Yeah, me too. ASICS are just too loud and hot though for me.
That will come. Remember when we didn’t use our phones to buy things? It will flip faster than that.
The human mind can not comprehend exponential growth.
We are linear thinkers.
Ask someone how tall would a sheet of printer paper be if you folded 50 times and they’d likely guess 20 feet? 100 feet? Skyscraper height?
No. It would be 100,000,000 kilometers high. 2/3 of the way from the Earth to the sun.
₿itcoin is exponential technology built into money. You are incapable of understanding this. So am I.
Faces will melt.
Yes, I use it all the time. Only to send. No lnurl to receive.
The reason I like Strike is that I don’t ever touch ₿itcoin when I zap. So no tax implications! But the recipient gets sats!
Nodes don’t earn.
Miners can earn, but it’s very competitive.
I use Strike to zap and Wallet of Satoshi (custodial) to receive.
Stoves are cool. Until they’re hot.
Could be anyone. Nodes are easy to run on a pc, laptop, or raspberry pie! The core software is kept small in order to incentivize decentralization!
Mining is a bit harder to get into because it is possibly the purest form of competitive worldwide capitalism to ever exist! Mining is so competitive that only the cheapest or free stranded energy is used in order for miners to stay in business. Totally cool!
Oh, he’s an influencer all right. He was on here just the other day pumping Hanes comfort fit t-shirts. These influencer types, lordy!😂🤣😂🤣
Yes, miners and nodes secure the network in a symbiotic insentive based system.
Miners, typically in pools, expend energy to brute force guess a large random number roughly every 10 minutes.
The first miner to find this number gets to write the next block in the blockchain.
The voluntary nodes then verify that the miner has followed the rules set forth in the genesis block by auditing every single transaction since bitcoin’s inception and then rewards the miner with 6.25 ₿tc.
If the miner cheats, by say trying to double spend or increase the 21 million cap, the nodes reject the block and the miner has wasted energy/capital, which is costly. This is why Proof of Work is the very soul of ₿itcoin and without it, ₿itcoin would be worthless, like Ethereum. Lol.
By pegging ₿itcoin’s issuance to the one thing in the universe that can not be created nor destroyed, energy; Satoshi Nakamoto created the hardest money the world has ever known and simultaneously discovered absolute digital scarcity.
Money 1.0.
What if ₿itcoin has usurped diversification?
Turns out the arrogant fiat rich will understand ₿itcoin last. Rejoice, fellow plebs!🌽