Deep State is Threatened by Crypto
(twitter.com)
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Oh look another crypto "expert".
Sir wtf are you talking about. Bitcoin is not owned by any central entity, and the creator "Satoshi Nakamoto" is anonymous and to this day no one knows who he is. Though his name would imply he is Japanese, people have speculated it was a group of people or even the CIA that created Bitcoin but no one knows. BTC is decentralized, and China just recently banned BTC miners from their country, and are enacting even more crypto regulation to soon ban it from their country entirely (what a surprise, they'll come out with their own cryptocurrency that the Chinese people use and it'll be controlled by the Chinese Government... look up CBDCs). There are thousands of nodes, if someone dropped a nuclear bomb in Europe, Russia and China BTC would still exist due to its decentralized nature (miners located all across the world).
How on earth did you spend 100k on mining equipment and not factor in electricity cost in your budget? Mining is becoming more obsolete as time progresses though, there are plenty of crypto currencies offering 10% APY just for holding and staking their coin on their respective networks, such as LUNA, ONE, ADA, and soon ETH.
You fucked up. I’m making thousands a month mining ETH still. Did you buy 100k worth of btc asics or what?
I have a dell computer right now that I can turn off and crypto is still making me money sir. Almost no electricity required except turning my computer on to check how much I’ve made lol. I could buy a $500 laptop and make great money from crypto. Mining is becoming obsolete. Proof of Work is being phased out, Proof of Stake is already in effect with most blockchains out there. Bitcoin will continue to be mined until all 21 million BTC have been minted. Until then, private companies are indeed buying up the supply, but there are no two “Chinese companies” that own a majority of BTC. one, a Chinese company holds the most Bitcoin out of any private company, but it holds only 140k BTC out of the 18 million circulating. Binance holds the most BTC in cold storage, they hold over 200k BTC. ETFs, more notably Grayscale Bitcoin Trust holds over 650k BTC. More ETFs will be approved maybe even this month and the supply will diversify even more. Show me evidence of these two companies that hold a majority of BTC. It is all on a public ledger. Until then your spouting non sense that you probably read on Yahoo Finance two years ago when China controlled over 50% of bitcoin mining. China banned BTC. They banned mining. Why? Because they copied the tech, made it, and are banning all use of any crypto in China so you have no choice but to use their new digital currency they’re releasing (what a shocker, they copied Google, YouTube and Twitter over there and banned use of those platforms). If you don’t hold a BTC or aren’t in any form of crypto ser, ngmi.