“The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.”
―
―
“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.”
―
―
“As computers get faster and the total computing proof-of-worker applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant. Thus, it is known in advance how many new bitcoins will be created every year in the future.”
―
―
“The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power.”
― The White Paper
― The White Paper
“La red es robusta en su simplicidad no estructurada.”
― MANIFIESTO BITCOIN
― MANIFIESTO BITCOIN
Goodreads Librarians Group
— 312761 members
— last activity 1 minute ago
Goodreads Librarians are volunteers who help ensure the accuracy of information about books and authors in the Goodreads' catalog. The Goodreads Libra ...more
Stefano’s 2025 Year in Books
Take a look at Stefano’s Year in Books, including some fun facts about their reading.
More friends…
Favorite Genres
Polls voted on by Stefano
Lists liked by Stefano



























