people who have the money to spend a little more upfront often end up spending less in the long run. A €50 pair of boots that last five years essentially cost you €10 a year. But if you can only afford €10 upfront for a pair of boots that last six months, that's what you buy—and you end up paying twice as much over a five-year period.
There are so many areas in which this principle applies when you're poor. Buying in bulk saves you money over the long run, but you have to be able to afford the bulk cost up front. A reliable car that doesn't require regular repairs will cost more than a beater, but if the beater is all you can afford, that's what you're stuck with. You'll likely spend the same or more over time than if you'd bought a newer/higher quality car, but without the capital (or the credit rating) to begin with, you don't have much choice.
Messaging app Signal's founder and Chief Executive Officer Moxie Marlinspike will step down and WhatsApp co-founder Brian Acton will take over as the interim CEO, Marlinspike said in a blog post on January 10.
Bitcoin mining is the process of updating the ledger with the most recent block of transactions. All of the “miners” are competing to update the ledger, and whoever wins the competition, updates the ledger and gets the mining reward, which right now, is 6.25 bitcoin.
A block of transactions is mined every 10 minutes (roughly), so that means every 10 minutes, 6.25 bitcoin is entered into the circulating supply. This mining reward is reduced by 50% roughly every 4 years. The mining reward in 2009 was 50 BTC, then in 2013 it was 25 BTC, then in 2017 it was 12.5 BTC, and now it is 6.25 BTC, it will continue to halve until there’s nothing left to mine.
There are some occasions where you may want to delete your instagram account for instance, if you are being harassed online or you’re seeing too many ads but deleting the account permanently is too drastic.
There’re many reasons to delete your instagram account it could be negatively impacting your mental health, maybe it’s the general disregard the CEO has for privacy, the fact they don’t actually delete your messages or posts after you delete them or maybe it’s the fact they add your photos and videos to their biometric database.
There is a network of ~61k full nodes (computers) that enforce the consensus rules of Bitcoin. Most these nodes are not controlled by miners.
When a miner solves a special puzzle that all the full nodes enforce they get rewarded in (inflation + transaction fees) for their efforts.
The Bitcoin code that enforces the rules insures that these miners cannot produce much more bitcoin ahead of schedule because of the “difficulty algorithm” which dynamically adjusts both ways making it harder to solve the right puzzle or easier to solve it depending upon how much mining was done during the previous 2016 blocks (~2 weeks) to insure that a predictable and controlled amount of bitcoin are created
Another analogy is this – The judges that control the rules of the game are the full nodes , there is a single trophy(block reward) for those who win every ~10 minutes the game , and anyone can compete in the game but the more players that decide to join doesn't create more trophies to win but simply makes it harder automatically due to more competition for that trophy.
Today marks 13 Years since the publication of the Bitcoin white paper. In that time it has earned a market capital of over a trillion pounds, it has caused controversy worldwide, it has been banned in China multiple times, liberated people in financially abusive relationships, and it has banked the unbanked.
