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ANNOUNCEMENT: #Bitcoin  Asia dates have been confirmed for May 9-10, 2024 💥

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Satoshi Nakamoto's famous quote ends with "If you don't believe me or don't understand, I don't have time to try to convince you, sorry..."

Discover the world of #Bitcoin , where miners embark on thrilling adventures to unearth the rarest coins and unlock the treasures of the digital realm. 💎

Bitcoin's hash rate hit an all time high 500 exahashes/s this month. To highlight the enormity of this number: - For every star in our galaxy, the Bitcoin network is calculating 5 billion computations per second. - It would take ~2000 years for the entire global population, each performing one hash/second, to match the Bitcoin network's hash rate. - The Bitcoin network performs ~67 times more hashes per second than there are grains of sand on Earth. - By number of raw operations/second, Bitcoin is ~500x more performant than the world's most powerful supercomputer. Yet, there are skeptics out there that still believe "bitcoin is backed by nothing".

Personally, I think that the decisive battle with centralized Bitcoin spot ETFs in the future will definitely fall on the Lightning Network. If Lightning Network does not succeed in the decisive battle for decentralized #btc, Bitcoin will lose its most important functions after 2026. That is to say, Bitcoin is the first time in human history that it has used technical means to realize the sacrosanct function of private property. I will also clear all my positions and leave the currency circle. #bitcoin

Running bitcoin

"A Bitcoin ETF is a trading product. You purchase it with fiat to earn fiat. It is not #Bitcoin ." – BitMEX founder 👏

#BITCOIN  ⚡️The FULL node is the altar of truth ⚡️The purse is the weapon of liberty ⚡️Miners are fighters for democracy You should know when you own Bitcoin: It's not all about money, it's about personal sovereignty 1BTC=1BTC

Here, n represents the nth halving event. As n increases, the block reward decreases geometrically, hence the name "geometric progression". These halving events continue until the block reward becomes so small that it rounds to zero. This process is expected to continue until around 2140, when 21 million Bitcoins will be mined. The mathematics behind Bitcoin ensure that issuance is predictable and diminishing, creating an environment of scarcity that encourages preservation of value over time. This has led to Bitcoin being labeled “digital gold”. It is a testament to the genius of Satoshi Nakamoto that he not only created a functional decentralized currency, but also gave it properties that incentivize savings and long-term investment through a deflationary monetary policy. Understanding this formula is more than just understanding how cryptocurrencies technically work. It’s about appreciating the beauty of the fusion of economic theory, cryptography, and mathematics that underpins what may be one of the most important inventions of the 21st century.

The beauty of this formula lies in its simplicity and the way it automates Bitcoin monetary policy without the need for intervention from a central authority. It is a self-regulating system that mimics the extraction of finite resources, where "mining" becomes increasingly difficult, mimicking the increasing difficulty of extracting gold from the earth as readily available supplies are depleted. The total supply of Bitcoin is capped at 21 million, a number that is hard-coded into the Bitcoin protocol. This restriction ensures the scarcity of Bitcoin, similar to precious metals such as gold, which cannot be produced in unlimited quantities. The mathematical formula that defines the issuance of new Bitcoins is an example of a geometric progression. The series is represented by the sum of Bitcoins released in each block reward, which initially was 50 Bitcoins per block. Every 210,000 blocks, or approximately every four years, the block reward for Bitcoin miners processing transactions is cut in half, an event known as the “halving.” The formula that reflects this is:

#Bitcoin Popular science before Bitcoin halving: Bitcoin is the perfect marriage of money and mathematics: One of the most elegant aspects of Bitcoin is its supply mechanism, which is defined by a simple yet profound formula that governs the creation of new Bitcoins. Understanding this mathematical formula provides insight into the scarcity and deflationary nature of Bitcoin and fully demonstrates the elegance of mathematics.

#Bitcoin Why do I always emphasize that Bitcoin does not need to be predicted in the long term, but cannot be predicted in the short term? Throughout my twelve years of working in Bitcoin, I witnessed many of my friends making a mistake over and over again. This mistake will haunt them for many years. This error may not be what you think. This has nothing to do with self-custody or even investing in altcoins. This also has nothing to do with entering the market early enough. Many newbies are jealous of those who can buy Bitcoin for less than $10. But this is a reality that must be faced. Last week, this started happening again with the launch of U.S. spot ETFs. As the ETF gets approved and starts trading, the price of BTC surges to $49,000. It turned into a sell-off news event due to multiple factors, with the price falling to $41,000 before rebounding. In just 48 hours, people felt like they were on top of the world, and then fell into the deepest valley. The problem isn’t that the ETF didn’t immediately cause BTC’s price to surge to $100,000, nor that the price fell. The real problem is that people are too emotional about prices in the short term. For those of you who have been in the Bitcoin market for quite some time, you may have heard of future Bitcoin price predictions that have now become legendary. The general consensus in the current bull market is that Bitcoin will break $100,000. This is very conservative. However, most expected it to go much further. Things get more interesting when you zoom out and look ahead. Cathie Wood of ARK Invest believes that Bitcoin could hit $1.5 million by 2030. Fascinatingly, she's not alone in this view. It doesn’t matter if Bitcoin reaches $1.5 million by 2030, that’s the question that too many people are stuck on. Today, people worry about how to time the market perfectly and buy Bitcoin as cheaply as possible. They were either afraid of missing out when the price went parabolic to $49,000, or they were too scared to buy when the price hit $42,000. To them, this $7,000 price range is the difference between Bitcoin being in a full bull cycle or us being primed for more pain. This causes them to stop buying. And for those of us who have fallen down the Bitcoin rabbit hole, we all believe in one thing. The price of Bitcoin will not only increase, but it will increase significantly. Even though ETFs have just been approved, we are still in the early stages of this market. The harsh truth is that if the price of Bitcoin reaches $500,000, or even exceeds $1 million. This means it doesn’t matter if you buy Bitcoin for $42,000, $49,000 or even $69,000. Ultimately, we must remember this key fact. Bitcoin is still very cheap.

there is no second pet

#Bitcoin  is artistry in the Blockchain.

Find solace and rediscover balance. #Bitcoin  volatility is not chaos but a dynamic part of the process.

#Bitcoin  is forged in the fires of innovation and resilience. The flames of challenges only refine its capabilities, shaping a future of financial transformation.