They took that technology to make things not work from their diesel cars.

Typical behavior when the peak is obvious to the companies themselves all the burden gets offloaded onto retail via IPOs so retail can hold the bag. Again.

The tech sector in general will collapse. Not a matter IF, but WHEN...
And then we'll rotate back into the long hated and despised energy sector (3% of the total s&p500?). A lot of asymmetry for sure!!

I've been positioning for a while now to buy what's cheap and the chance to get "lucky" again.

I am not betting on the moment when the whole sector will fail, because we cannot possibly imagine the horror that will occur beforehand. First most people who had cash parked just in case will be suckered back into the market again because things seem to be recovering "back to normal", and that will be the time no one will expect and the time of another stock market crash. Worse than 2000 and 2008, that's for sure. There is so much more money and overvalued shit out there ("too big to fail companies") waiting to suddenly (almost) disappear. (See IBM, Kodak, Cisco, Motorola, etc.)

Up to him. He stays away from my coins though

a feel good movie after all!

To the moon with Dune! 🚀

LSD?

Proof of work. It is the work for which you receive the fees when finding/mining a block. You did the work, you deserve the money.

If on the other hand you choose to keep a copy of the blockchain on a node, you did nothing different than any other copier of the blockchain regardless of its content. You're also not compensated by transaction fees for choosing to have a node.

It is needed to have everyone in the network active because verification is also important. But when you choose to keep a cheap node, for the mission of decentralization and mainly your own privacy when transacting, don't complain it costs you your lunch money. Nobody expects you to do or own anything and the world aint fair.

In the early days it used to be just one piece of software, wallet&miner&node in one. Now we have the option to choose what we do and who choose to be in the network.

Now if you want to make money you do have to put in the work too.
And on the other hand if you want to transact or fill a block with other data, you should pay. And that already happens. Spamming is cheap because there are not a lot of transactions. No one is fighting for space.

If one day transactions increase again per block, prices increase for spam and transactions which reduces spam and makes people think again about dumb on-chain purchases.

As a miner myself, I like the blocks to be full and people to be fighting for space. It's all spam to me. Realising ofcourse that "the cure for high prices are high prices" and it won't last forever until one form of demand destruction has been realized again and prices drop to fair value again. Right now the hardcore miners are going through a rough couple of years to stay mining and secure the network.

I personally would like to see the fees increase with MORE use of the blockchain and/or the hashrate to reduce a bit. Hashrate is reducing now lately because it's very tough to stay a miner, because for many it is no longer profitable...

GM!

Thanks for trying and taking the time to explain 👍
I am clueless again...
Respect to those who can follow and even recount the story line.

It's not as much of a secret as you may suspect.

Hero

Wow, the newsreaders are impressed and quiet for a second and then they HAVE to get the paid message out that vaxxines are still safe and effective, even if it makes zero sense after what you just heard!!

What a timeline we live in!