Post
Topic
Board Development & Technical Discussion
Re: Bitcoin Proof of Work Difficulty Adjustment (Retarget) history
by
Faisal2202
on 08/12/2023, 05:26:01 UTC
This is part of reasons theymos sold his bitcoins very cheap at rate around $0.003 /BTC. Legend!  Cheesy
Thanks for sharing this thread, it was helpful in a way, and you are right early adopters are really legends, I wonder if they have to mine BTC at the difficulty level of today's world, which is around 67957790298897.88 I don't really know how I should interpret this number because I am not a miner. Well, I was trying to say, if these old users have to mine BTC with current difficulty levels then they might not sell their BTC back then.

Because the less effort you will or have to make the lesser potential you will see, and vice versa. I am not saying, these early adopters were greedy and they needed money, so that's why they sold their funds because Laszlo made the first-ever transaction of BTC which is needed to start the trading of BTC. Who knows if no one makes that step, how much time will BTC take to be adopted?