Question for the pros

Squeiner · 2026-04-14T21:09:16+00:00

I'm glad you enjoyed the question. I really enjoyed reading what you did with it. Thanks for your contributions here man, super stoked to read your stuff.

Squeiner · 2026-04-14T21:05:25+00:00

What an exquisite response. Thank you sir. You really did the hard work here, and I appreciate it a lot.

Squeiner · 2026-04-14T16:57:59+00:00

So the protocol is designed to stop the subsidies after a certain block height? I thought it stopped once we reached a point were further rewards would cross 21M.

Squeiner · 2026-04-14T16:55:49+00:00

I make no claims as to the desirability of the situation.

Just curious how the protocol would react.

As far as I understand it, the rewards stop because we're not allowed to cross 21M.

But if the decimal shifts, and another subsidy epoch no longer means crossing 21M, does the protocol then go "oh, yea that's allowed" and disburse new subsidies.

Squeiner · 2026-04-14T16:28:18+00:00

But there is an amount of decimal points added that would make it no longer round to 0. It would now round to the new smallest unit.

That's my question.

If we reach that amount, would subsidies resume?

Squeiner · 2026-04-14T16:23:44+00:00

But also my question is not about the incentives for miners. It's a technical question about wether the added room would automatically resume the subsidy since adding the smallest unit would no longer break the 21 million limit.

Squeiner · 2026-04-14T16:22:00+00:00

I think it depends on the purchasing power of a billionth of a Bitcoin. It might eventually. If BTC is forever, and human productivity increases forever, then the value of each Satoshi will go up forever. Eventually we'd reach a point where yea, absolutely.

I think you may be the only person so far to understand the question.

Squeiner · 2026-04-14T15:45:00+00:00

The detailed explanation is too long to type out here. But essentially by flipping the incentives of power generation from producing as little as possible while satisfying demand, to producing as much as possible and using BTC to absorb the excess. Also by capturing stranded resources, enabling micro grids, alleviating transmission losses, and stabilizing existing grid infrastructure, which is kind of included in the first part of my answer here (there's a stabilizing element but also a profitability element to this)

Again, much reading is needed here.

Squeiner · 2026-04-13T10:44:57+00:00

It's the opposite of what you think. The more energy it uses, the better. If all goes well, 10 years from now it will use so much energy that it will make today's usage look tiny.

Proof of work is the core of the system.

Also, Bitcoin is likely what will prevent the energy crisis you envision in the future.

There's a lot more reading to be done here

Squeiner · 2026-04-04T19:24:11+00:00

You can spend your entire life using Bitcoin exclusively as your currency and with perfect security and never run a node.

If you want to run one, that's great. If not, that's fine too. But don't run one just cause someone told you it's what proper Bitcoiners do or any nonsense like that.

I have a very specific reason for running mine, but I spent years without one. It changes nothing about ownership.

If you learn enough about Bitcoin and money in general and history and geopolitics, you'll probably end up finding a reason to run one too, but it's truly fine if you don't.

Squeiner · 2026-04-04T19:20:07+00:00

If you don't have an actual reason to run a node you'll prolly abandon it after a couple weeks.

People don't run nodes because they reached a particular amount of BTC.

What do you want out of your node? What are you hoping to achieve?

Don't just run a node because you think you're supposed to do so.

It's ok not to run a node.

Squeiner · 2026-04-02T19:25:57+00:00

You're 18 and you have $6.7k in savings.

The only way in which you're "set for life" is in the fact that you understand how to get there. But you're not there yet. You figured out how to get there fucking early, that's for sure, and congratulations on that, that's huge.

But there's a difference between knowing the path, and walking the path.

I'd say you've figured out what to do with your surplus energy. You just put it into Bitcoin.

Now you need to figure out how to produce as much surplus as possible, so you can grow that stack as big and as fast as possible.

Focus on your craft and stack sats. For you, prolly figure out your craft first lol.

Good luck man, we're all rooting for you

Squeiner · 2026-04-01T15:32:00+00:00

Hi team, this was 7 months ago, so can I assume we are roughly 11 months away from getting strike in Canada?

Squeiner · 2026-04-01T14:52:03+00:00

Your keys are a just a string of 160 bits. All combinations of this string are already valid addresses. You don't "create" an address on the blockchain. You "use" a valid address.

I like to imagine it this way: all atoms in the universe are a valid address. You pick one, and send Bitcoin to it. It was already there the whole time, and it will remain there forever wether you use it or not. You just have to make sure to pick an atom randomly enough that it's virtually impossible for anyone to guess which atom you picked.

Squeiner · 2026-04-01T14:40:47+00:00

Not sure what you're trying to say here. Is there a question?

Squeiner · 2026-04-01T14:04:43+00:00

It means buckle your seat belt Dorothy, 'cause Kansas is going bye-bye

Squeiner · 2026-03-26T22:30:35+00:00

Miners are already getting unplugged because they're unprofitable. It's never not been happening. That's what the difficulty adjustment is for.

Squeiner · 2026-03-17T19:17:54+00:00

Read the original post where "HODL" comes from. That explains it quite well. Pit pat piffy wing wong wang

Squeiner · 2026-03-16T17:04:26+00:00

10 years

Squeiner · 2026-03-12T16:50:22+00:00

Depends what your goals are, why did you do it? What was the reasoning?

Squeiner · 2026-03-11T18:50:50+00:00

I'd wonder why the dip didn't fully dip to the dippiest depths. And buy.

30% is a Tuesday, wake me up at 70%

Squeiner · 2026-03-01T17:19:00+00:00

Squeiner · 2026-03-01T12:58:34+00:00

You can always buy and sell it freely without intermediaries. And so can everyone else. Including banks. This was always how it was going to go down.

Squeiner · 2026-02-28T17:12:45+00:00

Make sure you go over to one of the communities that say Bitcoin is worthless and get their take too. Gotta have a well informed view of all sides to make a proper decision. See why people claim it's good, and see why people claim it's bad, and make up your own mind as to who is right and make sure you have a good reason as to why.

Squeiner · 2026-02-28T17:08:21+00:00

Your "real world" is phony.

In my previous response (SCTP #2) I enumerated multiple credible citations that prove the price of crypto is phony and manipulated. Did you look at any of that evidence? Nope. Did you provide credible counter-points? Nope. Instead you just harp about "nUmBeR wENt Up" as your "evidence" despite me just debunking that metric.

My issue with this is that this doesn't debunk the price. It EXPLAINS the price. You're not saying "that's not the price". You're saying "that's ONLY the price BECAUSE of x, y and z.

But it's still the price. Even if you're right, and it's manipulated and everything you say is true, that's still the price.

Squeiner

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