JackTheMimic on Nostr: Damn man, Elmer FUD going hard! Look, the main threat here is not understanding that ...
Damn man, Elmer FUD going hard! Look, the main threat here is not understanding that hodling Bitcoin and spending bitcoin are two separate yet equally important scarcity checks. The coin scarcity versus your stack and the block scarcity versus your transaction. If you hodl you essentially take the power from the miners and bankrupt them (No transactions = no fees). The only profitable model will be the distributed Bitaxes mining on Ocean, Public Pool, or CK Pool. Like all other things that don't produce real value in a hard money world, they get poorer. Hodl your own coins, and distribute a small amount of hash solo or sovereignty focused pool. It makes no difference to the network if an exahash is one mining warehouse or distributed across millions of small machines. It'll be okay man, incentives align to make Bitcoin more resilient.
Published at
2025-02-09 01:49:52Event JSON
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"content": "Damn man, Elmer FUD going hard! Look, the main threat here is not understanding that hodling Bitcoin and spending bitcoin are two separate yet equally important scarcity checks. The coin scarcity versus your stack and the block scarcity versus your transaction. If you hodl you essentially take the power from the miners and bankrupt them (No transactions = no fees). The only profitable model will be the distributed Bitaxes mining on Ocean, Public Pool, or CK Pool. Like all other things that don't produce real value in a hard money world, they get poorer. Hodl your own coins, and distribute a small amount of hash solo or sovereignty focused pool. It makes no difference to the network if an exahash is one mining warehouse or distributed across millions of small machines. It'll be okay man, incentives align to make Bitcoin more resilient.",
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