Praise publicly. Rebuke privately. Every time.

"If you know Bitcoiners like I know, there will be a ton of competition and innovation in the mining space in the near future."

Blake2b

I'm happy for your optimism. I hope everything turns out as wonderful as you suppose.

The coach for the other team is also referee. Does that analogy make it clearer? You cannot have the miners deciding what is valid, which is apparently how Bitcoin works now.

You do not have a fair and free game when the other team's coach is also the umpire.

Foundry, antpool, F2pool, spider pool, viabtc. Those 5 nodes control 80% of mining.

Coinbase, binance, gate, okx, bybit. Those five economic nodes conduct most transactions.

Identified. How control?

In order to withdraw $10k from a bank, you have to KYC, answer 20 questions, and wait for days. That is coming to Bitcoin. The exchanges will not let you withdraw, the miners will not pass your transactions until you jump the hoops.

Inflation? Coming to Bitcoin.

Five economic nodes. Five mining nodes. In 10 years the mining reward will be 390k sats. The miners will insist that's not enough to stay afloat. The captured Core devs will change the code to allow tail emissions because the miners are "too big to fail." Without them, the network would not be secure.

Five economic nodes. Five mining nodes. A compliant/corrupt dev team. Welcome to your inflation. And, poor pleb with your insignificant little node, will be powerless to stop it.

You didn't want to reverse course while we could.

To be fair, the dollar wasn't fiat until 1971. That's when it became fiat.

Yes, it was redeemable for gold at the bank.

Do not over complicate! 🫡

That's kinda like a doctor saying: you could just cure yourself.

People who don't do computers for a living aren't going to do that.

Dude. Chill.