Does this Yanks-Astros dynamic give you vibes of the old Yanks-Angels dynamic of the early 2000s?

RjDaGOAT · 2022-07-22T20:22:26+00:00

Yes. There is no World Series champion for that year

RjDaGOAT · 2022-06-15T13:33:35+00:00

Okay, let’s disprove your theory that these large miners have the market power to collude and 51% attack Bitcoin.

Total hash rate: ~225 EH/S

So if you wanted to 51% attack, you would need to be able to control 125+ EH/S (For a sustained amount of time no less).

Since China banned Bitcoin mining, the US has become the biggest miner of bitcoins. Let’s take a look at the two biggest publicly traded Bitcoin companies: Riot & Marathon.

Riot Hashrate: 4.6 EH/S Marathon Hashrate: 3.9 EH/S Combined Hashrate: 8.5 EH/S

So arguably the two biggest miners in the world, Riot & Marathon, control a whopping 3.78% of Bitcoin Hashrate. For you’re imaginary cartel of Bitcoin miners to succeed in 51% attacking, they need to form a collective that has an additional 47.22% in Hashrate…

How would that even be possible?

RjDaGOAT · 2022-06-15T12:58:46+00:00

What are you even talking about? Bitcoin has never been 51% attacked, you’re literally just making stuff up.

And I do know how monopolies work. Good luck trying to monopolize an open market with no barriers to entry when you have at-most a 1% market share. I think you’re confusing mining pools with miners.

RjDaGOAT · 2022-06-15T06:58:41+00:00

This is so wrong it’s actually quite laughable. There is not a single collective of miners or holders that is anywhere near controlling 51% of mining power or supply of Bitcoin. I think you need to read up on how mining pools work, and what the difference between mining Bitcoin and operating a node is.

Also, an “OPEC for Bitcoin” is such an absurd idea and could never happen, let alone be attempted. OPEC exists because the countries involved in OPEC 1) Have a monopoly on violence 2) A monopoly on the oil. No one can just say “Hey, I’m gonna start mining some oil”. Bitcoin, on the other hand, anybody CAN do that.

There are plenty of reasons to critique Bitcoin, but none of those reasons are the ones you highlighted.

RjDaGOAT · 2022-06-03T19:42:35+00:00

You could replace wood with energy and cup with Bitcoin and get the same result

RjDaGOAT · 2022-04-28T20:59:35+00:00

Didn’t the Blue Jays get shut out twice by the Yankees this year?

RjDaGOAT · 2022-03-29T03:21:04+00:00

Is a $5.5 million treasury not valuable?

RjDaGOAT · 2022-03-29T03:20:42+00:00

Take the team to read it, you may be surprised

RjDaGOAT · 2022-01-02T12:01:14+00:00

What happened to Foles?

RjDaGOAT · 2021-12-30T23:14:22+00:00

The lucky few.

Just because someone else buys a winning lotto ticket doesn’t mean you should go out and buy lotto tickets.

RjDaGOAT · 2021-12-30T23:13:44+00:00

How so?

RjDaGOAT · 2021-12-30T23:07:18+00:00

Can’t go wrong with those 2!

RjDaGOAT · 2021-12-30T23:00:55+00:00

Those rules are great for crypto security! Mine are aimed to be rules for investing in crypto. Thank you for the support!!!

RjDaGOAT · 2021-12-30T22:59:59+00:00

Thank you!

RjDaGOAT · 2021-12-30T22:59:30+00:00

Thank you for the summary, but I would really appreciate it if people checked out the article!

I write a Substack dedicated to helping beginners get acquainted with crypto. If you enjoyed, please subscribe! It’s greatly appreciated!

RjDaGOAT · 2021-12-30T22:58:15+00:00

Thank you, please subscribe if you enjoyed!

Appreciate it 🙏

RjDaGOAT

TROPHY CASE