The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth.

I am going to bitcoin hug zap ⚡️ every comment on this note for next 24 hours

Bull markets can be more strenuous and disorienting than bear markets. Tread lightly, don't do anything stupid, don't lose your mind, and try your best to remain calm and focused. It's relatively easy to "stay humble and stack sats" in a bear market. It's harder in the bull, especially the first part. That said, don't forget to take care of yourself and make sure to enjoy the ride.

Grateful to be on this journey with ya'll.

957. Workaholic

Credit where credit is due

Damn!

BREAKING: #Bitcoin miners sold over 30,000 $BTC (~$2 billion) in June, the highest amount this year, dropping reserves to a 14-year low.

The recent #Bitcoin halving cut profits, causing smaller miners to sell off #Bitcoin to cover operation costs.

i have never been able to answer this question:

"Who will the baby boomers sell their assets to?"

You remove the trace though, so even if the exchange knows you have purchased btc in the past, they can't trace where you're sending it.

Technical indicators and all that bullshit from traders is useless, what is useful is to understand Bitcoin and Bitcoin is a proxy for global liquidity, it was designed for it, it is a punishment to money printing.

The formula is summarized in:

- Increased liquidity = Increased Bitcoin price.

- Decrease in liquidity = Decrease in Bitcoin price.

There is another very important variable which is adoption, but in the short medium term the most important thing for price variations is liquidity.

I am sorry to tell you that there is no more.

This worries me 10x more than token fads 'spamming' Bitcoin.