Former Meta engineer points out that Bitcoin has two time bombs 😳
・Quantum computer problem
・Future fee revenue
Both have been discussed topics for a while 🤔
But Bitcoin has been around for over 16 years
and, despite being declared dead many times…
it has overcome them ⚡
Just because there are problems
doesn't mean they can't be solved
Honestly, no one knows the future 😇
What does everyone think?
#Bitcoin $BTC #HODL
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🔥FORMER META ENGINEER: BITCOIN HAS TWO TICKING TIME BOMBS
He says quantum computers could one day break Bitcoin wallet security, with no cohesive plan to migrate the network.
The second: 95% of all Bitcoin is already minted and the fee economy that was supposed to replace block rewards never materialized. "A slow death spiral could trigger."
Bitcoin is the worst coin, how the fuck is this piece of shit worth $2 Trillion dollars
Sent $320 and shit is still pending nearly two hours later
Monero is instant at 0 confs and wouldve been spendable after 20 minutes
Short this shitcoin to 0, $XMR is destined to flip! https://t.co/4Q164XZqis
The reason that I'm thinking that the area at $82,000+ is an important point for #Bitcoin is due to the fact that this area has always been a resistance.
In every previous cycle, Bitcoin makes a first run out of the bear market towards the 50-Week MA.
Then, it stalls and corrects, before the markets continue to expand.
Essentially, in those cycles, the 21-MA becomes support.
The coming period we'll start to see what happens, however:
- Breaking 21-Week MA = indication that we're going to see continuation towards the 50-Week MA.
- Breaking 21-Week MA = end of bear market.
Target zone: 50-Week MA and then a consolidation before it continues towards a new ATH.
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Probabilistic Price Forecast (Next 24 Hours)This prediction is an experimental technical product and is provided for reference purposes only. It does not constitute investment advice. Unexpected real-world events may significantly impact market behavior. Traders should make decisions with caution.
How Many Bitcoins Are There?
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What Is Bitcoin Mining?
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
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