Bang! 365 days 'til next BTC halving.

The starter-gun fires indicating LAST LAP!

In this case, the last lap around the sun before BTC rewards halve.

Miners, are you ready to lose half of your revenue? Of course, the price of BTC could double between now and then, or all miners collectively sandbag and further limit the number of on-chain transactions and drive up fees. Outside of that, your operating income will be cut in half.

I know there are quite a few long term energy contracts that will sustain mining for upwards of a year after the halving, but if your not a going commercial concern with close ties to an energy origin, how long can you run on half your income?

There's still plenty of time and a good chance the market (or Tether) sees fit to drive up the price.

I will admit I was stunned when there was very little ebb in hashing power after the last halving. It's very hard to quantify the extent to which a person or company will continue gambling that they can outlast their competitors in a game of economic chicken. They hope their competition can't survive on scale and drops out of contention first.

You've got one lap left to pop the corn and warm the butter. Remember, not too much salt!

Source: 365 days according to fork.lol, bottom of page

submitted by /u/bitmeister
[link] [comments]

source https://www.reddit.com/r/btc/comments/1335q5s/bang_365_days_til_next_btc_halving/

Bitcoin from Firstrade

Has anyone bought bitcoin from Firstrade? It’s my stock brokerage for a long time (maybe 10 years). I have only bought crypto via Grayscale’s ETF, GBTC & ETHE as I don’t have a crypto brokerage. Firstrade now offers crypto trading (even without fees). However, the spread is so big! Is this normal in your typical crypto exchange? Is it safe (like stock) if I purchase crypto through Firstrade? Thank.

submitted by /u/alexlu713
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Bitcoin as The Trust Layer of the Internet from Shone Anstey, CEO of LQwD Fintech (Canadian Company All-In on LN and LN expansion) (Canadian Bitcoiners Podcast)

submitted by /u/CanadianBTCPod [link] [comments]

History is written by those who control the money, Bitcoin fixes this

submitted by /u/No-Comparison-9307 [link] [comments]

Another bank bites the dust: FDIC to place First Republic under receivership (chancellor on the brink of second bailout)

submitted by /u/FearlessEggplant3036 [link] [comments]

source https://www.reddit.com/r/btc/comments/1329th2/another_bank_bites_the_dust_fdic_to_place_first/

#bitcoin

why is it always like this? hahaha submitted by /u/iugsemgo [link] [comments]

Bitcoin, Argentina, the IMF XDR & the Triffen Dilemma

"The Triffin dilemma or Triffin paradox is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies. This dilemma was identified in the 1960s by Belgian-American economist Robert Triffin, who pointed out that the country whose currency, being the global reserve currency, foreign nations wish to hold, must be willing to supply the world with an extra supply of its currency to fulfill world demand for these foreign exchange reserves, leading to a trade deficit. The use of a national currency, such as the U.S. dollar, as global reserve currency leads to tension between its national and global monetary policy. This is reflected in fundamental imbalances in the balance of payments on the current account, as some goals require an outflow of dollars from the United States, while others require an inflow. The Triffin dilemma is usually cited to articulate the problems with the role of the U.S. dollar as the reserve currency under the Bretton Woods system. John Maynard Keynes had anticipated this difficulty and had advocated the use of a global reserve currency called 'Bancor'. Currently, the IMF's SDRs are the closest thing to the proposed Bancor but they have not been adopted widely enough to replace the dollar as the global reserve currency. In the wake of the financial crisis of 2007–2008, the governor of the People's Bank of China named the reserve currency status of the US dollar as a contributing factor to global savings and investment imbalances that led to the crisis. As such, the Triffin Dilemma is related to the Global Savings Glut hypothesis because the dollar's reserve currency role exacerbates the U.S. current account deficit due to heightened demand for dollars." Source: https://en.m.wikipedia.org/wiki/Triffin_dilemma Bitcoin is a threat to the IMF's XDR: "LONDON, Feb 23 (Reuters) - The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as bitcoin legal tender status." Source: https://www.reuters.com/technology/imf-lays-out-crypto-action-plan-recommends-against-legal-tender-status-2023-02-24/ submitted by /u/SleepPressure [link] [comments]