2024-09-01T17:23:44Z https://nostr.now Jibe ho! https://nostr.now/npub1kcg0rqj9p2xjvkwtzcxm72n78rvugx5zywqnmzy9rxakz3mc0k5sdfv98a https://upload.wikimedia.org/wikipedia/commons/c/c2/Red_Sunset_%26_Sailboat.JPG https://upload.wikimedia.org/wikipedia/commons/c/c2/Red_Sunset_%26_Sailboat.JPG https://nostr.now/nevent1qqsp3cc68tv63h2ssftlw65l7h4dvt0uu5z9ynu7x6263kygxergevqzyzmppuvzg59g6fjeevtqm0e20cudn3q6sg3cz0vgs5vmkc280p76jg29qlf In reply to <a href='/nevent1qqswmpgha0er4jzanq09ukjv6vnq96peuwcsnm3v944kuts9cl5c6lcfavhm9'>nevent1q…vhm9</a><br/>_________________________<br/><br/>Thank you for the description. But I don’t particularly like the auction analogy. <br/>Sometimes the lowest bidder wins. It’s probably closer to buying lottery tickets—more tickets = more chances, but all you need is 1 chance to win.<br/><br/>At any rate, I think the notion of collaboratively mining or searching for the block makes good sense to me. 2025-02-10T11:17:14Z https://nostr.now/nevent1qqspsmxx9e7cexg2xfpuxs6c2n2jwkn24mun3jm5ffd49q37k860u4gzyzmppuvzg59g6fjeevtqm0e20cudn3q6sg3cz0vgs5vmkc280p76jfzuc66 In reply to <a href='/nevent1qqsr3u80wadrktyl9xjtyu0d4nnf5evnheu5uel5dyc8u8cfs0h6juqmeyyhy'>nevent1q…yyhy</a><br/>_________________________<br/><br/>Why do you think Coinbase is creating paper Bitcoin? It seems more likely to me that the early distribution/accumulation of Bitcoin is very concentrated in the hands wales <br/><br/>It will take a long time to reach equilibrium, possibly generations 2025-02-03T13:28:16Z https://nostr.now/nevent1qqsyl9fsqxxe7nejc0kw9krycshsfp4nfyyg7tvaf60pwd32sn06algzyzmppuvzg59g6fjeevtqm0e20cudn3q6sg3cz0vgs5vmkc280p76j66nyyg In reply to <a href='/nevent1qqs97f3d5qyesfypuhcav7hjdtzuy8yq579znqet4gkuvr9g0xeetsq5s3zmv'>nevent1q…3zmv</a><br/>_________________________<br/><br/>If we were moving from an unregulated environment to a regulated one I could see your point. But we are just swapping one set of rules for another. This has been the state of things pretty much forever. 2025-02-02T21:08:41Z