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ryanjordan
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GP at VAM | Regen Capitalist

“144 billion cubic metres of natural gas are vented or flared worldwide every year because it is not worth building a pipeline or collecting the gas in any other way.

Venting natural gas releases methane into the atmosphere, which is a more potent greenhouse gas than carbon dioxide.

Since #Bitcoin  miners can go where the energy source is, this otherwise wasted energy can be used. In fact, the operators of these petroleum deposits have a financial incentive to use this energy.

This wasted energy alone is enough to power the entire #Bitcoin  network several times over.

Mining #Bitcoin  is good for the environment because it gives companies an economic incentive to use stranded or wasted energy.”

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Over the last 5 years #bitcoin has averaged 90% CAGR per year.

Let’s be conservative and cut that in half to 45% and hold for 10 years.

In reality that would be much longer assuming you’re under the age of 55.

2033 purchasing power…. $279k

Bummer. I’m trying to think of the simplest way to onboard a normie friend. Outside of Strike and River is there an easier way?

Can you withdrawal sats and self custody with cash app?

Blackrock’s #Bitcoin ETF fine print.

They know in order for them to gain control of the network they’ll have to hard fork.

Read this 👇🏼

For sure. In addition, there is 59 billion square miles of farmland and much that land is farmed by farmers dependent on subsidies from their governments to abide by their farming practices (tilling and chemicals). You’ll hear say, “get your soil bubbling.” Like boiling water.

All because they are being squeezed by the fiat monster.

Replying to Avatar Carl B Menger

Can #Bitcoin 's hard cap of 21 million be changed?

Some #Bitcoin  critics recently claimed that since Bitcoin is nothing but software, the rules of the Bitcoin network can be "easily" changed, especially regarding the 21 million hard cap, since it is "only" two lines of code.

Let’s have a deeper look on how to theoretically change #Bitcoin ‘s 21 million limit 👇

First, developers would have to make a proposal and then write the code to implement this change. There would be a community discussion, which would probably be controversial. If these changes are accepted by the developers, they would be integrated into Bitcoin Core.

Next, the community would have to agree to an activation path to ensure that the network is collectively converted to the new rules.

A change to the supply cap would require a HARD FORK, meaning that all nodes on the network would have to adopt the changes or be forced off the network.

As part of the activation path, both miners and nodes would signal their support for the change, and once a dominant part of the network signals support, the change would be activated.

Nodes and miners that rejected the change would retain the original #Bitcoin  network, and the two networks would compete for market share and hash rate.

And no, this would not be the first hard fork. In fact, #Bitcoin  hard forks are part of history, with Bitcoin Cash being the most recent example.

In response to the Blocksize War, some Bitcoin developers and users decided to initiate a Hard Fork to avoid the associated protocol updates. Bitcoin Cash was the result of this hard fork. It split from the main blockchain in August 2017 when Bitcoin Cash wallets rejected Bitcoin transactions and blocks.

Bitcoin Cash remains the most successful hard fork, having lost more than 90% of its value against #Bitcoin .

I invite all doubters to try to raise #Bitcoin 's 21 million hard cap, because in the end it's all FUD spread by people who either don't know any better or who want to cheat you out of your hard capped #Bitcoin .

At this stage there is an extremely high probability for them to hard fork the network.

They must control everything.

Blocksize Wars Part II

The sequel is never as good as the first. 😂

I mean with rational root’s spiral chart it can be quite reasonable.

Everyone has different time preferences.

Not that I would recommend selling real money for fake money.

This is so lit 🔥

If you know, you know.

Updated 1990 TMNT Trailer

https://m.youtube.com/watch?v=lLkhbGNvf3g

Now we know his motivation for Drivechains.

Nice! On year five. Definitely takes some discipline because it’s a time commitment. “Atomic Habits” can help if you haven’t read already lol

“I must study #Bitcoin that my sons may have liberty to study Painting and Poetry Mathematicks and Philosophy.” -John Adams

“Drivechains, and several earlier sidechains ideas, are not a scalability improvement, but merely enabling users to opt-in for another security model.while obviously any future with wider adoption will need different technologies that have different trade-offs, and anyone is free to choose their security model, I don't think this particular one is interesting.

In terms of validation cost to auditors, it ls as bad as rust a capacity increase on chain, while simultaneously adding the extra risk of miners being able to vote to steal your money.”

Cheers,

Pieter