Crazy fast money.
Hit up @SALTLending for a loan yesterday, the day after Xmas and the USDC already hit my CB account.
@saylor I'm coming for more $MSTR
5/ The result? A decentralized network with trustless security from day one. Satoshi sacrificed their own reward to ensure Bitcoin was truly for the people. š„ #Bitcoin
4/ But Satoshiās mined coins were never meant to circulate. By never spending or moving them, they effectively became burned, reducing circulating supply while securing the network.
3/ By mining consistently in Bitcoinās early days, Satoshi raised the difficulty level, making it impractical for malicious actors to dominate or rewrite the chain once others joined.
2/ In Bitcoinās infancy, low network hashpower made it vulnerable. Without Satoshi mining, an attacker could've easily 51%-attacked or invalidated the network before it gained trust.
1/ Satoshi mined ~1.1M BTC to bootstrap Bitcoin's security, not to spend. These coins acted as a burn wallet, ensuring early adoption couldnāt be dominated by bad actors. Hereās why š
#BITCOIN 'ers don't get fudded. MtGox is *not* moving 150k BTC to creditors at this time. The letter was a heads up that they plan to plan on a plan (to distribute)
"Ravencoin is pioneering the cryptospace through hard work and long-term development ā-ā we're now working hard alongside them to bring added utility and an entire world of assets to DeFi."
-Sean Qian
OpenDAO Cofounder
Learn More, Earn Moreš
medium.com/opendao/ravencoinā¦