“The difficulty-adjustment is about keeping a constant time not a constant level of security, difficulty, or energy expenditure.
This is ingenious because good money has to be costly in time not energy.”
“The difficulty adjustment is essential because without it the internal clock of Bitcoin would tend to go faster and faster as more minors join the network...”
Cred: Bitcoin Is Time
Milli-sats are great on Lightning. According to @jimmysong we have nothing to worry about until $1 billion per bitcoin (current purchasing power).
Enough sats for everyone.
But how is that a limited supply? 😂
“I’ve spent quite a lot of time studying Bitcoin so I understand how this technology can be revolutionary.” However, what I’m more excited about is how blockchain can literally change the world.”
Ummm, you are either extremely dense or you’re flat out lying.
It doesn’t take long after listening to someone if they have really done the work.
Don’t be like that guy lol
My first exposure to bitcoin, I completely laughed it off.
My second exposure, I had to admit to myself that I didn't understand money, cryptography, distributed networks, etc.
I had to drop my ego and be willing to learn.
The first price you pay for #bitcoin is humility.
“Yield curve controls is rocket fuel for all these inflationary assets. If they try and suppress yields while inflation moves up this summer, uh that’s rockets fuel for all those scare assets.” Lyn Alden
None more scare than #Bitcoin
Stack the corn & grass feed the cattle.
Bitcoin Maston Instance