BTC mining profitability is on an all time low. It has only…
BTC mining profitability is on an all time low.
It has only been lower in the first years when it didn't had a price.
https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html#alltime
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That is interesting. What's also interesting is this idea of putting an ETF around BTC and ETH. ETH isn't bitcoin by its very nature as proof of stake instead of proof of work. It is centrally controlled. BSV operates as cash does— only the cash must be mined instead of printed by the government. You could build an ETF around anything. Paper plates if you wanted to. All an ETF does is add another expensive layer of financiers to the handling of a transaction.
I think the government is behind all of crypto, including BSV. It would have been very easy to shut it all down, but the snakes / monsters that are pretending to be human love to pretend other things as well: they pretend to want to regulate crypto, for example. When in fact they already control it at the most minute level. This is all a scam. Just like all their other scams… dinosaurs, earth is a globe, nuclear weapons, voting, vaccines for viruses that don't exist, etc.
Also a funny coincidence: when on 24.12.2022 the price was really low and the mining profitability dropped really low as well, we had a convenient price pump.
Similar to spring 2020, when BTC was close to 3000$.
BTC in my opinion is, like you already said, manipulated.
And TPTB already control it.
And like you have already mentioned in another post if I remember right, that BSV is being mined or has been mined at a loss as well.
Which bares the question who is doing that.
Maybe TPTB as well or another "entity".
There seldom is an agonist without an antagonist.
Nobody, except for god/universe can control everything.
The main reason for the ETF is probably that the fiat money system can be used in a very direct way to make profits and maybe even manipulate the price.
Could be, that the government is behind all of crypto but I doubt it.
There has been the "how to make a mint" NSA paper.
There are many theories, can't proof nor disproof any of them.
However, I still think, that BitcoinSV is probably the most efficient network I have seen so far, which incentivices honesty as long as an economic majority has a demand for "honesty".
It is a neutral tech and the future will show if humanity adapts it and how they apply it.
It won't be perfect and maybe it is a trap, but I hope not.
In my opinion other networks like monero, firo and similar privacy coins should and probably will be available as well.
I haven't made up my mind about the other "scams" you have mentioned.
Many of them I can't proof nor disproof myself, but the official narrative is kinda weird.
I know about Galen Winsor and think that he has a point.
The voting and vaccine stuff I have lived through and experienced myself and in my opinion both makes no sense.