 forks only 74 are considered actives. None of them has overperformed #BTC as of today. Why this difference in comparison to #Nano?
Because of PoW: a global decentralized network of machines around the world that tie Bitcoin security with energy. No Bitcoin clone can replicate as it forks this global network and its connection with energy. That's why every BTC forks eventually go to 0 against it.
Be prepared to stack even harder because sometimes history rhymes... #Bitcoin
The simple reason #Bitcoin will succeed Is because the greed of the many (to save) Is a stronger force than the greed of the few (to print money for wars and control). Easy as that.
No problem for me, all my btc are kyc but you know boating accidents are so common these days (at least they solve tiny txns problem)
Too late to buy btc at 1$, too early to buy a 10 hectar ranch with 0.1btc
Welcome to the 0.1% of world population who understands Bitcoin
Nostr in italian almost sounds like "nostro" which means "our"
This is our place, a place for free people.