....... I have one concern and one only. The hash rate.
I didn't even pay attention to the hash rate of 2017, or 2013 for that matter, so it's difficult to make a comparison.
It currently seems to me, that the hashrate that took us from $10k to $60k, is going to be the one that takes us from $40k to whatever multiples of that - let's say $160k in all modesty.
I do not like this if it remains so, but what I do like - is the absence of spam transactions, and on-chain fees outperforming the Lightning network.
I'm fully expecting to witness a huge rise of the hashrate towards the end of the year (250+), so our new ATH is validated.
I do understand and appreciate that quite a bit of the power of bitcoin comes through the various incentives that are created through mining - but to assert that there are possible concerns with bitcoin's hashrate seems to be quite out of place.
I will admit that in May/June/July - ish when we had a lot of miners going off line, there did seem that there had been some potential for setting up some kind of a hashrate attack (and some of the concerns would have been that the Chinese had been strategically pulling hashrate and then going suddenly redeploy it), yet the longer that miners are able to move around, they are able to be prepared for that kind of potential attack - including the difficulty adjusting every two weeks, so there is a bit of a need to set up such a possibility for an attack and then wham bam deploying it, which would have to be set up again (like it was earlier in this year that made it seem feasible as something that might happen).
Sure, I am not suggesting that a mining attack could not happen, but there seems to have been either a squandering of an opportunity that would be very costly to attempt to set up again, if there had been any such aim towards attacking bitcoin through such mechanism.
Furthermore, at this time, the actual absolute hashpower of bitcoin does seem to be magnitudes above what is needed to secure the network, so I will ONLY start to believe the possibility of such an attack if the facts become part of actuality rather than some kind of seemingly fantasy conjecture that hashpower might be something to worry about, when in reality the whole hashpower and mining situation as it currently stands seems way the fuck more bullish than it does bearish in any kind of actual material and meaningful way... that's my current
quasi-layman's sense of the hashing power matter.
Bob is deleting my posts anyway so I'll just have to post whatever I might have to say on the subject here regardless.
More evidence that Bawb is a dweeb... #justsaying.
Bob is deleting my posts anyway so I'll just have to post whatever I might have to say on the subject here regardless.
I'm sorry to hear that.
Hey man. Dem's da rules.
On my ignore list, gon git deleted yo.
It's just the way it is.
I don't have time for dealing with retards on here, given what I'm dealing with in meatspace right now.
Arrie can sodomize himself with a length of wide, rusted pipe, as far as I'm concerned.
More evidence that Bawb is a dweeb...
I am going to have to stop with this posting of evidence soon, it seems overwhelming and perhaps redundantly unnecessary to keep posting such examples.