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a combination of gov bans and price collapse is exactly what bitcoin needs to get rid of fiat maxis ;)

You'd fit amazingly well in our irregular OG meetups where this recurringly is the solution dreamed about even before the wine/rum/beer bottles are opened. We're all jaded tho, so I am not sure that this is an actual compliment lol

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70 sats \ 2 replies \ @Lux 18 Apr

you say jaded I say frustrations valve :)

invite accepted

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I would love to come to that meetup where you go :)

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91 sats \ 0 replies \ @Lux 18 Apr

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There are times when I really do believe this, but I'm curious how such a thing would play out: price (in $ terms) would surely drop, which means a lot of miners would bail and pivot to AI. I don't think that's a big concern, but I wonder what would happen to all their ASICs. It seems like a bad thing to have a bunch of hash power that is in the wings, just waiting for Bitcoin to be favored again to plug in.

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215 sats \ 0 replies \ @Lux 17 Apr
what would happen to all their ASICs

i will open a "recycling" venture, they will pay me to take them :)

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