/biz/ - Business & Finance

If someone does 95% of what I like and 5% things I don't like, I don't generally throw a fit over it.

Perfect is the enemy of good.

>>57882175
Why AI generate when we have real Monero Sisters?

$100 was the cycle bottom for Monero.

>>57140159

>>56570199
https://www.youtube.com/watch?v=vSrf9j2pvmU

https://en.wikipedia.org/wiki/Icelandic_Commonwealth

Called the Monero developers. Price will be re-pegged to $150.

>>54688948
Valid view key required.

>No tail emission = Bitcoin is fucked

Right now, at the current hashrate, miners break even on energy expenses at a BTC price of $22K. Post 2024 halving, that break even point, at the current hashrate, goes up to $44K. If BTC does not go to $44K, miners will be unprofitable and hashrate will have to drop (miners going out of business) to reduce the cost of securing the network, also reducing the security.

If you know anything about the power of 2, you already know that things get very big, very fast. If we’re 3 halvings into 32 total halvings, then the estimated break even point for miners at current hashrate going into the last halving would be:

$22,000 * (2^27) = $2,952,790,016,000 per BTC

$2,952,790,016,000 per BTC * 21 Million total Bitcoin = $62,008,590,336,000,000,000 BTC Market Cap

The block rewards shrink so fast that after enough halvings Bitcoin would eventually require a $2.95 trillion price per Bitcoin and a $62 quintillion market cap to sustain the current cost of $7.15 billion/year.

Even if these numbers were somehow realistic, can you imagine securing a $62 quintillion market cap on only $7.15 billion/year of hashrate? LOL.

And that’s assuming energy costs do not increase at all over the next 120 years, which they will.

So basically BTC mining will eventually become so unprofitable the hashrate (network security) will shrivel up UNLESS it is subsidized by BTC transaction fees.

https://cryptostackers.substack.com/p/bitcoin-is-not-a-store-of-value

>>53966164
Bcashies are almost entirely remnants of the blocksize war that have to much emotional investment to look at alternatives. They're eventually going to die off, but that will take a long time and in the meantime they do have a sizeable community (particularly in NH where that pic was taken as you have shitloads of Bitcoin OGs here).