from an article about the bitcoin crash: “Bitcoin is crashing hard, reaching historic lows of well below the $70,000 mark.
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from an article about the bitcoin crash: “Bitcoin is crashing hard, reaching historic lows of well below the $70,000 mark. At the time of writing, the token is hovering just above $63,000, levels we haven’t seen since October 2024.”
Given that I personally remember people being excited that bitcoin had reached the mark of one (1) dollar, the term “historic lows” to describe returning to the state of things slightly over one year ago is rather telling about the tech industry’s lack of perspective and cultural memory…
(it’s still dropping though
) -
from an article about the bitcoin crash: “Bitcoin is crashing hard, reaching historic lows of well below the $70,000 mark. At the time of writing, the token is hovering just above $63,000, levels we haven’t seen since October 2024.”
Given that I personally remember people being excited that bitcoin had reached the mark of one (1) dollar, the term “historic lows” to describe returning to the state of things slightly over one year ago is rather telling about the tech industry’s lack of perspective and cultural memory…
(it’s still dropping though
)@0xabad1dea we once looked into the possibility of shorting it, but it isn't really possible. like, there are people selling products that purport to do that but they're denominated in other proof-of-waste currencies, so it doesn't have the intended purpose.
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@0xabad1dea we once looked into the possibility of shorting it, but it isn't really possible. like, there are people selling products that purport to do that but they're denominated in other proof-of-waste currencies, so it doesn't have the intended purpose.
@0xabad1dea (we're not finance people but we imagine there's something about how negative feedback is important and a market without it.... well, anyway)
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from an article about the bitcoin crash: “Bitcoin is crashing hard, reaching historic lows of well below the $70,000 mark. At the time of writing, the token is hovering just above $63,000, levels we haven’t seen since October 2024.”
Given that I personally remember people being excited that bitcoin had reached the mark of one (1) dollar, the term “historic lows” to describe returning to the state of things slightly over one year ago is rather telling about the tech industry’s lack of perspective and cultural memory…
(it’s still dropping though
)@0xabad1dea I used to get my pieces of bitcoin from public faucets. Back before they added all the extra decimal places.
-
from an article about the bitcoin crash: “Bitcoin is crashing hard, reaching historic lows of well below the $70,000 mark. At the time of writing, the token is hovering just above $63,000, levels we haven’t seen since October 2024.”
Given that I personally remember people being excited that bitcoin had reached the mark of one (1) dollar, the term “historic lows” to describe returning to the state of things slightly over one year ago is rather telling about the tech industry’s lack of perspective and cultural memory…
(it’s still dropping though
)@0xabad1dea isn't the big landmark that it now costs more to mine a bitcoin (in dollars) than 1BTC is worth?
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from an article about the bitcoin crash: “Bitcoin is crashing hard, reaching historic lows of well below the $70,000 mark. At the time of writing, the token is hovering just above $63,000, levels we haven’t seen since October 2024.”
Given that I personally remember people being excited that bitcoin had reached the mark of one (1) dollar, the term “historic lows” to describe returning to the state of things slightly over one year ago is rather telling about the tech industry’s lack of perspective and cultural memory…
(it’s still dropping though
) -
@0xabad1dea isn't the big landmark that it now costs more to mine a bitcoin (in dollars) than 1BTC is worth?
@0xabad1dea @TomF iirc the difficulty is set dynamically based on the time it takes to mine 2000ish blocks, so it might also create some interesting thrashing effects where everyone loses money trying to race
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@0xabad1dea @TomF iirc the difficulty is set dynamically based on the time it takes to mine 2000ish blocks, so it might also create some interesting thrashing effects where everyone loses money trying to race
@0xabad1dea @TomF er, try to race as soon as enough people back off bc it's not profitable
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@0xabad1dea @TomF iirc the difficulty is set dynamically based on the time it takes to mine 2000ish blocks, so it might also create some interesting thrashing effects where everyone loses money trying to race
@ShinyQuagsire @0xabad1dea @TomF And only those who have resources to burn in order to push others out are going to profit.
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