SoftestSapphic@lemmy.world to 196@lemmy.world · 12 days agoPuritanical rulelemmy.worldimagemessage-square93linkfedilinkarrow-up1995arrow-down17
arrow-up1988arrow-down1imagePuritanical rulelemmy.worldSoftestSapphic@lemmy.world to 196@lemmy.world · 12 days agomessage-square93linkfedilink
minus-squareTheReturnOfPEB@reddthat.comlinkfedilinkEnglisharrow-up2arrow-down1·edit-212 days agoSelling bitcoin requires actually bribing miners to commit the sale. They call it “paying gas” … but it is a bribe. How is a bribe in an unregulated market better ?
minus-squareHalfSalesman@lemmy.worldlinkfedilinkEnglisharrow-up4·12 days agoThat sounds more like paying them rent. Bribes pertain to paying an authority to do something illegal. Its parasitic behavior and bad. Submitting to it is a lesser evil compared to letting puritanical authoritarians dictate and censor however IMO.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·12 days agoOne of the main benefits of difficulty adjustment is that it minimizes profits.
Selling bitcoin requires actually bribing miners to commit the sale.
They call it “paying gas” … but it is a bribe. How is a bribe in an unregulated market better ?
That sounds more like paying them rent. Bribes pertain to paying an authority to do something illegal.
Its parasitic behavior and bad. Submitting to it is a lesser evil compared to letting puritanical authoritarians dictate and censor however IMO.
One of the main benefits of difficulty adjustment is that it minimizes profits.