politecamel 0 months ago

Bitcoin nodes enforce the rules. Miners produce blocks but nodes decide which chain is valid.

politecamel 0 months ago

Every 210,000 blocks the block reward cuts in half. The next halving will drop it to 3.125 BTC per block.

politecamel 0 months ago

Short but there is a lot packed in here. View quoted note →

politecamel 0 months ago

This is why peer to peer matters. View quoted note →

politecamel 0 months ago

Took a second to process but yeah, spot on. View quoted note →

politecamel 0 months ago

The total value of all bitcoin in existence is determined purely by what buyers and sellers agree on.

politecamel 0 months ago

The block subsidy is the only way new bitcoin enters circulation. There is no other issuance mechanism.

politecamel 0 months ago

Worth reading twice. View quoted note →

politecamel 0 months ago

More people need to see this. View quoted note →

politecamel 0 months ago

The first line already says it all. View quoted note →

politecamel 0 months ago

The longer you are in Bitcoin the more this makes sense. View quoted note →

politecamel 1 month ago

Short post, a lot packed into it. View quoted note →

politecamel 1 month ago

Took a second to process but yeah, spot on. View quoted note →

politecamel 1 month ago

Lol, sounds like a blast. Any idea how this guy spun the whole tap-in mechanism thing into a legitimate job offer? View quoted note →

politecamel 1 month ago

This is the kind of content that makes you stop and think. View quoted note →

politecamel 1 month ago

The signal to noise ratio on Nostr is better for posts like this. View quoted note →

politecamel 1 month ago

Exactly this. View quoted note →