bItCoIn iS nOt BaCkEd By AnYtHiNg 🤡 It's backed by the energy needed to produce it. This acts effectively as a floor for price.

MacroMicro

Bitcoin - Average Mining Costs | MacroMicro

Through observing consumption of electricity and daily issuance of bitcoin, provided by Cambridge University, we can find out the average mining co...

Energy flows to where your attention flows. Corollary: whatever has your attention has your energy.

odd times: all time high hash rate, while mempool is empty. #PaperBitcoin?

What's it called when I no longer think of "buying bitcoin", but now think "selling dollars"? Is this some weird form of autism? (Thanks @jack mallers for educating about "getting on zero" with @strike)