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Akash Kumar Jha
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"Bitcoin will never work. Bitcoin is going to fail" It's the same FUD every time. Except Bitcoin can't fail because it didn't promise us anything to begin with. The threat is always to people, and the threat is to people themselves. Bitcoin is just a measuring stick for value. The same way we measure distance in kilometers and miles. But how do we measure money and value? There is no way. People think we can measure in fiat terms but that's an illusion because everything is always fluctuating against everything else in the fiat world. So you can't tell if something is worth its true value at any given point in time. It's like hundreds of rubber rulers all stretching at different points trying to measure each other. We can only measure money in Bitcoin because it's this absolute finite instrument, this 21-million-unit ruler that can measure everything. It's just a ruler that doesn't move. And it happens to be digital. And then we can have bearer parts of this ruler and therefore we can use it as money. But all it is a ruler. So it can't fail. You can ban the ruler, but then someone will just have to use a rubber ruler in whatever country they're in. Because BTC is digital, you can't shut off access to that without shutting off access to the internet since it is just information. So Bitcoin is an immutable ruler that is in your head. And when it comes to cracking down on it, you can only really crack down on the people. Ban them, throw them in jail for thinking about the ruler. But dystopia is always gonna be dystopian, so that can always happen. We've seen country-level attacks (China) on banning Bitcoin mining, but that only hurts the miners in that country, but not the Bitcoin Network. It benefits the other people that are not getting cracked down on. Bitcoin is unstoppable. Buy as much of this ruler while the price is still cheap. #BitcoinHalvingDrama #BitcoinTrends" #BullorBear #BitcoinHalvingMassiveEvent #bitcoin

"Bitcoin will never work. Bitcoin is going to fail"

It's the same FUD every time.

Except Bitcoin can't fail because it didn't promise us anything to begin with.

The threat is always to people, and the threat is to people themselves.

Bitcoin is just a measuring stick for value.

The same way we measure distance in kilometers and miles. But how do we measure money and value?

There is no way.

People think we can measure in fiat terms but that's an illusion because everything is always fluctuating against everything else in the fiat world.

So you can't tell if something is worth its true value at any given point in time.

It's like hundreds of rubber rulers all stretching at different points trying to measure each other.

We can only measure money in Bitcoin because it's this absolute finite instrument, this 21-million-unit ruler that can measure everything.

It's just a ruler that doesn't move. And it happens to be digital. And then we can have bearer parts of this ruler and therefore we can use it as money.

But all it is a ruler. So it can't fail. You can ban the ruler, but then someone will just have to use a rubber ruler in whatever country they're in.

Because BTC is digital, you can't shut off access to that without shutting off access to the internet since it is just information.

So Bitcoin is an immutable ruler that is in your head. And when it comes to cracking down on it, you can only really crack down on the people.

Ban them, throw them in jail for thinking about the ruler. But dystopia is always gonna be dystopian, so that can always happen.

We've seen country-level attacks (China) on banning Bitcoin mining, but that only hurts the miners in that country, but not the Bitcoin Network.

It benefits the other people that are not getting cracked down on.

Bitcoin is unstoppable. Buy as much of this ruler while the price is still cheap.

#BitcoinHalvingDrama #BitcoinTrends" #BullorBear #BitcoinHalvingMassiveEvent #bitcoin

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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𝐓𝐡𝐞 𝐜𝐥𝐨𝐜𝐤'𝐬 𝐭𝐢𝐜𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐡𝐚𝐥𝐯𝐢𝐧𝐠, 𝐚𝐧𝐝 𝐬𝐨𝐦𝐞 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐢𝐭 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐜𝐚𝐭𝐚𝐬𝐭𝐫𝐨𝐩𝐡𝐢𝐜. Some predict disaster, while others anticipate no issues at all. 𝐖𝐡𝐚𝐭'𝐬 𝐭𝐡𝐞 𝐫𝐞𝐚𝐥 𝐝𝐞𝐚𝐥? The worry is this: When block rewards get slashed in half, miners might leave the Bitcoin network to start mining a more profitable coin, leading to decreased security. However, bitcoin has a built-in protection system against this very issue—difficulty adjustments. Simply put, these adjustments ensure mining profitability inversely correlates with miner participation. Fewer miners in the game mean higher profits for those who stay, and as more join, the rewards diminish. Thus, if miner numbers drop sharply, a surge in profitability encourages them to reboot their operations. 𝐓𝐡𝐢𝐬 𝐬𝐲𝐬𝐭𝐞𝐦 𝐢𝐬 𝐢𝐧 𝐩𝐥𝐚𝐜𝐞 𝐭𝐨 𝐤𝐞𝐞𝐩 𝐭𝐡𝐞 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐧𝐞𝐭𝐰𝐨𝐫𝐤 𝐬𝐚𝐟𝐞 𝐚𝐧𝐝 𝐛𝐚𝐥𝐚𝐧𝐜𝐞𝐝 𝐚𝐭 𝐚𝐥𝐥 𝐭𝐢𝐦𝐞𝐬. So, is the halving going to undermine Bitcoin's security? Considering past halvings never led to any disruptions, coupled with difficulty adjustment consistently being able to maintain balance, I’d say that Bitcoin is well-equipped to handle halvings without security issues. Personally, I remain unworried and optimistic. What are your thoughts on this? #HalvingCylces #HalvingEffect #HalvingMonth
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