Comment on Bitcoin mining is no longer profitable

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locuester@lemmy.zip ⁨2⁩ ⁨days⁩ ago

lol it can’t adjust on public approval. It’s software that runs. It’s valuable. If it wasn’t, people wouldn’t run it.

It can hard fork with a consensus mechanism change anytime someone writes one and people decide it’s the best path forward. Ethereum decided this and did this.

That’s not happening with Bitcoin because those that understand how it works agree it’s the best system to use.

I use Bitcoin as a store of value, and Solana for day to day stuff and financial investments like lending and liq providing. That’s my preference, for now. It’s a very fluid industry, nothing is set in stone, although Bitcoin appears to be pretty solidly the preferred secure store of value.

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