1/ Why doesn’t #Bitcoin move from proof-of-work to proof-of-stake?
A panel yesterday at the Oslo Freedom Forum #OsloFF explained PoW vs PoS in the best way I’ve seen in a while.
A thread 🧵 with quotes 👇
So, let’s get this straight. The Wall Street Journal, a company worth $5 billion with 3.5 million readers, says that #Bitcoin, an asset worth $575 billion and over 80 million users, is a ‘failed experiment’.
I guess sometimes stats don’t help a story.
“Absolute mathematical scarcity achieved by consensus in a sufficiently decentralized, distributed network was a discovery rather than an invention. It cannot be achieved again by participants aware of this, since the thing discovered was the resistance to replicability itself.”
If ur coins are the same price they were in February meanwhile Solana up like 90x and market average is up at least 3x then are u really an investor or are u just piously practicing in some niche internet cult
Bitcoin is below $34K, triggered by Elon Musk's energy FUD and China's mining crack down.
There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K
Buying 0.1 Bitcoin now (for $6500), is like buying 1 Bitcoin in 2017 (for $6500) or 10 Bitcoin in 2014 (for $6500). It's all good. It's just a different cycle. 0.1 Bitcoin is a lot, just like how 1 was a lot in 2017, and 10 was a lot in 2014, etc.
Be proud of your 0.1 Bitcoin.
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