Petar on nostr

Bitcoin-BLAKE2b explained for non-technical node runners (technical summary provided in the screenshot) The main benefits are: * More ASIC competition: designed to work with hardware from several in...

Petar @Petar 1787043857

The problem is unless everyone moves to blake2b then it will never hold value because there can only be 21 million, most will likely mine it and move it to legacy if legacy is the one holding value and then it just becomes another shitcoin that goes down over time which ruins Bitcoin just as much like spam because if money can't hold value then it fails just like fiat

Tauri | Bitcoin (XBT) · 7w

Only 21 million holds little merit already in Bitcoin-SHA256. Tail emissions and demurrage are coming sooner rather than later. Plus with all the derivatives floating around, you can’t really enforce the hard cap in a credible way. I think your opinion is also flawed based on this: nostr:nevent1...

Excommunicado · 7w

You're still looking at it through fiat perspective. 1BTC will always be 1BTC if secured by a protocol without 3rd party. That's 1/21M. Core chain has now proven the ability to remove this attribute over time which will make 1BTC less valuable because it will become a smaller part of the full pie. Y...