⭐ Merited by kamvreto (1)
To be fair, I think Binance already supports the BTC ecosystem more than I expected. They have no obligation to do so.
They already have their own shitcoin (BNB) and yet, they support BTC by offering 0% trading fees (doesn't apply to BNB strangely enough) AND loans to struggling ASIC miners.
If you have faith that BTC will increase at least 10 times (200k USD = conservative estimation) during the next bull run (2025), then repaying those loans is a no-brainer.
Yes, it's a gamble, but more of a calculated risk I would say.
All halvings so far (2012, 2016, 2026) have spurred new ATHs like clockwork (2013, 2017, 2021). Some people think it's a coincidence. 3 times in a row, though?
Until the block subsidy becomes highly insignificant (could take decades to happen) this pattern will keep repeating like fractals do.
ps: I'm wondering how pools are going to divide 1 sat to multiple miners during 2136-2140.
It's literally impossible with the vanilla BTC protocol, unless they use extra subdivisions/decimals like LN already does.
They already have their own shitcoin (BNB) and yet, they support BTC by offering 0% trading fees (doesn't apply to BNB strangely enough) AND loans to struggling ASIC miners.
If you have faith that BTC will increase at least 10 times (200k USD = conservative estimation) during the next bull run (2025), then repaying those loans is a no-brainer.
Yes, it's a gamble, but more of a calculated risk I would say.
All halvings so far (2012, 2016, 2026) have spurred new ATHs like clockwork (2013, 2017, 2021). Some people think it's a coincidence. 3 times in a row, though?
Until the block subsidy becomes highly insignificant (could take decades to happen) this pattern will keep repeating like fractals do.
ps: I'm wondering how pools are going to divide 1 sat to multiple miners during 2136-2140.
It's literally impossible with the vanilla BTC protocol, unless they use extra subdivisions/decimals like LN already does.