Wednesday, December 25, 2024

You Have $100 Million in 2000—Save the World by Destroying Bitcoin’s Future. What’s Your Plan?

Let's say that you are handed $100 million and transported back to the year 2000. Your mission is to prevent Bitcoin from ever breaking the $1,000 mark before the year 2024. If the price of Bitcoin even briefly exceeds $1,000, it triggers the end of the world. What strategy would you devise to stop this cataclysmic event? Some notes.

1) Bitcoin was launched in 2009.

2) Bitcoin's current price is close to $100,000.

3) Bitcoin first crossed the $1000 mark in late November 2013.

4) 100 million dollars is given to you and you can use it any way you want. But the idea is that this will be your seed money to provide yourself with enough power to accomplish your mission.

5) You are headed back to 2000 to give yourself enough time.


You can relive your life with 3 lessons from your current one

You will restart your life, born as a baby, but will be able to carry over 3 lessons you have learned due to events happened to you in your current life, that you currently live by. The lessons become part of your core personality, and you will try your best to live by those lessons as best as you are able for the rest of your new life. Events un your new life will play out the same as in your old life except for changes caused by your actions caused by the change in your core personality.

The lessons have to be of a general nature and you dont retain any knowledge of events, so "buy bitcoin" wont be able to be one of the lessons, but "invest in new technology" would be.

Likewise "dont take back doris since she will cheat on you again" is not a lesson allowed, but "Dont forgive a cheater" would be allowed.

What 3 lessons do you choose to experience a better life?


Today's Top #1: Bitcoin miners struggle despite BTC’s 130% surge in 2024

tldr; Bitcoin surged over 130% in 2024, but most mining companies' stocks ended the year negatively due to rising operational costs, increased mining difficulty, and reduced block rewards from the halving event. Only 7 of 25 publicly listed Bitcoin mining firms delivered positive returns, with Core Scientific leading the gainers. The April halving event cut block rewards, significantly reducing miners' revenues. Mining difficulty rose by 50.7%, and operational costs increased, prompting many companies to raise over $2.2 billion through stock offerings for financial relief.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

https://www.reddit.com/r/CryptoCurrency/comments/1hlxp2n/bitcoin_miners_struggle_despite_btcs_130_surge_in/