đ Strategy bought 950 BTC for USD 75.7 million after a 3-week pause. With this, its total reserves rise to 846,000 Bitcoin, a piece of news that boosted the value of its shares by 16% in the market.
âď¸ A flaw in the pools leaves miners âstranded,â as they reduce their hashrate: by submitting fewer shares, the controller doesnât adjust the difficulty, and they waste energy without reward. The proposed solution is to use timers that adjust without relying on shares.
Bureaucrats foot the bill for wars
âBureaucrats donât give up setting the price of money because that price is what allows them to finance wars without voting on taxes, cover deficits without cutting spending, and spread the cost among those who donât sit at the table. They donât give this up because it lets them socialize the cost when they make mistakes. Meanwhile, in plain sight, thousands of people lend money at rates that nobody decreed.â
đ Why does the price of money have so much power, and what does this have to do with Bitcoin?
#BTC #strategy #MicroStrategy #bitcoin #MinerĂaDeBitcoin $BTC $WBTC
âď¸ A flaw in the pools leaves miners âstranded,â as they reduce their hashrate: by submitting fewer shares, the controller doesnât adjust the difficulty, and they waste energy without reward. The proposed solution is to use timers that adjust without relying on shares.
Bureaucrats foot the bill for wars
âBureaucrats donât give up setting the price of money because that price is what allows them to finance wars without voting on taxes, cover deficits without cutting spending, and spread the cost among those who donât sit at the table. They donât give this up because it lets them socialize the cost when they make mistakes. Meanwhile, in plain sight, thousands of people lend money at rates that nobody decreed.â
đ Why does the price of money have so much power, and what does this have to do with Bitcoin?
#BTC #strategy #MicroStrategy #bitcoin #MinerĂaDeBitcoin $BTC $WBTC
