Community Trust ScoreVerified
Michael Saylor expressed: “Each time a Bitcoin miner comes public or raises capital, they make the entire network stronger by increasing the amount of permanent capital committed to the security of the ecosystem and success of the asset.”
Community response: Do you want to live well and for free? Or just see your investment go high and high but not selling, and then seeing it go low and low while letting regret hit because you want 100x and is at break even or loss.
Mining power forms potential Bitcoin lows. And each time Bitmain opens a new bottle of champagne. ASICS absolutely ruined Bitcoin decentralization. Can you really call it decentralized when one company produces half of the networks mining equipment with patented hardware?
Perhaps someone should fund the R&D for bitcoin ASICS, remove the dependence on China made ASICS, it would be much better to have a variety of manufacturers to choose from.
Bitcoin is bread pudding, when computational effort and energy are used to mine a block in Bitcoin, the residual gain is infinite. The proof of work is reused for a “separate, useful, and verifiably correct” purpose through the end of time.
What happens to mining when all Bitcoin is mined? That will not happen until the year 2140, by then miners will only collect transaction fees.
The positives in crypto and mining crypto is galactic. I will continue to mine, you just keep buying MSTR.
Hashrate will fully recover this year and China’s miner ban will show its irrelevance. China, you can’t control freewill of mankind and never will. Autocratic regimes are relic and will go away.
Negative Community response: That causes further harm to the environment, soaks up the electricity grids burning more fossil fuels and release carbon to the atmosphere. BTC I can’t breathe.
Sorry to be a nay-sayer here but when miners do this, it increases “your” security and the security of your business and clients because you and yours stand to gain the most from this. You are the application of the old ethos upon the new system.
BTC is developing in all thinkable fields of economy, it is a multi-functional asset. Still we are reacting to China news.
Up until when the China news will last why they don’t you just go away and leave crypto once and for all and leave it to the rest of World. They are hurting every nation of the world by making such a news again and again.
