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Bitcoin's difficulty adjustment counters Moore's Law. It ensures the electro-computational cost of hashing remains high, no matter how fast and efficient our computers become, by increasing the hashing difficulty ad infinitum.
Bitcoin ASICs chase an ever-receding horizon. No amount of ASIC efficiency will make the Bitcoin network use less energy. This high physical cost for producing Bitcoin or updating its ledger is a core feature, not a bug. We WANT it to be too physically expensive for any centralized entity to write the ledger. That is the primary mechanism of Bitcoin's decentralization.
The 2nd-order effects of this are also highly beneficial for humanity. Energy producers and chipmakers are financially incentivized to find better/cheaper energy sources and more efficient computers to gain a temporary comparative advantage in hashing. The end result is more abundant energy, faster and more efficient computers, and more secure ledger.
It's a win-win-win.
https://x.com/jasonplowery/status/1914698808467861855?s=46
Bitcoin ASICs chase an ever-receding horizon. No amount of ASIC efficiency will make the Bitcoin network use less energy. This high physical cost for producing Bitcoin or updating its ledger is a core feature, not a bug. We WANT it to be too physically expensive for any centralized entity to write the ledger. That is the primary mechanism of Bitcoin's decentralization.
The 2nd-order effects of this are also highly beneficial for humanity. Energy producers and chipmakers are financially incentivized to find better/cheaper energy sources and more efficient computers to gain a temporary comparative advantage in hashing. The end result is more abundant energy, faster and more efficient computers, and more secure ledger.
It's a win-win-win.
https://x.com/jasonplowery/status/1914698808467861855?s=46
🇺🇸 BREAKING: Coinbase confirms it’s considering applying for a US federal bank charter, a move that could let it offer traditional banking services like deposits and loans.
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🚨 BREAKING: President Trump will begin collecting outstanding/defaulted student loan payments starting in May 5th, 2025.
Really dumb move Trump - Students in general are being exploited taking out loans for corrupted institutions to find no jobs to pay them back in the first place... Why don't you guys go after the real villans instead of coming after the kids...
Trump can collect some of deez nuts while he's at it 🤣🤣🤣
Really dumb move Trump - Students in general are being exploited taking out loans for corrupted institutions to find no jobs to pay them back in the first place... Why don't you guys go after the real villans instead of coming after the kids...
Trump can collect some of deez nuts while he's at it 🤣🤣🤣
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someone finally attacked my Tesla 🤣🤣🤣
Why would Trump fire his own central bank bitch? 😂
https://fxtwitter.com/BitcoinMagazine/status/1914794516088852484
https://fxtwitter.com/BitcoinMagazine/status/1914794516088852484
FxTwitter
Bitcoin Magazine (@BitcoinMagazine)
JUST IN: 🇺🇸 President Donald Trump said he has no intentions to fire Fed Chair Jerome Powell.
JUST IN: #Bitcoin surges to almost $94,000 in a matter of seconds 👀
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