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RE: Conspiracy Theory File - Malicious Chain-Death Attack "Plausible" On Bitcoin At Next Difficulty Adjustment (Nov. 26) (Part 2)
Am waiting with bated breath.
If nothing else, I will lock away that little gem about getting money out of exchanges over Murican holidays.
And while I can claim a certain amount of ignorance about the technical side of cryptocurrencies, your description is simple enough to give me a basic understanding that the miners drive the currency.
Most people simply try to follow the price fluctuations and predict where they're going to go (usually unsuccessfully), but having an idea where the miners are taking their hashing power is a whole different level.
You're going to be in my next #bernieblackfriday post for sure (and it won't be in a sarcastic way like @sweeeettsssssj's mention was in my first shameless upvote grab).
"getting money out of exchanges over Murican holidays."
In my opinion, problem the only real actionable point in this post.
"understanding that the miners drive the currency."
Ultimately, absolutely right. Their profitability is what keeps the chain alive. That is one reason I've found the whole Bitcoin Cash thing so interesting - there's finally very two similar chains and protocols, that work on the same hardware (like ASIICS), now competing for mining activity based on who is more profitable. Exciting stuff...for awhile, it went back and forth every couple of days.
"You're going to be in my next #bernieblackfriday post for sure (and it won't be in a sarcastic way like @sweeeettsssssj's mention was in my first shameless upvote grab)."
I'll make sure to check that out...and the one you mentioned here.
That sounds suspiciously like free market capitalism. ;-)
You made a sarcastic comment about sweetssssssssj? Curious. I use that name as well. And have been known to be sarcastic on that topic as well.
$300 per post or $10K per month for a few pictures and a bit of text is definitely a sweet deal.
Highlights the unresolved issues with steemit rewards system.
I'm finding Steemit to be more and more analogous to the US Con-Gress.
Pound your chest with righteous indignation while continuing to milk the cash cow.
That's not directed at @lexiconical, he's one of the few who manages to balance criticism with optimism here.