JWBananas
joined 2 years ago
Bitcoin is deflationary. There is a hard limit on the total number of bitcoins that will ever exist. Every so often, the reward for mining a block is halved. Eventually there will be effectively zero reward for mining at all.
That might have been true a decade ago. But GPUs and FPGAs have long been obsolete for mining Bitcoin.
Mining is happening on custom silicon in large-scale operations. They specifically observed several of those large-scale operations in multiple nations and extrapolated out. I don't see how that methodology is flawed.
...I didn't believe you. I had to look it up to confirm it.
Damn. Never even noticed.
Human beings who want to speak with other human beings.
I know. It can seem like a strange concept to some people. It's strange to me that they find it strange.
And it better have maple syrup!
$2.73 would buy lunch tomorrow
Plenty of humans make those judgements about their own creations. And plenty of them get a shock when they release their creations to the masses and don't get the praise that they expected.
What a terrible day to be literate