Bitcoin is so damn beautiful.
This was a massive stress test of the network and Bitcoin passed with flying colors.
We are in the midst of a seismic shift in hashrate that will be written about decades from now.
The real time dynamic nature of Bitcoin will never cease to amaze me.
This incident is an illuminating case study for the bitcoin mining industry for many reasons.
Humanity has found a way to create a currency backed by energy and it will make the world a much better place. We live in incredible times.
he vision of distributed sovereign small (and large) nation states and city states being erected around stranded energy sources that are leveraged to mine bitcoin.
It will be interesting to follow along with the mining industry this year as the many factors described above continue to play out.
via dergigi.comWe've talked a lot about the beauty of Bitcoin's difficulty adjustment and why it is THE pivotal innovation that Satoshi brought to market. Bitcoin is the combination of
There's a lot going on in the Bitcoin world this week.
That was this week's Smorgasbord! We'll be back with another whenever we feel like it.
There is never a bad day to brush up on your Bitcoin basics. Luckily for you freaks, Danny Diekroeger has been BEASTING Twitter threads.
Capitalism is nothing more than an idea that is given lip service by people who like to pretend that what the Fed is doing is natural and necessary.
It's been an economics-heavy and bitcoin-light week here at The Bent, so I figured I'd brain dump some interesting things that caught my eye over the last few days that show that Bitcoin's fundamentals are only improving.
The third block subsidy halving is 10-days behind us at this point and your Uncle Marty feels it's a good time to check in on some network data to see how things are going.
It feels like as good a time as ever to get back to our roots here at The Bent.
Truly smart contracts and DeFi brought to Bitcoin. Done correctly with minimalist design that doesn't rely on a 3rd party oracle. Bitcoin is the oracle. The haters are in disbelief!
Why do individuals decide to put in the effort to acquire hardware to mine bitcoin?
Is Hut 8 proving the haters wrong? Or are they an anomaly that cannot be replicated?
Very minute details like this highlight just how thorough Satoshi was from a design perspective.
Despite what some might say about Bitcoin's "shortcomings" and immaturity for the world stage, the Wiley entrepreneurs in the mining industry seem not to care one bit.
This is why the difficulty adjustment is so vital to Bitcoin as an incentive system with built-in checks and balances. Without it, Bitcoin's distribution schedule would be unpredictable.
Without the ability to adjust the difficulty, assuming that Bitcoin had value and miners were joining the network, blocks would come in way too fast, expediting the issuance to the point where Bitcoin wouldn't be good as a money.
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