▲ 14.73% to 144.4T
Bitcoin mining just got ~15% harder, with the largest ever increase in absolute difficulty, completely erasing last epoch's huge downwards adjustment.
How should Bitcoiners react if quantum computers become a reality quicker than expected? The best time to plan is when you have the time to plan! Together with @ozdeadman we put together this playbook. What do you think we got right? What did we miss?
https://t.co/HYhb0uQJXK
I'll refer to him as Rekt Carter going forward, because when you're a capital allocator, and the map that guides your decisions is distorted by the bias of your investments, you're going to inevitably get rekt.
Apologies for hurting your feelings, but the pushback was warranted since your VC publicly derided Bitcoin developers as asleep at the wheel and claimed they never ship anything which is simply absurd.
Bitcoin is under continuous maintenance and improvement, and the contributions of bitcoin developers and cryptographers are substantial, ongoing, and foundational.
Bitcoin survives by staying functional, usable, and secure now, while preparing carefully for future transitions. Not by freezing development in anticipation of a threat that hasn't materialized.
Dismissing their work that has been done on quantum by chaincode, blockstream and anduro because you shipped a website isn't critique it's ignorance.
@nic_carter@Crypto_Mags put me on a call with the top 20, i can fix it. it's simply grossly exaggerated, misinformed and amplified by people who don't understand. probably some trotted out to manipulate the market.
It was exactly 12 years ago on October 2013 when I finally decided to pull the trigger and try buying some Bitcoin.
At the time, you had either had to go to localbitcoins dot com and meet up with someone at a coffee shop or something or buy it P2P directly from a friend. I did a test buy of 1.5 BTC for $300.
Similar to now, the price had just slowly recovered back to $200 from the April crash from $266 to $50.
By mid november we hit $1000 for the first time ever.
By 2014 we were starting our Bitcoin startup in the Philippines.
Stuck around, helped build our industry with a bunch of cool people, lived through 4 halving cycles, and here we are, listening to people whining about Bitcoin having a horrible year compared to gold and stocks after 200 days above $100K 🤣