Wages were paid twice a day because money lost its ability to buy bread in a matter of hours.
Solar Satoshis
npub1p7ur...tjxl
off grid, on chain.
I’m that page you find in the far future that called it all from the start.
“Where does Bitcoin go from here Michael?”
Bitcoin promotes minimalism
I wish the word “crypto” would fade away. If we call money by the channel it travels through - then we should call anything we read online as “packets” instead of information.
When someone says:
“Bitcoin uses too much energy”
what they are really saying is..
“Bitcoin is too secure, too hard to attack, and is too decentralized to control”
Energy consumption IS the point.
I don’t tell just anyone this, Nostr
Difficulty adjustment is as follows:
New Target = Old Target • (Actual time/ Expected time)
Important to note that it can only be adjusted up and down by a factor of 4.
If (Actual/Expected) > 4 then (NewTarget=OldTarget•4)
If (Actual/Expected) < 1/4 then (NewTarget=OldTarget •1/4)
Basically this means no matter what the world does - bitcoin is designed to adjust to keep the blocks at 10 minutes per.
The SHA-256 Sluice Mk4
🧶