In 2020, Wells Fargo closed my accounts and ended their banking relation with me after 22 years in 2020. Why? Because I was buying too much #bitcoin. Now look.
They are all coming to #Bitcoin. They have no choice. Game theory is at play now and it's just getting started. #stackharder
@Jennytan0102@nafiz_bn@AdCreativeai Was charged US$279 by Adcreative .ai even after cancelling before the end of the trial period.
I realize they will not refund us &we are dealing with a serial scammer using @ProductHunt to launch scam & repeat. Enter your credit card at your own peril.
@madelksta@zerohedge Every 10 minutes miners produce 6.25 BTC
- IN a day, 24 hrs there's, 1440 minutes ; so 144 X 6.25 BTC = 900 BTC is produced each day for now
- after halving it will only be 450 BTC per day.
You can learn more here: https://t.co/qTlvL4Qhwi
In a world where money is ♾debt, only scarcity can define true value.
It takes someone with the understanding of financial markets with an open mind for technology to be able to appreciate the kind of monetary technology Bitcoins bring to the table.
https://t.co/RM1KKAQ0Jq
...trends to zero to keep the treasure truly limited.
The Code's Job
The code you see here is like a rulebook for shrinking the reward:
Checks Time: It counts how many blocks miners have found so far.
The Shrinking Reward
The treasure is hidden in batches of 210,000 blocks. After each batch is found, the treasure chest splits the reward in half.
This "splitting" happens roughly every 4 years.
The treasure chest has a secret rule: after splitting enough times, the reward ..
Think of Bitcoin like a special treasure with a constantly shrinking reward (Thread 🧵👇:
The Treasure Chest
Every time miners (treasure hunters) find a new "block" of treasure, they get paid in freshly created Bitcoin.
https://t.co/V32OZt1wnb
The Perfect Storm is Brewing for #Bitcoin w/ halving in sight to reach 6-figures within the next few months.
-New ATH already reached in multiple countries.
-Anti-bitcoin Vanguard CEO is being retired
-Blackrock becoming $BTC biggest promoter
https://t.co/CraVB4zf23
Think of Bitcoin like a special treasure with a constantly shrinking reward (Thread 🧵👇:
The Treasure Chest
Every time miners (treasure hunters) find a new "block" of treasure, they get paid in freshly created Bitcoin.
https://t.co/V32OZt1wnb
BTFP expires in March.
BTC halves in April.
RRP runs out in May.
All around the same time.
So, the US banking system gets stressed right as Bitcoin gets scarce.
Why Does This Matter?
This shrinking reward is how $BTC keeps its treasure rare and valuable. By slowing down how new BTC are created, the ones miners find become more precious over time.
If you liked this thread, repost and follow here @thinkmaverick
https://t.co/CraVB4zf23
Think of Bitcoin like a special treasure with a constantly shrinking reward (Thread 🧵👇:
The Treasure Chest
Every time miners (treasure hunters) find a new "block" of treasure, they get paid in freshly created Bitcoin.
https://t.co/V32OZt1wnb
Think of Bitcoin like a special treasure with a constantly shrinking reward (Thread 🧵👇:
The Treasure Chest
Every time miners (treasure hunters) find a new "block" of treasure, they get paid in freshly created Bitcoin.
https://t.co/V32OZt1wnb
Calculates Splits: It figures out how many times the reward should be split in half based on the number of blocks.
Divides the Reward: It cuts the reward in half for each split that needs to happen.
Gives New Reward: It announces the new, smaller reward for the next block.