SwissNode - ever wanted to be your own Swiss Bank??
Changing the world a node at a time. Join me in the revolution!
PS Toxic spelling corrector. Be warned :)
@bum_metal@Bizniz203@chamath@surferjimw@novogratz So we have a coin that can't be counted, has no fixed supply limit, whose blockchain was rolled back at the whim of those "in charge" - in charge = no decentralisation. It was the first coin to be premined, opening the floodgates for more coin to use that grotesque concept. (1/2)
@BitcoinGambit@ContrarianCurse It is a perfectly balanced system.
The more the difficulty goes up, the harder it is to find the next block so the more expensive it becomes.
The system reaches equilibrium because miners are only willing to invest as much energy as yields a reward...
@viszig@BitcoinGambit@ContrarianCurse He's just referring to the way miners have to "guess" a number to find the next block.
What it really does is convert energy to money. Simple!