Why?
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Replies (1)
Not sure what you are referring to.
Why it's not just math (
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Why there can only ever be 21M is incorrect (
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Why "hashrate up = security up" is incorrect (
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What made me sell most of my Bitcoin a few months ago
I am not bearish on Bitcoin's fiat-denominated price. I am bearish on Bitcoin's odds of becoming mass MoE, and I am pricing the coordination tax.
Why Bitcoin's 21M cap is not guaranteed (Paper Bitcoin)
The protocol can cap issuance at 21,000,000 BTC. Markets can create claims on far more than 21,000,000 BTC.
Bitcoin's mining centralization problem (Hashrate ≠ Freedom)
Hashrate ≠ freedom. Templates = freedom. Until miner-templating is common and censorship correlation breaks, rising hashrate is mostly optics.