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admin

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Everything posted by admin

  1. In another 10 years you will still feel that Bitcoin is in its early days.
  2. Bitcoin para llegar a 100k solo debe subir 198% pero la gente sigue en negación o te llaman estafador, que rápido han olvidado que subió 1.500% en los últimos 12 meses.
  3. “So what do you do?” “I work in bitcoin mining” “Oh cool. So what coins should I buy?”
  4. What happens when Texas owns most of the bitcoin hash power instead of China?
  5. Correct: When measured in fiat, Bitcoin price will rise infinitely. I will NEVER sell my Bitcoin for printed-to-infinity IOU's, the same as somebody who bought a block in Manhattan on the 1800's will never sell it no matter how high the price goes when measured in ever-worth-less USD. You earn in value appreciation/equity against USD as well as in the expensive rents your tenants are paying. If you need even more fiat you borrow against it, and pass the prime real estate to your children and grand children... for many generations, and they don't ever sell it for fiat either.
  6. BTC no es para crear riqueza, es para conservarla, así como el oro y plata.
  7. Bitcoin es una buena forma de diversificar tu portafolio de inversión y creo que cualquier inversionista debería ponerse a estudiar sobre las cryptomonedas y su futuro.
  8. When people are mining they're tying a bunch of numbers together + a "nonce" (aka number used once) and they are attempting to produce a number with a certain number of leading 0's in front. So you mine like so, assuming looking for number with three zeroes in front. Take inputs of 123, 456, and ABC, + my nonce of 1. Output is 12345.., not a valid Take same inputs as above, but nonce of 2. Output is 012345... Close but still not 3 zeroes in front Take same inputs but nonce of 3. Output is now 00000012345, wooo! Difficulty is based on how many 0s in front of a randomly generated number.
  9. Reward is the amount of BTC you get for mining a block. Over time, reward decrease at each halving. Difficulty is how hard it is to mine a block. The difficulty is set so that, on average, a block is mined every 10 minutes. If a lot of people starts mining, all of a sudden blocks will be mined sooner than 10 minutes on average. So when a new difficulty is set it will be harder to mine a block in order to get the average back to 10 minutes. If a lot of people stop mining, like these days, blocks will be mined on average less than every 10 minutes. When the difficulty readjust, like expected, the difficulty will drop so that the remaining miners can mine every 10 minutes.
  10. Bitcoin's mining difficulty is poised to see its largest drop ever in an upcoming adjustment. Multiple on-chain data sites estimate that the mining difficulty will see a plunge of around 21% in its upcoming adjustment that is set to happen at the block height 689,472. The difficulty and hash rate plunge reflect the magnitude of China’s mining farm shutdown orders this month. This is not bad or good. This is just how bitcoin is supposed to function. It also reduces energy expenditure.
  11. And then China decided to ban it and the miners had to move to other countries..... now we should see the supply squeeze start up again slowly going forward.
  12. If the Fed hadn’t printed all the new money, we would already be in another Great Depression. Inflation and deflation seems to move slowly but just because glaciers move slowly doesn’t mean there isn’t incomprehensible force and power.
  13. The fed is printing so much because in a sense they're fighting deflation. Over time were getting less and less economic growth from each new dollar created. This means we have to print more and more to prop the economy up. But the economy needs propping up because of a deflationary environment which is highly problematic in a debt based economy. The problem is they have to keep printing to keep their debt system alive but at some point there's too many dollars and we get hyperinflation. The dollar as the world reserve currency is why confidence in the dollar remains and the fed can keep printing.
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