thetrocro on Nostr: True. The gold isn’t manufactured. But its rate of discovery is a function of ...
True. The gold isn’t manufactured. But its rate of discovery is a function of technology and demand. Bitcoin’s is pre-set. That constantly trips people up when they think of mining. Dhruv’s way of thinking about it is better. The network already has the bitcoin: they just haven’t sold them to the miners yet in exchange for hash.
Published at
2025-02-10 19:44:04Event JSON
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"pubkey": "9c612f8b770f0e3fd35cdac2bc57fcee8561e560504ea25c8b9eff8e03512b3e",
"created_at": 1739216644,
"kind": 1,
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"content": "True. The gold isn’t manufactured. But its rate of discovery is a function of technology and demand. Bitcoin’s is pre-set. That constantly trips people up when they think of mining. Dhruv’s way of thinking about it is better. The network already has the bitcoin: they just haven’t sold them to the miners yet in exchange for hash.",
"sig": "c1ac5683cd68faf486bc4802221defcd5c72a05ae669ad6d19c9aea5349e6337f5d45dd23783bc427d3b6478d8c16e334ff173de3ca57f529ee3b95eaf2518cd"
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