$HODL releases Wheel of Fortune 🎲 - Chance to 5x tokens with every spin! Plus earn BNB passively by holding. 3 exchanges already.

$HODL has just released the HODL Wheel of Fortune. Multiply your tokens with a chance to 5x!

Also, we are currently pumping harder than a dog in heat. Go check out our graph!

$HODL is a revolutionary passive income platform - You EARN FREE BNB every day by simply holding $HODL in your wallet

💰HODL investors are earning FREE $BNB every day 💰

$HODL launched with a functioning and secure Dapp! This team over-delivers on their promises. Super active in the 22K member telegram.

Every transaction is taxed 10% and distribution happens as below:-

- 4.5% to BNB Rewards Pool

- 3.5% to Liquidity

- 2% Re-Distributed to Holders

HODL is a deflationary coin - 25% Supply burnt + 0.5% burn on every transaction.

Recent moves:

• Small investors' pool - Small investors do not have to pay transaction fees to claim daily BNB!✔️
• Listed on 3 exchanges: BKEX, Bilaxy, SafeDex. ✔️😮
• HODL influencers at Miami Bitcoin event.✔️
• Gamification being launched (wheel of fortune) ✔️
• Listed on CMC and Coingecko.✔️
• Yahoo Finance:

https://finance.yahoo.com/news/hodl-token-deflationary-community-centric-110500775.html

• Business insider: https://markets.businessinsider.com/news/stocks/hodl-token-a-deflationary-and-community-centric-system-to-generate-passive-income-1030458258
• Benzinga:

https://www.benzinga.com/pressreleases/21/05/ac21254190/hodl-token-a-deflationary-and-community-centric-system-to-generate-passive-income

Next moves:

• Rewards loyalty program being launched.
• Charity pool being adjusted to better benefit holders.
• Huge marketing budget.
• Under NDA with several large exchanges.

Features:

- Anti-Whale Mechanism

- Highly Secured

- Built for the Community

- Transaction (Sell/Buy) that trade more than 1% of the total supply will be rejected.

- Whales who make a transfer (between 2 wallets) that is larger than 1% of the total supply will be charged 1BNB which will further be donated to Charities

For more information:

Website:

https://hodltoken.net/

Twitter:

https://twitter.com/TokenHodl

Telegram:

https://t.me/hodlinvestorgroup

GitHub:

https://github.com/hodltoken

Coingecko:

https://www.coingecko.com/en/coins/hodl-token

YouTube: https://youtube.com/channel/UCl_qUWTuyGFxv3VfT8Rm86w

Reddit:

https://www.reddit.com/r/HodlToken/

Coinmarketcap: https://coinmarketcap.com/currencies/hodl/

TLDR:

HODL Token rewards you with daily BNB simply for holding! Massive moves inbound. Staggering presence with articles in Yahoo Finance and Business Insider. Constantly upgrading features from an active dev team.

Bitcoin, daily hash rate, future energy consumption and the lightning network

Dear knowledgable bitcoiners,

I love simulation modelling, and I've been playing around with a model to get a better understanding of Bitcoin and its energy consumption. Basically, I used this scientific paper as a starting point: https://arxiv.org/abs/2004.09212. I then added some small components to simulate historical energy consumption of the Bitcoin network, and compared my results to the Bitcoin Energy Consumption Index (https://digiconomist.net/bitcoin-energy-consumption).

Here are the historical simulation results (simulation starting at 9th of july 2016 and running in days):

Bitcoin Energy Consumption from 9th of july 2016 to early june 2021

I then started playing around a little. I ran a simulation going about 20 years ahead while assuming the following:- Daily number of transactions will remain constant at 250 k per day- Transaction fee per transaction remain constant at todays level (measured in BTC)- The energy efficiency of mining hardware also stays constant at todays level- The electricity prices stay constant at todays level- The price of bitcoin increases 5% per year.

This is what I got:

Bitcoin Energy Consumption from 9th of july 2016 to somewhere about june 2041

I then realized that the miners are mostly incentivized by the built-in subsidy right now. In fact, my model estimates that bitcoin miners would only consume about 15 TWH per year if it wasnt for the built-in subsidiy. Due to the halving events, the incentives for mining will go down over time following the next halving as long as the bitcoin price does not increase by more than 45% per 4-ish year period. At least according to my model...

Having realized that, I came to think about the lightning network. Someone told me that the lightning network will basically bundle a lot of transactions such that it becomes only one transaction on the network. This had me wondering, what will happen to the future hash rate if LN bundle a lot of transactions in one transaction, and the block rewards go down significantly? Won't it become much less profitable with mining? Will the network still be secure in a setting where the hash rate is very low?

All the best,
A curious mind

EDIT: Sorry about the bad image quality... I dunno how that happened...

If 20% of all BTC has been lost, that would mean that...

https://www.investopedia.com/news/20-all-btc-lost-unrecoverable-study-shows/

https://www.nytimes.com/2021/01/13/business/tens-of-billions-worth-of-bitcoin-have-been-locked-by-people-who-forgot-their-key.html

https://decrypt.co/37171/lost-bitcoin-3-7-million-bitcoin-are-probably-gone-forever

If this is true, and BTC someday becomes the world's reserve currency, replacing the 200 trillion dollars of currency in circulation around the world, that would imply that the final value of one BTC could be as much as around 10 million dollars, nominally speaking, in today's money.

Which would make each sat worth about a dime.

And of course the shrinkage, while I'm sure it's slowed dramatically as BTC has increased in value, hasn't stopped altogether. And even after it arrives at its final destination, and even if that destination is 10 million usd, it won't stop even then. Even if BTC replaces all other currency, the deflation, although slowed, will never stop.

Those are kind of sobering thoughts. And that's also assuming that its evolution from this point forward is smooth. While I'm very optimistic about BTC's ultimate success, I think a big part of that success will be surviving yet another global financial crisis, which I believe will be far worse than the first one. I believe BTC could suffer horribly in the short term during such an event, but recover dramatically when hyperinflation of fiat currencies finally sets in. I could easily see a scenario in which a global financial crash brought BTC to its knees, and cause the world to think it had failed. In such an event, we could see key loss like never before, even worse than the development phase when people took few precautions to protect them.

So ultimately it's anyone's guess how much value a single BTC could have. But it would seem that 10 million in today's dollars is a good conservative estimate, in the event that it eventually became the universal reserve for the world.

I write this as a word of encouragement, but also as one of warning. Along with the standard advice of not investing more than you're willing to lose, I would add to that, if such a time comes when people think BTC is dead, that may be your signal to guard those keys more tightly than ever before. Even if it returns to .10 per BTC, you continue to protect that BTC as if it were worth 10 million, because if hyperinflation kicks in, it could literally go from .10 to 10 million dollars in only a few short months.