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$1,999: GMO Reveals Details of Its New 7nm Bitcoin Miner

$1,999: GMO Reveals Details of Its New 7nm Bitcoin Miner submitted by BTCNews to BTCNews [link] [comments]

$1,999: GMO Reveals Details of Its New 7nm Bitcoin Miner

$1,999: GMO Reveals Details of Its New 7nm Bitcoin Miner submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

[CoinDesk] - $1,999: GMO Reveals Details of Its New 7nm Bitcoin Miner

[CoinDesk] - $1,999: GMO Reveals Details of Its New 7nm Bitcoin Miner submitted by waqqasalvi to Coinpick [link] [comments]

TIL: There will only be 20,999,999.9769 bitcoin. We could add decimal places and keep the miner subsidy going on forever (we will still never reach 21 million bitcoin assuming we continue with halving the subsidy). The necessity of a fee market for the long-term security is a lie!

https://en.bitcoin.it/w/images/en/4/42/Controlled_supply-supply_over_block_height.png
submitted by BIP-101 to btc [link] [comments]

TIL: There will only be 20,999,999.9769 bitcoin. We could add decimal places and keep the miner subsidy going on forever (we will still never reach 21 million bitcoin assuming we continue with halving the subsidy). The necessity of a fee market for the long-term security is a lie! /r/btc

TIL: There will only be 20,999,999.9769 bitcoin. We could add decimal places and keep the miner subsidy going on forever (we will still never reach 21 million bitcoin assuming we continue with halving the subsidy). The necessity of a fee market for the long-term security is a lie! /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

18.1 million bitcoin down, 2.9 million to go!

The number of bitcoin remaining to be mined gets smaller and smaller every day. You will have individuals, corporations, and governments all competing on the world stage to mine the rest. That should give anyone pause as you reflect on how hard it will be to get your hands on them.
Stay humble, stack sats my friends. Have a great weekend!
submitted by jgun83 to Bitcoin [link] [comments]

07-06 10:45 - 'You don’t have to be a miner to write text to Bitcoin/Bitcoin Cash / Bitcoin SV blockchain. See [link] for a service that will write to SV (for payment in SV). Started off Bitcoin. A video on human readable data on bl...' by /u/Blockchainauditor removed from /r/Bitcoin within 47-57min

'''
You don’t have to be a miner to write text to Bitcoin/Bitcoin Cash/ Bitcoin SV blockchain. See [link]1 for a service that will write to SV (for payment in SV). Started off Bitcoin. A video on human readable data on blockchain: [link]2
'''
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1: www*cry*togr****ti.info 2: you*u.be*G4q8*8zW**U
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submitted by removalbot to removalbot [link] [comments]

06-19 17:25 - '[quote] The hash isn't set per se. It's just that it needs to fulfil certain criteria (have a certain amount of zeroes in front, which signifies how hard it is to "find" this hash). This criteria is set by the open source...' by /u/TheGreatMuffin removed from /r/Bitcoin within 0-10min

'''
who sets the target hash that is to be mined?
The hash isn't set per se. It's just that it needs to fulfil certain criteria (have a certain amount of zeroes in front, which signifies how hard it is to "find" this hash). This criteria is set by the open source [code]1 , which is run by all the relevant participants (full nodes and miners).
If a block hash doesn't fulfil this criteria, it gets rejected by the rest of the network.
So the criteria is in the code, and the "enforcement" happens by the [network of full nodes]2 which run that code.
'''
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1: *it**b.co*/bitcoin/bi**oin* 2: h*c***no*n.com/**t**i*-miners-be*are-inva*id-**o*ks*n*e*-not-app*y-5*c293ee278b
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

30+ Reasons Why Cryptocurrencies Are Worthless

1)It is possible to change the code through a miner vote or a fork and change the total supply or anything. DASH did it : they reduced the total supply from 84M to 18.9M a few years ago. They could also increase it to 999 Trillions if they wanted to so that millions of DASH are mined every week.

2)You can also fork bitcoin anytime , start over from 0 and claim it's the real bitcoin. (BCH , BSV , BTG , LTC , BCD etc)

3)Why would you pay $10,000 for a digital collectible unit called BTC when you can use BCH or TRX or LTC .. you name it. They work just as fine and cost less. There is no rarity like in gold.

4)Think of any amount you hold in ethereum as a gift card to use smart contracts on the ETH blockchain. Ridiculous. You’d rather hold a wal mart gift card or even simply cash.

5)Private keys may be bruteforced as we speak. Quintillions entries a second. When they’ll have enough bitcoins under control , they could move them all at once instantly.(At least 45,000 ETH have been stolen this way for now through ethereum bandit)SHA 256 is too old , bitcoin is 10 years old , it is not secure enough , quantum computing could potentially break it.

6)And that’s if people don’t find a way to create an infinite amount of coins to sell on exchanges.. it happened with monero , stellar , bitcoin , zcash , zcoin , eos , etc..

proofs :

“Bitcoin , Coindesk : “The Latest Bitcoin Bug Was So Bad, Developers Kept Its Full Details a Secret”an attacker could have actually used it to create new Bitcoin — above the 21 million hard-cap of coin creation — thereby inflating the supply and devaluing current bitcoins.”

Stellar : “Stellar Inflation: Glitch Leads to 2.25 Billion Extra XLM Printed”

Monero : “A bug in the Monero (XMR) wallet software that could enable fake deposits to exchanges has been recently brought to public attention through a Medium post”

Zcoin : Forged coins were created, but not exceeding 1% of the circulating supply. We will release further details on exact numbers when Sigma is released.

EOS : “Hackers Forge Billion EOS Coins to Steal Real Crypto From DEX “

Zcash : “Zcash Team Reveals It Fixed a Catastrophic Coin Counterfeiting Bug” etc..

7)Segwit , and especially Lightning network is a very complex technology and it will inevitably have flaws , bugs , it will be exploited and people will lose money. That alone can cause bitcoin to drop very low levels.

8)Then miners may be losing millions so they will stop mining , blocks may be so slow , almost no transaction will come though , and bitcoin may not have enough time to reach the next difficulty adjustement. This is reffered to as a death spiral. Then every crypto even those with no mining involved may crash hard.

9)Many crypto wallets are unsafe and have already caused people to lose all their investment , including the infamous “parity wallet”.

10)It is NOT trustless. you have to trust the wallet you’re using is not just generating an address controlled by the developper , you have to trust the node the wallet connects to is an honest node , you have to trust a Rogue state or organization with enough computing power will not 51% attack the network. etc..

11)Bitcoin is NOT deflationary. Bitcoins are created every blocks (roughly every 10 minutes) and you wil be dead by the time we reach the 21 million current hard cap.

12)Bitcoin price may artificially be inflated by Tether.

13)It’s an energy waste , an environmental catastrophy.

14)The only usecases are money laundering , tax evasion , gambling , buying on the dark net , evading sanctions and speculation.

15)Governments will ban it if it gets too big , and they have a big incentive to do so , not only for the obscure usecases but also because it threatens the stability of sovereign currencies. Trump could kill bitcoin with one tweet , force fiat exchanges to cease activity.

16)Most cryptos are scams , the rest are just crazy speculative casino investments.

17)It is pyramidal : early adopters intend to profit massively while last comers get crushed. That's not how money works. The overwhelming majority of crypto holders are buying it because they think they will be able to sell it to a higher price later. Money is supposed to be rather stable. That's why the best cryptocurrencies are USDT USDC etc..

18)The very few stores accepting bitcoin always have the real price in the local currency , not in bitcoin. And prices like 0.00456329 BTC are ridiculous !

19)About famous brokers listing bitcoin : they have to meet the demand in order to make money , it doesn't mean they approve it , some even short it (see interactive broker's CEO opinion on bitcoin)

20)People say cash is backed by nothing and losing value slowly , and yes it is very flawed , but there is a whole nation behind it , it's accepted everywhere , you can buy more things with it.

21)Everybody in crypto thinks that there will be a new bullrun and that then , they will sell. But because everybody thinks it will happen , it might not happen. The truth is past performance doesn’t indicate future performance and it is absolutely not guaranteed that there will ever be another bullrun. The markets are unpredictable.

22)Also BTC went from about $0.003 to the price it is today , so don’t think it’s cheap now.

23)There is no recourse if you’re scammed/hacked/made a mistake in the address etc. No chargebacks. But it might be possible to do a rollback (blockchain reorganization) to reverse some transactions. BSV did it.

24)In case of a financial crisis , the speculative assets would crash the most and bitcoin is far from being a non speculative safe heaven ; and governments might ban it to prevent fiat inflation to worsen.

25) Having to write down the private key somewhere or memorize it is a security flaw ! It’s insane to think a system like this will gain mass adoption.

26) The argument saying governments can not ban it because it is decentralized (like they banned drugs) doesn’t work for cryptos. First , drugs are much harder to find and much more expensive and unsafe because of the ban , and people are willing to take the risk because they like it. But if crypto is banned , value will drop too much , and if you can’t sell it for fiat without risking jail , goodluck to find a buyer. Fiat exchanges could close. Banks could terminate every crypto related bank account. And maybe then the mining death spiral would happen and kill all cryptos.

27) Crypto doesn’t exist. It’s like buying air. It’s just virtual collectibles generated by a code. Faguzzi, fugazzi, it’s a whazzie, it’s a whoozie.. it’s a.. fairy dust. It doesn’t exist. It’s never landed. It’s no matter, it’s not on the elemental chart. It… it’s not fucking real!

28) Most brilliant guys have come out and said Bitcoin was a scam or worthless. Including Bill Gates , Warren Buffet , The Wolf Of Wall Street…

29) Inflation is necessary for POW , BTC code will have to be changed to bypass the 21M cap or mining will die ! If BTC code is not changed to allow for miners to be paid reasonably , they will cease mining when the bitcoin block reward gets too low.Even monero understood it ,the code will have to be changed to allow for an infinite bitcoin supply (devaluating all current bitcoins) or the hash will decrease and the security of bitcoin will decrease dramatically and be 51% attacked

30) Don’t mix up blockchain and cryptos. Even blockchain is overrated. But when you hear this or that company is going blockchain , it doesn’t mean they support cryptocurrencies.

31) Craig Wright had a bitcoin mining company with Dave Kleinman (he died) and on january 1 2020 he claims he will be able to access the 1.1M BTC/BCH/BTG from the mining trust. He may or may not dump them on the market , he also said BTC had a fatal flaw and that by 2019 there will be no more BTC.

32) Hacks in cryptos are very common and usually massive. Billions of dollars in crypto have been stolen in the last 6 years. In may 2019 Binance was hacked and lost 7,000 BTC (and it’s far from being the biggest crypto hack).

33) Bitcoin was first. It's an ancient technology. Newer blockchains have privacy, smart contracts, distributed apps and more.Bitcoin is our future? Was the Model T the future of the automobile? (John Mc Afee)

34) IOTA investiguating stolen funds on mainnet. IOTA shuts down the whole network to deal with trinity wallet attack.


While the native language of the writter is not english , I think you get the point and it doesn't make it any less relevant.
submitted by OverTheRedHills to u/OverTheRedHills [link] [comments]

30+ Reasons Why Cryptocurrencies Are Worthless

1)It is possible to change the code through a miner vote or a fork and change the total supply or anything. DASH did it : they reduced the total supply from 84M to 18.9M a few years ago. They could also increase it to 999 Trillions if they wanted to so that millions of DASH are mined every week.

2)You can also fork bitcoin anytime , start over from 0 and claim it's the real bitcoin. (BCH , BSV , BTG , LTC , BCD etc)

3)Why would you pay $10,000 for a digital collectible unit called BTC when you can use BCH or TRX or LTC .. you name it. They work just as fine and cost less. There is no rarity like in gold.

4)Think of any amount you hold in ethereum as a gift card to use smart contracts on the ETH blockchain. Ridiculous. You’d rather hold a wal mart gift card or even simply cash.

5)Private keys may be bruteforced as we speak. Quintillions entries a second. When they’ll have enough bitcoins under control , they could move them all at once instantly.(At least 45,000 ETH have been stolen this way for now through ethereum bandit)SHA 256 is too old , bitcoin is 10 years old , it is not secure enough , quantum computing could potentially break it.

6)And that’s if people don’t find a way to create an infinite amount of coins to sell on exchanges.. it happened with monero , stellar , bitcoin , zcash , zcoin , eos , etc..

proofs :

“Bitcoin , Coindesk : “The Latest Bitcoin Bug Was So Bad, Developers Kept Its Full Details a Secret”an attacker could have actually used it to create new Bitcoin — above the 21 million hard-cap of coin creation — thereby inflating the supply and devaluing current bitcoins.”

Stellar : “Stellar Inflation: Glitch Leads to 2.25 Billion Extra XLM Printed”

Monero : “A bug in the Monero (XMR) wallet software that could enable fake deposits to exchanges has been recently brought to public attention through a Medium post”

Zcoin : Forged coins were created, but not exceeding 1% of the circulating supply. We will release further details on exact numbers when Sigma is released.

EOS : “Hackers Forge Billion EOS Coins to Steal Real Crypto From DEX “

Zcash : “Zcash Team Reveals It Fixed a Catastrophic Coin Counterfeiting Bug” etc..

7)Segwit , and especially Lightning network is a very complex technology and it will inevitably have flaws , bugs , it will be exploited and people will lose money. That alone can cause bitcoin to drop very low levels.

8)Then miners may be losing millions so they will stop mining , blocks may be so slow , almost no transaction will come though , and bitcoin may not have enough time to reach the next difficulty adjustement. This is reffered to as a death spiral. Then every crypto even those with no mining involved may crash hard.

9)Many crypto wallets are unsafe and have already caused people to lose all their investment , including the infamous “parity wallet”.

10)It is NOT trustless. you have to trust the wallet you’re using is not just generating an address controlled by the developper , you have to trust the node the wallet connects to is an honest node , you have to trust a Rogue state or organization with enough computing power will not 51% attack the network. etc..

11)Bitcoin is NOT deflationary. Bitcoins are created every blocks (roughly every 10 minutes) and you wil be dead by the time we reach the 21 million current hard cap.

12)Bitcoin price may artificially be inflated by Tether.

13)It’s an energy waste , an environmental catastrophy.

14)The only usecases are money laundering , tax evasion , gambling , buying on the dark net , evading sanctions and speculation.

15)Governments will ban it if it gets too big , and they have a big incentive to do so , not only for the obscure usecases but also because it threatens the stability of sovereign currencies. Trump could kill bitcoin with one tweet , force fiat exchanges to cease activity.

16)Most cryptos are scams , the rest are just crazy speculative casino investments.

17)It is pyramidal : early adopters intend to profit massively while last comers get crushed. That's not how money works. The overwhelming majority of crypto holders are buying it because they think they will be able to sell it to a higher price later. Money is supposed to be rather stable.

18)The very few stores accepting bitcoin always have the real price in the local currency , not in bitcoin. And prices like 0.00456329 BTC are ridiculous !

19)About famous brokers listing bitcoin : they have to meet the demand in order to make money , it doesn't mean they approve it , some even short it (see interactive broker's CEO opinion on bitcoin)

20)People say cash is backed by nothing and losing value slowly , and yes it is very flawed , but there is a whole nation behind it , it's accepted everywhere , you can buy more things with it.

21)Everybody in crypto thinks that there will be a new bullrun and that then , they will sell. But because everybody thinks it will happen , it might not happen. The truth is past performance doesn’t indicate future performance and it is absolutely not guaranteed that there will ever be another bullrun. The markets are unpredictable.

22)Also BTC went from about $0.003 to the price it is today , so don’t think it’s cheap now.

23)There is no recourse if you’re scammed/hacked/made a mistake in the address etc. No chargebacks. But it might be possible to do a rollback (blockchain reorganization) to reverse some transactions. BSV did it.

24)In case of a financial crisis , the speculative assets would crash the most and bitcoin is far from being a non speculative safe heaven ; and governments might ban it to prevent fiat inflation to worsen.

25) Having to write down the private key somewhere or memorize it is a security flaw ! It’s insane to think a system like this will gain mass adoption.

26) The argument saying governments can not ban it because it is decentralized (like they banned drugs) doesn’t work for cryptos. First , drugs are much harder to find and much more expensive and unsafe because of the ban , and people are willing to take the risk because they like it. But if crypto is banned , value will drop too much , and if you can’t sell it for fiat without risking jail , goodluck to find a buyer. Fiat exchanges could close. Banks could terminate every crypto related bank account. And maybe then the mining death spiral would happen and kill all cryptos.

27) Crypto doesn’t exist. It’s like buying air. It’s just virtual collectibles generated by a code. Faguzzi, fugazzi, it’s a whazzie, it’s a whoozie.. it’s a.. fairy dust. It doesn’t exist. It’s never landed. It’s no matter, it’s not on the elemental chart. It… it’s not fucking real!

28) Most brilliant guys have come out and said Bitcoin was a scam or worthless. Including Bill Gates , Warren Buffet , The Wolf Of Wall Street…

29) Inflation is necessary for POW , BTC code will have to be changed to bypass the 21M cap or mining will die ! If BTC code is not changed to allow for miners to be paid reasonably , they will cease mining when the bitcoin block reward gets too low.Even monero understood it ,the code will have to be changed to allow for an infinite bitcoin supply (devaluating all current bitcoins) or the hash will decrease and the security of bitcoin will decrease dramatically and be 51% attacked

30) Don’t mix up blockchain and cryptos. Even blockchain is overrated. But when you hear this or that company is going blockchain , it doesn’t mean they support cryptocurrencies.

31) Craig Wright had a bitcoin mining company with Dave Kleinman (he died) and on january 1 2020 he claims he will be able to access the 1.1M BTC/BCH/BTG from the mining trust. He may or may not dump them on the market , he also said BTC had a fatal flaw and that by 2019 there will be no more BTC.

32) Hacks in cryptos are very common and usually massive. Billions of dollars in crypto have been stolen in the last 6 years. In may 2019 Binance was hacked and lost 7,000 BTC (and it’s far from being the biggest crypto hack).

33) Bitcoin was first. It's an ancient technology. Newer blockchains have privacy, smart contracts, distributed apps and more.Bitcoin is our future? Was the Model T the future of the automobile? (John Mc Afee)

34) IOTA investiguating stolen funds on mainnet. IOTA shuts down the whole network to deal with trinity wallet attack.


While the native language of the writter is not english , I think you get the point and it doesn't make it any less relevant.
submitted by OverTheRedHills to u/OverTheRedHills [link] [comments]

05-16 11:54 - 'Btc Is not anonymous as monero. Most of miners are located in China' by /u/NewByeBye removed from /r/Bitcoin within 30-40min

'''
Btc Is not anonymous as monero. Most of miners are located in China
'''
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submitted by removalbot to removalbot [link] [comments]

05-16 03:04 - 'Hello room I’m Gabriel Andrew from California a bitcoin miner forex trader a specialized account manager and market analysts to get more knowledge about bitcoin mining and forex trading you can hit me up to understand mo...' by /u/gabriel_andrew removed from /r/Bitcoin within 34-44min

'''
Hello room I’m Gabriel Andrew from California a bitcoin miner forex trader a specialized account manager and market analysts to get more knowledge about bitcoin mining and forex trading you can hit me up to understand more WhatsApp:+17277679467
'''
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submitted by removalbot to removalbot [link] [comments]

05-16 08:14 - 'Can't the same be said for any industry though? All industries use energy and some of that energy will inherently come from fossil fuels. If burning coal is the cheaper option vs. renewables, then 9/10 companies will choose coal...' by /u/sc0obyd0o removed from /r/news within 9-19min

'''
Can't the same be said for any industry though? All industries use energy and some of that energy will inherently come from fossil fuels. If burning coal is the cheaper option vs. renewables, then 9/10 companies will choose coal, irrespective of whether the company has anything to do with bitcoins.
If free / low-cost renewable solutions become cheaper than coal, then naturally companies will switch away from coal, bitcoin mining is no different. The value of the currency is not intrinsically tied to dirty energy. Bitcoin miners will go where it's cheapest to mine, regardless of energy type.
Although I do see your point on the Visa vs. Bitcoin energy used per transaction argument, most of us, myself included, get along fine with Visa and Paypal which work 99% of the time.
I think the trade off would be that a Bitcoin transaction is arguably worth "more" since it's censorship free and deflationary.
In 2011 PayPal freezes WikiLeak's account due to them publishing military documents & videos outlining the civilian casualties in the Afghan war.
Bitcoin saved WikiLeaks from collapsing since its impossible to "block" a Bitcoin transaction or "freeze" a Bitcoin account. Bitcoin solves the double-spend problem in computer science meaning that anyone can receive bitcoin without the need for a middle man ( Paypal / Visa). No one can even attempt to censor you since there is no middle man to pressure.
[[link]2
Of course, most of us have no need for an unstoppable, non-confiscatable, supplied capped type of money. But for more libertarian minded folks that believe freedom of speech includes money and that perhaps money and state should be divided; then Bitcoin is the perfect solution.
'''
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1: ww**forb***c*m/site*/*ogerhu*n**2019/04/26*how-*itco*n*a**-*i*ile*k*-sav*d-e*ch-*the#6fb9423474a* 2: *w***orbe***om/s*tes*roger**ang*2019/04/26**ow-bi*coin-and**ikilea*s-saved*eac**o*h*#*f*9423474a5*^^1
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submitted by removalbot to removalbot [link] [comments]

05-09 15:04 - 'Thanks for your answer really clear ! / For your last point, yes, i'm already a believer of what the blockchain technology could bring (projects such as IOTA, SIA, BAT for example feels really interesting to me) / Bu...' by /u/IhavEaquEstIoN3267 removed from /r/Bitcoin within 70-80min

'''
Thanks for your answer really clear !
For your last point, yes, i'm already a believer of what the blockchain technology could bring (projects such as IOTA, SIA, BAT for example feels really interesting to me)
But I needed more informations because I can "feel" this is huge, but i can't "prove" it. I sometimes have the impression that all crypto world is just a big bubble just like a "technological ponzi" , or even a sect where people believe in numbers, and gurus say "btc will be 1million$". And one day everything may crashes.

EDIT : Also, what happens when 21 million is mined ? Miners don't get money, they stop working, the system is dead... no ?
'''
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submitted by removalbot to removalbot [link] [comments]

05-03 14:05 - 'This is fairly embarrassing, the title of the white paper is peer to peer electronic cash system. Yes it should be sound money but it should also be easy to send money to another person, in a timely manner and of little co...' by /u/Lucania001 removed from /r/Bitcoin within 355-365min

'''
This is fairly embarrassing, the title of the white paper is peer to peer electronic cash system. Yes it should be sound money but it should also be easy to send money to another person, in a timely manner and of little cost.
The block size limit wasn’t even a thing in the original code, it was placed as a temporary measure for miners, always intended to be increased as we started hitting the limits.
This stuff is written in code and pull requests..... sigh
Good news is though I’m starting to feel like an old timer around here :)
'''
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submitted by removalbot to removalbot [link] [comments]

05-01 07:24 - 'Lots of bitcoin maximalist hate to read this but in my opinion bitcoin has nothing to offer anymore apart from being the first crypto. Not that I don't respect the immense dedication and work that has been put into developi...' by /u/satoshizzle removed from /r/Bitcoin within 78-88min

'''
Lots of bitcoin maximalist hate to read this but in my opinion bitcoin has nothing to offer anymore apart from being the first crypto. Not that I don't respect the immense dedication and work that has been put into developing bitcoin, but as you said it, we should look at better alternatives.
I support Nano because it does everything BTC should do as a decentralised digital cash. It's feeless, instant transactions, easy to implement and environment friendly as no mining is required. That last point, I think, is why there is so much hostility against this coin from some bitcoin fanatics. Miners control Bitcoin and make tons of money from it.
Edit: the guy that removed his comment proved my point. Full hostile, name calling and only counterargument is the price from a certain timeframe. Anyway, keep on developing the LN. If someday it performs better than Nano I will happily switch back to using bitcoin.
'''
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submitted by removalbot to removalbot [link] [comments]

04-25 13:24 - 'It doesn't sound like you realize Nano nodes validate transactions or that there are no miners or that governments have just as much power in regulating bitcoin nodes/miners as with Nano nodes.' by /u/IAmMiguelChanel removed from /r/Bitcoin within 176-186min

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It doesn't sound like you realize Nano nodes validate transactions or that there are no miners or that governments have just as much power in regulating bitcoin nodes/miners as with Nano nodes.
'''
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submitted by removalbot to removalbot [link] [comments]

04-03 12:24 - '"1) Busting the Myth: “Bitcoin has zero value & is backed by nothing.” / #Bitcoin is backed by the resilience of a decentralized network of miners that maintain block validation which establishes a consistent Financ...' by /u/twitterInfo_bot removed from /r/Bitcoin within 39-49min

'''
"1) Busting the Myth: “Bitcoin has zero value & is backed by nothing.”

Bitcoin is backed by the resilience of a decentralized network of miners that maintain block validation which establishes a consistent Financial System. Monetary Policy is dictated by code, NOT the

"
publisher: @mjdsouza2
'''
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submitted by removalbot to removalbot [link] [comments]

03-19 17:35 - 'Yes that’s right inefficient miners or miners who’s mining rigs are no longer economical and have to sell because mining a block costs more in electric an Labour than they make. / Efficient miners ummm there are none w...' by /u/CreepyCranfield10 removed from /r/Bitcoin within 4-14min

'''
Yes that’s right inefficient miners or miners who’s mining rigs are no longer economical and have to sell because mining a block costs more in electric an Labour than they make.
Efficient miners ummm there are none when prices are under the costs of mining a block whether that’s a larger pool like f2pool or not if prices don’t rise they’ll eventually be in a state of Bankruptcy.
So basically along comes Tether or a whale or two who puts them back into mining profit, it’s a scam.
'''
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submitted by removalbot to removalbot [link] [comments]

03-19 18:06 - 'Nope Tether not the fed printing money or the Bank of England. / Here is my take! / Miners desperate for price rises, whales and institutions selling or seriously preparing to exit, so the only way is to manipulate the...' by /u/CreepyCranfield10 removed from /r/Bitcoin within 4-14min

'''
Nope Tether not the fed printing money or the Bank of England.
Here is my take!
Miners desperate for price rises, whales and institutions selling or seriously preparing to exit, so the only way is to manipulate the price artificially to get the miners reward back on track and save BTC from certain death.
I’m telling you it’s a fix and it’s not buyers it’s Tether.
'''
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03-21 14:25 - 'Not only this. Satoshi wanted a new BTC mine to be discovered in every 2140 years, which will reward 50 BTC to miners again followed by block halving in every 4 years. If I am not wrong, it was changed through a PR by u/p...' by /u/CPD_Project removed from /r/Bitcoin within 153-163min

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Not only this. Satoshi wanted a new BTC mine to be discovered in every 2140 years, which will reward 50 BTC to miners again followed by block halving in every 4 years. If I am not wrong, it was changed through a PR by pwuille.
'''
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Author: CPD_Project
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03-18 14:35 - 'You say Bitcoin solves trust but that’s not really all true or all the story is it, only when a Blockchain is decentralised do you have a trust less system but the issue isn’t the trust of miners completely. / If you m...' by /u/CreepyCranfield9 removed from /r/Bitcoin within 10-20min

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You say Bitcoin solves trust but that’s not really all true or all the story is it, only when a Blockchain is decentralised do you have a trust less system but the issue isn’t the trust of miners completely.
If you move to Bitcoins they’re not a trust less system of currency are they, how can’t they be when or if only a few hold the majority everyone else has to trust those few larger wallet holders.
When you take this into consideration Bitcoin is some what reliable also on the good nature of others not to debase their investments wouldn’t you agree.
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Author: CreepyCranfield9
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