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bitfeed
p1618
1 year ago
Does anyone have that picture that shows the true origins of blockstream's funding?
p1618
1 year ago
What if tether is in fact backed mostly by BTC and everytime BTC goes UP they print more USDT and buy more BTC? The more BTC they have the more USDT they can print when BTC goes UP and the more they can pump the BTC price.
p1618
1 year ago
@shadders Luke Dash Jr has discussed this in the past. Basically his belief is that once miners break up with current rules and start mining the new "invalid chain" (from the perspective of those who are still validating the old chain), all the hash power and nodes that moved to the new chain will free up space for smaller miners to turn on their mining equipment and mine the old chain. The ultimate backstop, assuming ALL industrial m
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p1618
1 year ago
I disagree, I think the valuable thing is to have information enough to have a strong conviction about the price direction of anything, up or down.
p1618
1 year ago
Where is this coming from? Why would this scenario play out?
p1618
1 year ago
Hal
p1618
1 year ago
What is most interesting is that it *is possible* and, if it is a really good revenue stream, someone will take the opportunity. That's the power of economic incentives. One of the biggest innovations of bitcoin is that it removes barriers for creating economic incentives for almost anything.