lol

If the value of Bitcoin plummets, then the profitability of mining drops, then miners drop out, and the remaining miners become more profitable. The difficulty adjusts and the issuance rate remains stable.

If the value soars, the profitability goes up and new entrants enter the mining game. Then the difficulty adjusts and the issuances rate remains stable.

I don’t understand your second scenario at all. The price falling makes transactions prohibitively expensive? Do you mean the price of bitcoin falls to where no one can mine it profitably? That era already came and went and it did not lead to collapse of the value, quite the opposite.

Also, your opinion that bitcoins are “worthless” is just one opinion, there are 8 billion others that affect whether bitcoins have worth or not, and currently one is worth ~$48k.

I think you might be misunderstanding the difference between miners producing blocks and users submitting transactions, as well as block reward versus transaction fees. At least you’re mixing up the terminology and your meaning is unclear.

windows 🤣

Why do people complain about the CEO-employee pay gap but not the professional athlete-stadium janitor pay gap?

Conspiracy?!?!

Yesterday I walked for twenty minutes or so, maybe more. Today, I did the elliptical machine, walked-jogged, and the elliptical machine for about 40 minutes total. I changed up my 10-10-10 so it didn't get boring.

I replaced the water pump on my tractor after months of waiting for parts and getting the wrong part and trying again. It's an old tractor that is hard to find parts for. Anyhow, finally, got the water pump replaced and tested, started it up, no leaks, things working well. Pumped up the flat tyres, and drove it around the yard all excited.

Then I lowered the 3-point hitch and when I went to raise it it wouldn't come back up, and the hydraulic pump was making a bad scraping sound. The hitch would vibrate and come up slowly but it sounded really bad so I decided not to try to raise it.

If it isn't one thing, it's another.

(Did I plumb the coolant into the hydraulics? No, no, that's not possible)

Biden has done more for Ukraine in a single term than he's done for America in 50 years.

You get one wish. Go!

Time to decide

sovereignty & love

vs

control & fear

Is very much here

hi, y'all❣️ new to Nostr #introductions

New to Nostr #introductions