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PiecoverBTC
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I write for #Bitcoin at piecover.com 80 IQ Paranoid #Bitcoin maxi Bitcoin is ! Husband & Dad LN⚡piecover@walletofsatoshi.com Bitcoin Education For The World: piecover.com Youtube: @piecover Twitter(X): @piecoverbtc Bitcoin Silent payment: sp1qqd02gfkc56e9whh6d0pkf2q0cu6ezcsvg67l7jvgcap8z7slj68qkqmaq3yjmt56pnpkcrc5avvqus7s69e5daqcdpvys6p46yazya7seq27qwj6
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PiecoverBTC 10 months ago
Why Bitcoin security budget will always be enough and why Miners will do just fine short and long term. Many people raise concerns over miner revenue decreasing as block rewards get smaller every 4 years and fees decreasing. But I think these people are missing a lot of things that I discuss below. Even if big factory miners shutdown today we have bitcoin solo miners as a backbone to secure the network. As of today we have over 10 thousand Bitaxes online that's over 10PH of Hashrate plus over 1EH of various types of miners who are hardcore believers who won't turnoff no matter what. Most of these miners are hobby miners who are not worrying about hashprice or difficulty adjustment they simply plug it and forget it. But there are more. In some regions in Africa and other continents mini power grids start to rely on Bitcoin mining to stay profitable. Companies like Gridless and others are harvesting the surplus energy those mini grids are producing by helping them make extra revenue in return. These miners don't need to worry too much about energy prices as they simply give a percentage of anything they make. We also have massive amount of stranded energy that are just about to coming online. Stranded energies are source of power that are being wasted or unused such as: gas flaring in the atmosphere from the oil field, landfill methane gas venting, etc. Bitcoin mining is probably the best and cleanest way to dispose these gas and making money in the process. In my opinion, most industrial factory miners will eventually find their way to more stranded energy sources as the Bitcoin difficulty and efficiency tighten their revenues, again that's a very good thing as they will be using more wasted energy. For these reasons and much more others, Bitcoin security budget will always be enough to secure the network as there will be some people somewhere who are willing to plugin miners even when they are not making money.
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PiecoverBTC 10 months ago
'The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.' - Satoshi Nakamoto
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PiecoverBTC 10 months ago
Global warming is a Big Scam Propped up propaganda by governments who want to print more money to launder through to green energy projects.
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PiecoverBTC 10 months ago
Happy Easter ! Love and forgiveness Are best Medicine to pain
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PiecoverBTC 10 months ago
58K Gang becomes the 85K Gang, crazy how that works #Bitcoin
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PiecoverBTC 10 months ago
Do what people don't want to do because they think it's: Too hard, too unconfortable, too dirty, you will have a better chance of succeeding
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PiecoverBTC 10 months ago
Parents take their kids to piano even though they know they won't be a piano player. But they do because they see other idiots do
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PiecoverBTC 10 months ago
KYC exchanges are future nightmare Get your SATs on Robosats, none-KYC exchanges or #Bitcoin ATMs close to you. Avoid at all cost, giving away your identifications or video recognition of your face, these violations of your privacy will come back hunt you. Yes, you pay a little premium for none-KYC SATs, but in the long run it won't even matter and it will payoff massively. You will have much more freedom and peace living off your none-KYC SATs than your KYC SATs. Do not take this lightly, do your due diligence today. #KYC #Exchange #BTC #Robosats #Sats #Stacksats #Freedom #BTM
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PiecoverBTC 10 months ago
Keep it simple: 1 Wife 1 investment/saving(#Bitcoin) 1 Car 1 house 1 God 1 Love 1 Chair 1 Gun
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PiecoverBTC 10 months ago
Every year people will get poorer unless they find an exit to the dollar dumpster fire 🔥 All parties will print more dollars 💶 to fund their own pet projects
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PiecoverBTC 10 months ago
All a politician can do for you is "Printing more dollars to push you deeper down into poverty" Buying Bitcoin is the only real move
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PiecoverBTC 10 months ago
The negative impact of Increasing the #Bitcoin block size would not only be dilutive to miners, but most importantly it would attack #Bitcoin immutable nature and tank integrity. Bitcoin is! We shouldn't F* around with the parameters, "no increase no decrease, too much change is bad, no change is good" a decrease today is a future proof we can increase later so NO. Most Devs want to worsen things, 99% of their ideas are imperfect and badly motivated.
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PiecoverBTC 10 months ago
#Bitcoin does better long term, plan to hold for at least 10 years.
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PiecoverBTC 10 months ago
This feels like a 78K gang incoming if u ask me
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PiecoverBTC 10 months ago
U.S. Will have to refinance the debt at a high rate image
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PiecoverBTC 10 months ago
Global money supply is soaring, protectprotect your money #Bitcoin image