For every miner taken offline gives extra incentive to those that stay online. Bitcoin mining in China could cease to exist today and all miners in other countries would have extra incentive.

There is also the mining difficulty adjustment that updates every 2 weeks to ensure BTC blocks are mined every (approx) 10 minutes

As for truly decentralized, check the nodes of BTC compared to any other proof of work project. The system is BUILT to be decentralized, it's up for us, the world, mine/buy/hold/sell for ownership to be spread out. This takes time.

Look at Doge - 1 wallet address owns 25% of entire supply
Look at Ripple/XRP - premined to own 70% of all supply of XRP
Look at BCH/BSV - aiming for less nodes = more centralization
etc etc

99.9% of altcoins are money grabs, scams, or centralized, my advice don't buy into that shit :2 cents:

I agree with that lol.

However BTC is nothing more than a instrument of increasing wealth...in fiat/ other material assets

it doesn't serve as money (too expensive, slow, volatile).

decentralized block chain idea is a good one though.

heck, Monero has real life use (when you want to buy sth "deep online"), but btc? come on...

That's one of the main intentions of Bitcoin, protect your value against the central banks inflation scam

In the future it will. BTC 2nd layer on Lightning & Liquid allows for free & instant payments. It works right now but not ready for full mass adoption yet. Volatile upward is nice :pimp

I love Monero, probably the only altcoin I feel might serve a great purpose :thumbsup

Yes, we want the Guilder back and dump the Euro and later the BTC ;)
But i bought cause i thought can't go much lower (can always go to 0) and they are busy.
They now will cut the supply and start with defi, ntf etcetra.
I supported the guilder with 1000 euro and now 2500 euro in 10 days.
This is the Dutch doge. Better result than the lottery so far.
Available on Bittrex.

https://gulden.medium.com/
https://coinmarketcap.com/currencies/gulden/

China is the world’s biggest coal user.Cheap electricity. 75 percent of Bitcoin mining happens in China, no wonder why.

It's time to start to fight for climate change :warning

hrx coin....

Chinas also the biggest solar power generator.
Biggest Gas power generator.
Biggest Wind power generator.
Biggest Hydro power generator.

Its the cool thing about big populations you can find an argument for anything.


---

Property prices are exploding here in Sydney and that's where my money is, we're not even bothering renting out rentals any more, buy-hold.. flip.

https://theurbandeveloper.com/articl...-market-update

Price has been going up 10-20% per year, and when you can borrow at 2-5% its just a no brainer.

bump....

I just bought $1,000 of BTC on the dip.

Am I stupid or a smart investor?
(I guess the two are not mutually exclusive hehe)

good luck!
anyway, potential of losses is unlimited. its math.

so I would be careful with such thinking.
from 100 to 2 its 98 % loss.
But buying for 2 doesnt mean its cheap, as it may go down to 1, another 50 % down.

and later you add zero at the beginning at the fun starts again...

Some people think they know everything, therefore they stop learning. They "know it all"

For anyone willing to learn about the truth of Bitcoin mining:

https://www.coindesk.com/podcasts/co...mental-fud-nyt - podcast, and read stuff from Nic Carter, he's been researching and writing papers on Bitcoin mining and the lies, misconceptions, & FUD about it for years.

another smart guy who debunks environmentalist lies, Dan Held, he's got a recent tweet storm:
https://twitter.com/danheld/status/1351235080103096331

So when you hear someone (like above) trying to associate 75% of coal mining with Bitcoin, you know they're lying pieces of shit

Don't debunk it. It is great to see the environmentalist overcome their preaching when they start making money from it. Just like they are protesting and than need a vacation by plane.

We are all like All Gore, that is An Inconvenient Truth. He uses more enegy than 99,9% of the people on earth. Paid by climate movies.

i also would say, stop buying Tesla, that will be spent on bitcoins. Tesla also doesn't make money from selling cars.
They make money by selling CO2 emission rights (probably sells them 10 times). That is bought by other car companies.
And that is in the end paid by the tax payer in the form of green taxes. Tesla stock = Tax money. And with the profit he buys bitcoins.
Mined in China that can do that cause the Paris Climate Agreement (they can produce more CO2 till 2030)
Aren't governments stupid doing that?

Tasty1, you're right. Still, i like to point out the liars. These same "environmentalists" have nothing negative to say about traditional banking energy consumption, or gold mining, etc etc
If he was so pro-environmentalist he'd also not contribute to the energy usage of the internet by posting here

So I bought $1,000.00 of BTC on Friday (3 days ago) and so far? Lost $98.51.

Ballin'!!

What was your intention of buying, for short term gain? Every Bitcoin ever bought has/had opportunity for great profits with time & patience.

hodl!!!..............

Time and Patience sound like strippers man. Bada-bing!!

Actually it's a bit of an experiment. See how far the dip goes and then, when 5% above the initial $1,000 invest more. If it dips 5% from its' new high, buy more or sell to leverage profits.

Of course, if it falls down to say $10 then I am screwed BUT would be a great time to buy more!

In other words: this BTC roller coaster ride isn't ending anytime soon. I bought $5,000 four years ago and foolishly sold when it dipped 5%. Even tho I made around $6,000 in profit (nice) if I had held today that BTC would be worth $60,000 and counting.

Fun game eh?

^^^ PornNerd, just live by Nikki's advice!! :winkwink:

Trust the central banks inflation scam! It is real. HODL long term and you will profit. Keep in mind, Bitcoin's newly created coins get cut in half in 2024, by 2025 the BTC price will be raging.

Interesting thank you!

I learned my lesson the hard way so I am on the HODL bandwagon now. :)

Thanks Biden! He started sale season. Just reached the 50.000 but strong buying there.

Yeah, be sure and blame Biden for fucks sake.

Right around 49k now. Time to buy!

No doubt

https://i.imgur.com/oW15Qvq.jpg

I just bought a bushel of these on eBay. I'm spamming Nigerians right now! I'm fucking rich! This shit is easy as pie.

Down 18% since I bought in at 61K so you can blame me.

Fun. :(

Did you vote for Biden? guilt by association :1orglaugh

Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors’ funds with him

https://cryptowhalex.medium.com/turk...th-df030495d74

Nacho keys, Nacho coin. When will the fools ever learn!?

This situation reminds me of the QuadrigaCX (i see the article mentions it also) :disgust

This will be a big manhunt

Yep... $2 billion buys you equally many friends and enemys. If I was his family, I would not sleep well

#Bitcoincollapse

Bet you'd be selling now, instead of buying :1orglaugh

I look when to buy, or other coins. I dumped it at 58.000

Dumped 3 bitcoins at 60K. Kept 60K to buy a car, put the rest in etherium.
So far, great move.

If only I had a Time Machine...lol

Bitcoin Collapse 2.0

I’m still waiting for the crash 💥

Missed out on the previous dips... so bought a little, hihi.

I didn't buy back the old BTC. I bought back the new peoples bitcoin $doge.
If all wallstreetsbet now think this is the real bitcoin, it will be the new bitcoin.
Let all the banks and billionairs with their investment funds hodl bitcoin till 35.000 usd = 3500 doge.
While $doge will reach 10 usd as most famous coin in the world.

I bet we break the 1 usd in one moonshot till 1,50 to break all shorters. A Gamespot plan.



well, i hope :)

You do realize doge coin has no real purpose right?

What is the purpose of Bitcoin? Not a payment system, too slow and expensive.

"What is the purpose of bitcoin?
Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies."

So why should the people invest in Bitcoin, now that the banks are taking it over.
They will get the money from the small investor by pump and dump or tweet.

Doge is the same, but can be used as payment system, not only for bitcoin millionairs and hedgefunds, faster, cheaper. More coins so more people can hold a whole coin instead of 0,05 BTC and always feel poor.

And it is all what you imagine, if we think the Bitcoin is dead, it is dead. We move on to doge. More supply, just like Ether has unlimited supply. And it is going fast, next week everybody switches from BTC to Doge and BTC dominance will go below 40%. You can see that satuday night live. I hope.