Bitcoin technology is still ev

2021-09-08

Bitcoin technology is still evolving and progressing. The moment some Mathematicians come up with efficient method of mining, then the price will colapse

Cryptos Just Puked...

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tkj
2021-09-08
tkj
I thought it is the other way round? if there is an efficient way of mining, the price will jump because one reason for current resistance was the high energy needed for mining.
- EPK:
  Also, once quantum computing research took off, computing power will multiply substantially and should lower cost of mining and increase supply per my underatanding
- EPK:
  No - if there is an effIcient way of Mining/calculating, then supply of Bitcoin will increase. If Supply increase, price will drop

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The moment some Mathematicians come up with efficient method of mining, then the price will colapse","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/880656348","repostId":1148244903,"repostType":4,"repost":{"id":"1148244903","pubTimestamp":1631027025,"share":"https://www.laohu8.com/m/news/1148244903?lang=&edition=full","pubTime":"2021-09-07 23:03","market":"other","language":"en","title":"Cryptos Just Puked...","url":"https://stock-news.laohu8.com/highlight/detail?id=1148244903","media":"zerohedge","summary":"Bitcoin (and Ethereum) just took a second, larger, leg lower after ramping across the long weekend a","content":"<p>Bitcoin (and Ethereum) just took a second, larger, leg lower after ramping across the long weekend ahead ofEl Salvador's 'Bitcoin Day' legal tender rollout.</p>\n<p>Bitcoin plunged from $53k to below $49k...</p>\n<p><img src=\"https://static.tigerbbs.com/ffa53ca2dc78633e42d336039958a4be\" tg-width=\"961\" tg-height=\"514\" width=\"100%\" height=\"auto\"><i>Source: Bloomberg</i></p>\n<p>And Ethereum has tumbled back below $3500 (and was notably less bid on the El Salvador excitement)...</p>\n<p><img src=\"https://static.tigerbbs.com/ad830058c11f71829955553d50022cf5\" tg-width=\"961\" tg-height=\"527\" width=\"100%\" height=\"auto\"></p>\n<p><i>Source: Bloomberg</i></p>\n<p>Some chatter that the ETH move was triggered byshort-term rotation to Solano after NFT headlines.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cryptos Just Puked...</title>\n<style 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the long weekend ahead ofEl Salvador's 'Bitcoin Day' legal tender rollout.\nBitcoin plunged from $53k to below $49k...\n...</p>\n\n<a href=\"https://www.zerohedge.com/crypto/cryptos-just-puked?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://www.zerohedge.com/crypto/cryptos-just-puked?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148244903","content_text":"Bitcoin (and Ethereum) just took a second, larger, leg lower after ramping across the 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other way round? if there is an efficient way of mining, the price will jump because one reason for current resistance was the high energy needed for mining.","text":"I thought it is the other way round? if there is an efficient way of mining, the price will jump because one reason for current resistance was the high energy needed for mining.","html":"I thought it is the other way round? if there is an efficient way of mining, the price will jump because one reason for current resistance was the high energy needed for mining.","likeSize":0,"commentSize":2,"subComments":[{"id":5798513,"commentId":"5798513","gmtCreate":1631144512881,"gmtModify":1663233580666,"authorId":3582064943200061,"author":{"id":3582064943200061,"idStr":"3582064943200061","authorId":3582064943200061,"name":"EPK","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":880656348,"objectIdStr":"880656348","type":1,"supId":5789670,"supIdStr":"5789670","prevId":0,"prevIdStr":"0","content":"Also, once quantum computing research took off, computing power will multiply substantially and should lower cost of mining and increase supply per my underatanding","text":"Also, once quantum computing research took off, computing power will multiply substantially and should lower cost of mining and increase supply per my underatanding","html":"Also, once quantum computing research took off, computing power will multiply substantially and should lower cost of mining and increase supply per my underatanding"},{"id":5789731,"commentId":"5789731","gmtCreate":1631074795389,"gmtModify":1663233549535,"authorId":3582064943200061,"author":{"id":3582064943200061,"idStr":"3582064943200061","authorId":3582064943200061,"name":"EPK","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":880656348,"objectIdStr":"880656348","type":1,"supId":5789670,"supIdStr":"5789670","prevId":0,"prevIdStr":"0","content":"No - if there is an effIcient way of Mining/calculating, then supply of Bitcoin will increase.  If Supply increase, price will drop","text":"No - if there is an effIcient way of Mining/calculating, then supply of Bitcoin will increase.  If Supply increase, price will drop","html":"No - if there is an effIcient way of Mining/calculating, then supply of Bitcoin will increase.  If Supply increase, price will drop"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/880656348"}