If you think bitcoin is going up a lot now, wait until 2140

2개월 전

BTC Hashrate hits a new all time high

What comes first the chicken or the egg?

The Chicken lays the egg but a chicken is born from an egg, so which comes first?

Which comes first, the price of bitcoin going up or the hash rate going up?

There's an argument to be made either way.

Personally I think hash rate follows price, but other very smart people tend to think it's the other way around.

Today the BTC hash rate hit another all time high:

image.png

(Source: https://twitter.com/cryptowat_ch/status/1376514465408106499/photo/1)

The hash rate is the total computation resources put into securing/mining the bitcoin network.

The higher the hash rate the more secure the network.

Bitcoin has never been more secure than it is right now.

Interestingly enough, if we think the price is going up a lot right now, just wait until there are no more new coins being created...

I won't have to worry about that considering it won't happen until roughly 2140, but it could be a problem for my grandchildren...

Stay informed my friends.

-Doc

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
STEEMKR.COM IS SPONSORED BY
ADVERTISEMENT
Sort Order:  trending

I think you are right. So right. :-( I no bitcoin. Wah! Wah!

Thanks for the explanation, im going to try and learn more about crypto as it seems to be here to stay.
I have enough trouble trying to understand it , can't fathom how someone could be smart enough to invent this.

This won't impact anyone holding btc today.

When there's no new supply, the price will have to be much higher.

BTC will either be worth millions or dead.