Book recommendations? #asknostr
Trying to fleece TC seems like a bad idea.
Gold is going to go to the moon!
About 100%. There is approximately 2 dollars worth of gold in a Goldback. Goldback is as close to counterfeit proof as can be. The technology and the machinery to make a Goldback cost about 10 million dollars.
Why doesn’t the bond market pile into the metals nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a until there is more clarity on where the market is headed?
You can only tax a person at 100%. Ha! Governments is putting the weight of that money in taxes for future generations.
Where is the money coming from?
Wow! That’s incredible. Perfect! Thank you so much.
Controlling the Bitcoin network would cost an attacker approx. $7.9 billion in equipment and around $2,000,0000 in energy costs per hour.
Destroying a #house is much easier.
It is obvious which is the better store of value.
The cost of the equipment ($7.9 billion) is based on a calculation that suggests the three largest pools together account for 66.87% of the network hashrate (in June 2023), a whopping 242.42 EH/s (242 million TH/ s).
An attacker would therefore need more power.
To achieve this, the attacker would need more than 941,634 S19 XP Hydros - which would mean a fixed cost of almost $7.9 billion, plus a building to house the equipment, maintenance staff, electricity and cooling etc.
The cost of the hashrate is based on an extremely simplified and unrealistic cost modeling based on the price of the SHA256 hashrate on nicehash (inspired by nostr:npub1ac8qr6chl3ktfnfdjvqd97y5tdgs2eg579tvd0rdfydhgjtdzcdqnr657s).
If someone tried to buy this much hashrate, the would rise massively, making it more costly.
I think it would be a great thought exercise to compare this to other POW coins. Compare the amount of capital needed to destroy a POW coin and to show which is most vulnerable.
Still a lot of froth in the market.
Not a shocker. Smartphones didn’t exist at the time of the Gold ETF.
Wait until Central Banks reprice #gold at 10k. People are going to lose their…
The website might crash tonight
lol. I know wearing the Satoshi shirt.
haha. I think you mistyped #gold