JustAnotherPat

I guess he might still be facing jail time or threats from the the community, so he has to put on some type of sympathetic face.

Incredibly sad that this is what the internet has been reduced to. It's not the internet that's boring; it's your vapid social circle!

Maybe these people who haven't found work just don't want to make $15 an hr working as a store clerk.

I don't understand this whole idea that we're 'normalizing' immoral actions. Never in our history have they not been normal.

My point is that that is not how it will work out. As the article points out, people were still mining when bitcoin dropped to $200 even though it was unprofitable. Because they were still mining even though it was unprofitable, they kept the dynamic difficulty high enough that mining remained unprofitable. Why? Because they had the infrastructure and it is easy enough to keep on mining until you are completely bankrupt. You don't quit mining just to make it profitable again for somebody else, so you hope that you can outlast them. That is the tragedy of the commons and it seems inevitable as people spend more and more money on infrastructure investment.

The problem is anecdotally outlined in the article. People are willing to mine bitcoin at a loss if need be and that makes mining rough for everybody because of the increased difficulty.

The problem is it's too easy to mine bitcoin. As the article points out, all you really need is somebody to keep an eye on the servers. People will push it to the edge, at which point, a tragedy of the commons will ruin it for everybody.

The only hope is for bitcoin prices to increase exponentially for all of eternity.

>"This exemption protects from disclosure records compiled for law enforcement purposes, the release of which could reasonably be expected to interfere with enforcement activities. Since Exemption 7(A) protects the records from disclosure, we have not determined if other exemptions apply. Therefore, we reserve the right to assert other exemptions when Exemption 7(A) no longer applies,"

>* Coinbase Index Fund will invest in assets in proportion to their relative market capitalizations and rebalance annually on January 1st. This strategy will track Coinbase Index (Fixed Supply) - a modified version of Coinbase Index which is adjusted to remove the effect of supply increases, so that it can be tracked by investors. For more information, see Section 6 of the Methodology and Construction.

So if you invest in this, you're basically making a bet that 'the flippening' will not occur because you would lose bigly relative to the market if bitcoin tanked since they don't rebalance for a year (which is forever in crypto).

This thing is rebalanced only once a year. Would take 5 minutes to actually duplicate this fund since it's only 4 coins....