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BCB061_HARRY SUDOCK: Bitcoin is an Energy Honeypot

Blue Collar Bitcoin

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Is the Difficulty Adjustment a Function of the Proof of Work, a Block Discovery Algorithm?

The difficulty adjustment insulates bit coin from technological deflation. The amount of electricity per terrahash goes down on the same sort of deflationry schedule that all other munosrmors moore's law, governante achieves. If we woke up to morrow and there was an energy source a thousand times more efficient than to day's energy,. That would not affect bitcoine's monetary policy.

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