There isn’t a recommended size per se - it displays full width and the height is proportional to the original image. It won’t stretch or distort the image
“Stock futures inch higher Sunday after weaker-than-expected jobs report left investors looking up”
Actual headline.
I really enjoyed listening CitadelDispatch EP125 with nostr:npub1ye5ptcxfyyxl5vjvdjar2ua3f0hynkjzpx552mu5snj3qmx5pzjscpknpr and nostr:npub1lunaq893u4hmtpvqxpk8hfmtkqmm7ggutdtnc4hyuux2skr4ttcqr827lj. Thanks for sharing your experience and ideas. What is the current status of the Nostr Discord project you were talking about in the show?
We’ll have an initial release very soon!
So if you 1000x'ed the hashrate instantly... that's (10 * 60) / 1000... a block would get mined every 0.6 seconds on average for 20 mins until the difficulty tripled, and then that tripling would happen again 6 or 7 times to get back to the 10 min blocktime (I think) Would definitely clear out the mempool!
Oh I didn't know that, interesting
I love MMT people.
They are going to pump our #Bitcoin bags so freaking hard.
I am now an MMT Accelerationist. https://v.nostr.build/7GLQv.mp4
The real answer to the question of why the government does not simply print all the money it needs is that by putting the money into circulation and then subsequently reclaiming it through taxation they maintain a floor in demand for the currency
Haha yeah I wonder if anyone has done the math on that, like how low would the cost of energy actually have to be to make transmutation economically viable? Are we talking like a Dyson sphere?
In the theoretical extreme where humans could go and mine asteroids after exhausting the terrestrial supply, yes
For sure! I'm just thinking through this as a thought experiment
Yeah if it happened literally overnight the rate of btc being produced would increase temporarily until the difficulty adjustment kicked in. This is just a thought experiment though.
> In economics, the Jevons paradox occurs when technological progress increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the falling cost of use induces increases in demand enough that resource use is increased, rather than reduced.
Jevon's paradox is interesting, I had never heard of that before. But if I understand correctly, it only applies to consumable resources right?
The reason I'm saying the price of btc would stay the same is because the supply would stay the same (i.e. it cannot be consumed, nor can it be produced faster due to the difficulty adjustment)
Yes the *purchasing power* of btc would massively increase (due to the falling price of every other non-difficultly-adjusted commodity) but the price would stay the same (ok well it might actually increase in nominal terms because people have more disposable income due to their real expenses being reduced)
But then you can also expect to make 1000x times less profit, because you have 1000x times more competition
Ok if mining is free (like *actually* zero cost in the sense that energy is not longer scarce) we've circled back around to proof of stake haha