Patrick -- 2d I couldn't agree more about the halving. It's the only thing that keeps Bitcoin, Bitcoin imo. Otherwise outsized capital investments would have ruined Bitcoin's ownership share leaving existing capital structure control of the network. Thankfully the early miners have more corn to throw around to control where the network rules end up falling. replyI couldn't agree more about the halving. It's the only thing that keeps Bitcoin, Bitcoin imo. Otherwise outsized capital investments would have ruined Bitcoin's ownership share leaving existing capital structure control of the network. Thankfully the early miners have more corn to throw around to control where the network rules end up falling.
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people take the halving for granted, but it was an arbitrary design choice. that's what created the preminedynamics in bitcoin. open to all, but an outsized advantage to the early miners
I couldn't agree more about the halving. It's the only thing that keeps Bitcoin, Bitcoin imo. Otherwise outsizedcapital investments would have ruined Bitcoin's ownership share leaving existing capital structure control ofthe network. Thankfully the early miners have more corn to throw around to control where the network rules endup falling.
people take the halving for granted, but it was an arbitrary design choice. that's what created the premine dynamics in bitcoin. open to all, but an outsized advantage to the early miners