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10 sats \ 2 replies \ @BBitcoinUSA 6 Oct 2023 \ parent \ on: Napkin math: Priced in fiat, $25 million USD of Bitcoin is mined every day... bitcoin
rather, we know exactly how many BTC need to be eaten every day. The $USD amount fluctuates obviously
My opinion, the biggest implication is that we know exactly how much $USD is needed each day to eat the new supply of BTC each day; a great thing I don't think anyone has ever seen before
I've been having a really strange feeling that I procured some through that faucet site back in the 2011/12-ish time frame and it's driving me crazy... been having weird flash backs and night sweats just thinking about it.
I've absolutely experienced this, when dealing in $USD terms you're always wondering and analyzing "is there somewhere else I could earn a slightly better % return, or IRR" or whatever - such a waste of time. Bitcoin fixes this :-)
I love Zaps but looking for thoughts and comments, will return >100% of Post Zaps to Post Commenters here
This is the key. Even if CNBC tries to call the “New BTC” “Bitcoin” - it would quickly become obvious how shamelessly dishonest they were being
I agree one of their main interests in the whole thing is controlling/manipulating the market for bitcoin
My dumb question is - If/when they fork, which fork is referred to as “Bitcoin” and which is referred to as “Bitcoin XYZ” ? If 51% reject the fork, then the 51% is obviously the original Bitcoin, but could the media somehow in theory manipulate the public into labeling the new fork as “Bitcoin” ? That would be infuriating but could cause some problems, obviously I don’t know if I even know what I’m talking about here.
Lol, after a week in the abyss, you become the abyss. Nonetheless I’m rooting for you and feel pretty good about it*
*not financial advice
⚡️🐌⚡️
Half way over the hump, looking fwd to the long weekend in the USA thanks to Christopher Columbus