Nice. I believe same too but slightly different.
Roots of Austrian economy lies in Vedanta and somehow leads to our Indian Ancient knowledge about self & freedom.
The reason I found it very necessary to dive into Bitcoin technical is because of the lack of spiritual or let’s say lack of Wisdom in the many developers.
Freedom & Love is the mother out which everything springs out.
I’ve watched this five times and I still can’t get enough.
https://video.nostr.build/6001d0d18123785503ee7585a2100ba724cb309499d54e2783b173e9dbfbee54.mp4
❤️
Sad to see.
God bless them.
I hope Bitcoin can fix this.
nostr:note17pye4etxw79vvpg6khe7ecqtwq33kvn409matd07hq2xpyla4w8sm2pzzv
Received zaps, Thanks😊
If you are using Primal, it will show below the post. Amethyst also shows it I assume.
or you can check on https://nostr.band
We celebrated Bitcoin Halving from India🥰
SATS ARE MORE VALUABLE NOW🎉
Very good question and necessary for beginners to understand.
-First of all you need to understand that mining reward is not the security budget of Bitcoin Network. It is the “Reward” for mining blocks, awarded by Bitcoin Node Runners, currently 19,000 nodes running around the world on a simple $300 computer.
-Nodes have not employed miners to secure the Bitcoin Network. Miners are joining the network out of their own greed and spending electricity because Bitcoin network is giving Bitcoin reward every 10 minutes to solve a block.
And that reward is getting halved at every 4 years and still network is growing that shows that people are interested to run the miners and profiting from it and expanding the mining infrastructure.
Current hash rate is ~600 Billion Billion hash/s, this HashRate is growing 160% annually for the last 10 years. This computing network is running on roughly 20-25 GW of energy. 60-70% of these are renewables and wasted energy.
So clearly miners are making more money, otherwise they will stop mining blocks.
Some of the inefficient miners will have to turn off their machine because of less reward, it will decrease the selling pressure and Bitcoin price will increase.
So there is not hope that Price will increase.
Value of Bitcoin will increase because of the economical & game theoretical design of the “Bitcoin”.
It will keep becoming valuable to other assets because network is able to enforce strict supply in a permission-less and censorship resistant manner.
Bitcoin will keep growing.
Let me know if you have any questions. nostr:note1x0fx5z82tzjn933ccc08yqqc8ltl4ft7whm83adm5ep5hg04g8dsu5e8ef
Very good question and necessary for beginners to understand.
-First of all you need to understand that mining reward is not the security budget of Bitcoin Network. It is the “Reward” for mining blocks, awarded by Bitcoin Node Runners, currently 19,000 nodes running around the world on a simple $300 computer.
-Nodes have not employed miners to secure the Bitcoin Network. Miners are joining the network out of their own greed and spending electricity because Bitcoin network is giving Bitcoin reward every 10 minutes to solve a block.
And that reward is getting halved at every 4 years and still network is growing that shows that people are interested to run the miners and profiting from it and expanding the mining infrastructure.
Current hash rate is ~600 Billion Billion hash/s, this HashRate is growing 160% annually for the last 10 years. This computing network is running on roughly 20-25 GW of energy. 60-70% of these are renewables and wasted energy.
So clearly miners are making more money, otherwise they will stop mining blocks.
Some of the inefficient miners will have to turn off their machine because of less reward, it will decrease the selling pressure and Bitcoin price will increase.
So there is not hope that Price will increase.
Value of Bitcoin will increase because of the economical & game theoretical design of the “Bitcoin”.
It will keep becoming valuable to other assets because network is able to enforce strict supply in a permission-less and censorship resistant manner.
Bitcoin will keep growing.
Let me know if you have any questions.
1.3125 Million Bitcoin will be issued in the next 115 years.
That's only 6.25% of the current supply.
No one can imagine the magnitude of this thing.
We have entered into Golden Age.
There is lot to be build, I feel extremely happy that people are working and building for freedom money.
Future looks bright. God bless you all.❤️
Happy Independence Day in Advance.
#BitcoinHalving
3.125
🚀🚀🚀
Tomorrow #Bitcoin overtakes Gold after 7,000 years to become the hardest money to create man has ever discovered. LET’S GOOOOOO!!
144 BLOCKS REMAINING.
Halving is only 24 hours away.
Let’s go
Bitcoin
Bitcoin scaling and Open Source development funding with nostr:npub1gmm2ehusvs35zgh6pq84m8hkj4ea0ygy3c9j2e3slzhjjce3kmns5tdaz2
On nostr:npub1mxfxrry3jasxqy8fn8xs8n3xn4mxscwlwqmxstttvp6ejwz9c36squ3ppj BItcoin
Bitcoin is beautiful.