Marty's Ƀent
Issue #717: GAM: Bringing Hash Power to North America
If executed correctly, this will be a huge benefit for everyone involved.
If executed correctly, this will be a huge benefit for everyone involved.
A system addicted to debt sows its own demise at a certain point because it creates too much opportunity costs, forcing people to choose work over breeding, setting in play a long-term decay in the funding base of the system.
The narrative that persisted last year was that Bitcoin is boring, slow, and rudimentary while ICOs are the wave of the future, and the mania around this hot toy + narrative drove prices into irrational levels.
Maybe all parties involved have admitted defeat to BTC amongst themselves and are actively trying to sabotage Bitcoin Cash while shorting the markets.
What we learned towards the end of last Summer is exactly what Matthew is describing in his thread, node operators ultimately decide what Bitcoin is and miners are contracted out to secure the network and collect block rewards and transaction fees for their service.
Here's something to keep an eye on for you freaks who are anxiously waiting for this bear market to reverse course; how much of the intermittent price increases are being driven by retail dominated exchanges?
