The war between US and China to control the world through control of a world digital reserve currency will continue until both sides realize that there is simply no way of winning this war without destroying the humanity, I predict after many years of this war with very heavy casualties on both sides,they will have to come together and agree that the world should use BTC as reserve currency
The companies paid to secure Bitcoin just ran the largest desertion in its history, selling a record 32,000 coins and signing 70 billion dollars in contracts to walk away and build AI instead.
Bitcoin did not flinch.
Its computing power dipped for a moment, then climbed back to an all-time high. No attack came.
The network that was supposed to depend on these miners just proved it never needed them, and that is the real remarkable story almost nobody is telling right now.
Why they left is quite brutal and rational. It costs a public $BTC miner around $80k to produce one Bitcoin, and for a stretch this year Bitcoin traded below that, so they were manufacturing at a loss.
Meanwhile a megawatt pointed at training AI earns three to five times what it earns mining, with multi-year contracts from the likes of Microsoft and Google instead of the lottery of block rewards.
So they did what any business would. BTC miners sold their Bitcoin, more in one quarter than in all of last year, more than the industry dumped in the entire Terra collapse, and began converting their power plants into AI data centers.
The equity market cheered, paying up to 500 percent more for the biggest pivoters.
By every old assumption, this should have been a major crisis.
Bitcoin's security was always described as a fortress built by miners who spend real energy to defend it.
Pull that many out that fast and it should crack. For a few weeks it looked like it might.
Hashrate, the total computing power guarding the network, posted its first drop in six years.
Then the machine did the thing its naysayers and critics forget it can do. It adjusted. Bitcoin has a rule in its core: when miners leave and blocks come slower, the network automatically makes mining easier and more profitable for everyone still plugged in.
So as the deserters powered down, the math handed their reward to the miners who stayed, and to the private and “lower-cost” operators who rushed into the gap.
Hashrate did not keep falling. It recovered to a record high. The security budget refilled itself from a different set of pockets, without a vote, a bailout, or a single missed block.
This should reframe how you see the whole system.
Jamie’s JPMorgan measured the new fragility, and it is real short term: the network's difficulty now moves with the price at a sensitivity they put at 0.62, so a falling price does pull machines offline faster than before.
But the deeper lesson runs the other way.
Bitcoin just absorbed the single largest exit of its own miners ever recorded, driven by the most powerful capital magnet on earth, and never stopped producing a block every ten minutes. The system was not weakened by the desertion. It was tested by it, and it passed.
This matters more than any price. Both sides misread what secures this thing. Bulls said belief, bears said fragile hype, and both were wrong.
Bitcoin's security was never built on loyalty or faith or the specific companies everyone calls essential.
Rather, it was built on cold hard math that assumes miners are mercenaries who leave the instant something pays better, and it is designed to shrug when they do.
AI just proved the assumption correct at the largest scale in history, and the network treated a 70 billion dollar defection as a routine difficulty adjustment.
The Bitcoin miners everyone said were the foundation turned out to be tenants.
They came for the yield, left for a better one, and the building did not move.
That is not Bitcoin's weakness being exposed. It is the strangest kind of strength, a network so indifferent to who runs it that it watched its biggest operators leave to join the very technology draining its capital, and kept humming.
AI won the auction for the energy.
Bitcoin never needed to win it. It only needed the miners to be replaceable, and it built that in from the first block.
Recent AI revolution has pivoted many BTC mining companies to sell BTC in order to invest in AI infrastructure, that is part of the reason that BTC went from $126k to $60k
Concerning Social Security payments, my contributions were made for 40 years on every salary I received. Those jobs may not have always been the work I wanted to be doing at the time, BUT I always had a job. The Social Security check is now (or soon will be) referred to as a "Federal Benefit Payment?" I'll be part of the one percent to forward this.
I am forwarding it because it touches a nerve in me, and I hope it will in you. Please keep passing it on until everyone in our country has read it. The government is now referring to our Social Security checks as a "Federal Benefit Payment." This isn't a benefit. It is our money paid out of our earned income! Not only did we all contribute to Social Security but our employers did too. It totaled 15% of our income before taxes.
If you averaged $30K per year over your working life, that's close to $180,000 invested in Social Security. If you calculate the future value of your monthly investment in social security ($375/month, including both you and your employers contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you'd have more than $1.3+ million dollars saved! This is your personal investment. Upon retirement, if you took out only 3% per year, you'd receive $39,318 per year, or $3,277 per month.
That's almost three times more than today's average Social Security benefit of $1,230 per month, according to the Social Security Administration. (Google it – it’s a fact).
And your retirement fund would last more than 33 years (until you're 98 if you retire at age 65)! I can only imagine how much better most average-income people could live in retirement if our government had just invested our money in low-risk interest-earning accounts.
Instead, the folks in Washington pulled off a bigger "Ponzi scheme" than Bernie Madoff ever did. They took our money and used it elsewhere. They forgot (oh yes, they knew) that it was OUR money they were taking. They didn't have a referendum to ask us if we wanted to lend the money to them. And they didn't pay interest on the debt they assumed. And recently they've told us that the money won't support us for very much longer.
But is it our fault they misused our investments? And now, to add insult to injury, they're calling it a "benefit", as if we never worked to earn every penny of it.
Just because they borrowed the money doesn't mean that our investments were a charity!
Let's take a stand. We have earned our right to Social Security and Medicare. Demand that our legislators bring some sense into our government.
Find a way to keep Social Security and Medicare going for the sake of that 92% of our population who need it. Then call it what it is: Our Earned Retirement Income.
😡😡😡✅
Why should anyone be forced to pay property taxes. The state doesn’t buy the house you did. You bought the home, improved it, put a mortgage on it and paid for it. The state collects sales taxes & business taxes to fund services.
Imagine the 70 year old who owns a home today valued at $2M - they bought 30 years ago for $50,000, maintained the house for 30 years and finally paid the house off - Why should they or their heirs pay any tax much less on the increased value?
They will say, “who’s going to support the roads, police, fire department and schools? Sales tax & local businesses can support those things.
For those who support property taxes understand you open the door for the state to collect taxes on ALL property; boats, cars, clothes, art, bicycles, gym equipment, grills, tools, silverware, jet skis, stocks, retirement accounts - everything.
27 states reassess annually, and the rest, do so every 3 years OR lie California, any time you improve the property! It’s brutal and it’s endless!
If you support property taxes on personal property you are either;
a) a communist
b) confused
c) academic
d) free loader
End Property Taxes!
@LukeMikic21@OKIN_17 This is what I have been saying will happen. If Iran uses Chinese money, US will not happy, if Iran uses USD , China will be mad, so the natural choice is BTC
BREAKING: JACK DORSEY'S BLOCK IS GIVING AWAY $1,000,000 IN FREE #BITCOIN STARTING TODAY
A BILLIONAIRE IS PUTTING BTC IN MILLIONS OF NEW HANDS
THIS IS F*CKING BULLISH 🚀
Saw some people panicking or asking about quantum computing's impact on crypto.
At a high level, all crypto has to do is to upgrade to Quantum-Resistant (Post-Quantum) Algorithms. So, no need to panic. 😂
In practice, there are some execution considerations. It's hard to organize upgrades in a decentralized world. There will likely be many debates on which algorithm(s) to use, resulting in some forks.
And some dead project may not upgrade at all. Might be a good to cleanse out those projects anyway.
New code may introduce other bugs or security issues in the short term.
People who self custody will have to migrate their coins to new wallets.
This brings to the question of Satoshi's bitcoins. If those coins move, then it means he/she is still around, which is interesting to know. If they don't move (in a certain period of time), it might be better to lock (or effectively burn) those addresses so that they don't go to the first hacker who cracks it. There is also the difficulty of identifying all his addresses, and not confuse with some old hodlers. Anyway, it's a different topic for later.
Fundamentally:
It's always easier to encrypt than decrypt.
More computing power is always good.
Crypto will stay, post quantum.
Bitcoin wasn’t invented.
It was discovered. 🧠⚡
Throughout history the greatest minds on Earth were pointing to Btc
piece by piece:
• Tesla → a global, wireless network of value
• Henry Ford → energy-backed money, not banks
• Hayek → money free from governments
• Mises → sound money, fixed supply
• Friedman → digital cash on the internet
Then the cypherpunks took it further:
• David Chaum → digital privacy money
• Wei Dai → decentralized currency
• Nick Szabo → digital scarcity (Bit Gold)
• Adam Back → proof of work
• Hal Finney → executable crypto money
All roads led to one thing…
Bitcoin.
Satoshi didn’t create something new.
He connected the dots humanity had been drawing for a century
Truth is not invented
Truth is discovered
And Bitcoin is:
• decentralized
• incorruptible
• unstoppable
• mathematically enforced truth
You don’t fight Bitcoin
That’s like trying to punch gravity
We are not early to a trend.
We are early to a truth.
FACT.