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17006676 No.17006676 [Reply] [Original]

Oh shit bros

>> No.17006682
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17006682

>>17006676
Wouldn't less mining mean less supply trickling in? Is this not a good thing?

>> No.17006691

>>17006676
Why do corecucks ignore how centralized BTC is around China? Any of you dumb fucks read the Art of War?

>> No.17006692

I'm pretty sure China isn't gonna lose power. Commies can force workers to keep the lights on. Bitcoin mining doesn't seem so labor intensive that they could work with less staff and or quarantine themselves effectively

>> No.17006695

>>17006676
You are truly retarded, Joe.

>> No.17006698

>>17006676
No one sells Bitcoin any more. We bull now until June 2021.

>> No.17006704

>>17006682
less mining would slow blocks down for a 2 week period leaning less supply but also less security after the difficulty adjustment
>>17006691
tell me that time chinese miners tried to influenced bitcoin's protocol

>> No.17006709

>>17006682
miners no longer have source of income, stuff still needs to be paid for, they start selling off holdings. although the reduced selling pressure may counteract that, idk.

>> No.17006721

>>17006692
Depends on how much good you is at counting dog foods I suppose

>> No.17006722

>>17006704
Ever heard of Jihan Wu? The individual miners themselves are irrelevant anyway, Xi has supreme authority over everything.

>> No.17007023

>>17006682
No not really, since these chinks hold a lot of supply and would need to start selling if they can’t produce anymore. Their holdings are far larger than their production

>> No.17007034
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17007034

>>17006682
the only thing trickling right now is your fucking brain m8

>> No.17007048

>>17006704
>>tell me that time chinese miners tried to influenced bitcoin's protocol

>what is the hong kong agreement
https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff

>> No.17007055

>>17007048
yeah S2X and that failed

>> No.17007071

>>17006676
bullish

>> No.17007073

>>17006676

>miners in china die, they lose access to their stock of btc, leading to slightly less supply. this is good for bitcoin
>mining difficulty adjusts downwards, making it easier for miners outside of china to profit
>less centralization around chinese miners
>blocks continue to be mined every ~10 minutes

i fail to see the problem here?

>> No.17007084

>>17006682
the mining difficult is adjusted

>> No.17007087

>>17007073
Plus nature naturally culls off Chinese and all the cage doggies and koalas that they eat can finally be free

>> No.17007202

>>17006698
This dormant btc rising

>> No.17007226

>>17006676
Mining doesn’t require manual Labour you fucking mongoloid

>> No.17007231

>>17007226
It requires oversight. It requires electrical power, which also requires oversight. Do you think you just press a button and everything works as intended?

>> No.17007284

>>17007048
HAHA AND THEY GOT BTFO SO FUCKING HARD
MY SIDES
BUY BTAX AMARIGHT BROS HAIL CHINA

>> No.17007288

seems bullish if you ask me

>> No.17007302

>>17006682
>this level of mental gymnastics

>> No.17007328

>>17007231
You just ssh into your control node, why would you need to be present?

>> No.17007342

>>17007328
Over many weeks you still have to check it in case anything goes wrong or shuts off, what’s so hard to understand about this? Same goes for electricty production, there are plant workers that maintain and fix stuff constantly

>> No.17007421

>>17007087
Not if they die before opening the cages

>> No.17007458

when will you cringelords finally realise that it's over. Crypto is done. Normies don't care. There will never be a great crypto revival

>> No.17007576

>>17007342
>he doesnt know that you can boot modern x86 computers from the network.

>> No.17007959

>>17007576
Retard.

>> No.17008162

>>17006691
nobody cares lol
they're dependent on bitcoin, not the other way around
they use bitcoin to avoid the government currency control

>> No.17008742

>>17006676
So what?

Fuck does that have to do with BTC’s price dropping? Muh narrative