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A solo miner just mined a block worth 3.275 #Bitcoin worth $199,098. LEGEND š¤Æ
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Why Laszlo Hanyecz Is A #Bitcoin Legend Mined 80,000 BTC when it was under $0.01 Spent $2.4 billion on pizza A Mac programmer from Florida, Laszlo Hanyecz discovered #Bitcoin in April 2010 when it was less than $0.01. His goal was to help more people run the software. Back then, $BTC only ran on Windows. Laszlo quickly translated Satoshiās code for MacOS. He wrote software users began running within a week. Hereās the computer he wrote it on: an iBook G4 š² Laszlo quickly became one of Satoshiās most trusted contributors Hereās Satoshi and Laszlo discussing what gives BTC value and the mechanics of how payments work š Laszlo and Satoshi also discussed #Bitcoinās future design Hereās Laszlo pushing back against those who already didnāt think the network could scale š Laszlo was one of the first 5 developers to work on #Bitcoin. Hereās Satoshi crediting him for his work helping to test and review the 3rd version of the software in history š Laszlo wasn't just a coder though. He was the 1st user to mine with powerful GPUs He took computer hardware specialized for video games and quickly boosted the networkās hashpower š„ Laszloās mined 35,000+ BTC in just the first 2 months He was making 700+ BTC a day His wallet balance grew to over 80,000 #Bitcoin š¤Æ Satoshi didn't like what he saw In fact, he wrote an email to Laszlo asking him to reconsider how he was mining. He wanted to keep it easy for "100% of people" to earn Bitcoin š¤ Rather than quit mining, Laszlo decided to give back to Bitcoin. In fact, he dusted off one of Satoshiās own ideas ā taking an example from the official Bitcoin FAQ. So, on May 18, 2010, Lazlo went on to the Bitcoin offered to send 10,000 $BTC to anyone who would buy him dinner. 10,000 BTC was worth just ~$41 š¤Æ
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Inflation pales in comparison to Bitcoin's growth, which is why we can use any currency or gold as a point of reference. But letās be clear: gold is still part of the fiat system. These assets are always traded back into USD, much like translating from one language to anotherāthe meaning remains the same. We should aim for minimal inflation, not the total collapse of the financial world. The way we move away from fiat isn't through a catastrophic event but through a gradual, sustained shiftāa death by a thousand cuts. A total collapse would only bring chaos, death, and poverty. In such a scenario, Bitcoin wouldnāt be our savior, as it relies on stability and functioning infrastructures to exist and thrive. I'm tired of the doomer mentality prevalent among many Bitcoiners. Iām not sure where this mindset originated, but itās based on a bleak, end-of-the-world fantasy that has nothing to do with Bitcoin. To each their own, but I strongly reject that worldview. Bitcoin represents progress, not destruction. What are your thoughts on this perspective? Letās discuss in the comments! š¬š #Bitcoin #Inflation #FinancialStability #CryptoCommunity #PositiveEnergy
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the life of a trader š¤£
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Are you mentally prepared for 8 years of Kamala Harris as president, with Gary Gensler heading the SEC, Elizabeth Warrenās anti-crypto army as the de facto policy, and a witch hunt on Bitcoin companies & open-source projects worldwide? Privacy coins were created for times like these. Just saying š¤·š»āāļø #Bitcoin #PrivacyCoins #CryptoResistance #PoliticalUncertainty
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