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[Please try not to slander and hoard cakes without thinking] 1. The statement that Bitcoin chips are concentrated is not accurate. Many wallet addresses in the top 100 are exchange addresses, and the coins inside do not belong to individuals. 2. Bitcoin mining is not a waste of resources. 3. Electricity is a resource that is very difficult to store. Before the advent of Bitcoin, many small power stations were in a state of neglect. 4. Mining is to maintain the smooth progress of the Bitcoin ledger, which is not a waste. From this point of view, traditional banks or credit card companies consume a lot of energy to operate. 5. At present, domestic mines have been cleared and are no longer as concentrated as in the early days. 6. If there are policy reasons of various countries, and there is a rebellion in the mines, Bitcoin can hard fork to avoid this situation. There is really nothing to worry about. 7. Bitcoin is already a behemoth. The more institutional funds enter and the more expensive Bitcoin becomes, the safer it becomes. 8. If you don’t understand Bitcoin, there is no need to enter this market, but try not to smear it mindlessly, because this really seems very low-level in the eyes of many people. #BTC #BBW2023

[Please try not to slander and hoard cakes without thinking]

1. The statement that Bitcoin chips are concentrated is not accurate. Many wallet addresses in the top 100 are exchange addresses, and the coins inside do not belong to individuals.

2. Bitcoin mining is not a waste of resources.

3. Electricity is a resource that is very difficult to store. Before the advent of Bitcoin, many small power stations were in a state of neglect.

4. Mining is to maintain the smooth progress of the Bitcoin ledger, which is not a waste. From this point of view, traditional banks or credit card companies consume a lot of energy to operate.

5. At present, domestic mines have been cleared and are no longer as concentrated as in the early days.

6. If there are policy reasons of various countries, and there is a rebellion in the mines, Bitcoin can hard fork to avoid this situation. There is really nothing to worry about.

7. Bitcoin is already a behemoth. The more institutional funds enter and the more expensive Bitcoin becomes, the safer it becomes.

8. If you don’t understand Bitcoin, there is no need to enter this market, but try not to smear it mindlessly, because this really seems very low-level in the eyes of many people.

#BTC #BBW2023

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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