covid 2020 caused alot of issues for truckers, many stayed home
also many people moved homes to different area's(less covid restricted area's) so needed more removal trucks
... so more truckers were recruited and trained

2021 saw more truckers, but a lessening of demand as the older truckers came out from covid stimulus pay offs to stay home and were met with the extra new recruit truckers

2022 saw fuel prices go up do goods were transported by rail instead of trucks
inflation saw truckers try to  demand more wage.
less people buying homes/moving homes

net result less truckers/trucks on the roads, more air/rail goods deliveries

meaning too many truckers and not enough delivery demand

..
in a few years we will see trucks doing static routes(one depot to another depot on a straight highway journey A-B) go driverless, but until then the rail system will take most of the shipping container deliveries between counties/states

oeleo
you really need to try one day to apply math., logic. code and data..

your silly narrative always lacks this

so i set you the challenge too

go look at block data of say the 2009-2012 first 210k blocks

actually look at the coinbase value at data level
note:
bin:100101010000001011111001000000000
hex:12A05F200
dec:5000000000

now. try to change these so that you get your "extra decimals"
oh wait you cant. they are in a immutible blockchain..

now lets pretend at the 2024 halving code rules changed where the block reward was no longer
(GUI view) 3.1250000
but instead
(GUI view) 3.1250000000
which would result at data level of being
a change of
bin:10010101000000101111100100000
hex:12A05F20
dec:312500000
but instead
bin: 100100011000010011100111001010100000000
hex: 48C2739500
dec: 312500000000

and see the results when you play it forward of how many shareable units there and how it has diluted the 2009-2012 first 210k block value of 10.5m to being considered as 105,000 "new bitcoin" mined in 2009-2012

and then i want you to work out how many halvings are then occuring compared to the hard rules invented in 2009.

and then i want you to count up how many shareable units will be created in total,

..
yes im calling you out to apply some math, logic and understanding. to actually look outside your dream box of GUI displays of "it doesnt matter" and look at the real impact at code and data level of REAL data and shareable units and change of the infamous "21m supply"

goodluck

dont reply with ignorance arrogance, insults or just avoiding the concepts of the differences between

GUI: 50.00000000
bin:100101010000001011111001000000000
hex:12A05F200
dec:5000000000
vs
GUI: 50.00000000000
bin:1001000110000100111001110010101000000000000
hex:48C27395000
dec:5000000000000

which cannot be changed due to immutible blockchain

versus
GUI: 3.12500000
bin:10010101000000101111100100000
hex:12A05F20
dec:312500000
but instead
GUI: 3.12500000000
bin: 100100011000010011100111001010100000000
hex: 48C2739500
dec: 312500000000

which can be change..
where you have been implying "nothing breaks, its insignificant, blah crap, insult, ignore it"

the way it worked was celcious was paying the monthly electric. via monthly contract payments. so that CORZ could accumilate coin and not sell at a loss. waiting for the price to rise cor the coin next year
or giving coin to celcius per quarter as their reward for contract

however when celcius stopped paying because corz were asking for too much in its contracts. and obviously celcius had issues with its own money.. thus unwilling to pay.
corz was not then paying its electric bill and then needed to sell coin at a loss to then pump fiat into the electric company to keep going a few more months.

you gave a very simplistic answer.
the real reason is corz didnt take the opportunity to relocate or upgrade to be more efficient. nor seek out new customers to replace celcius gap
 they just plodded along and asked for a loan multiple months back from their other existing customers(blackrock).. rather than asking blackrock to just buy more contracts
(obviously blackrock wouldnt just buy new contracts at higher prices so yea blackrock done a loan instead.. corz stupidly accepted that deal)

you are proclaiming "all mining" yet using a case scenario of one mining farm example of a inefficient farm that was not business savvi
i fully agree greedy companies that demand too much from customers will lose customers. i agree dumb companies that are not business savvi will lose money.

but that does not make the whole industry non-profitable. it just means too many dummies in the babies basket where all you can hear is the crying due to the dummies that get lost

i personally live in a nuclear power region... thank you, enjoy,
many mining pool locate themselves within 20 miles of a hydro or nuclear power plant and do deals with the power plant direct

(hobby miners using residential rate cant do those deals becasue they are bill payers that use billing agents, that are one step power from the producers)


no its not.
if you calculate the validators at a 300w PSU of a normal PC . vs coins.
and compare that the the old PoW mining. its about 95%

there 99.95% WAS a projection thinking there would only be like a dozen validators(they were only counting the main custodians, like coinbase and a dozen others)

in short ethereum PoW was about $900 underlying cost value with a $1.4k market (1.5x speculation) and now ethereum PoS about $45 cost value with a $1.2k market(26x speculation) if you add up all the asics vs validators respectively (and compare it to market price respectively)

separate the terms of
crypto the industry(businesses at the edges)
vs
cryptocurrency the currencies(plural)
vs
specific currencies of crypto(eg bitcoin)

yes businesses fail by not being business savvi and not knowing the cycles or purposefully ripping off their customers

some cryptocurrencies have no underlying value or market cycles and just pure random speculations

where as some like bitcoin do have underlying value and market cycles and fundamentals

to expand on what your saying

that $50 is fiction
its the pretend total industry amount from data thats sold and resold
in short your data is worth 0.00000412 to and end company and 0.10 to a data scraper and 0.05 to you ..(should they 50% profit share)

here is how it plays out
a data scraper gets data, its sold brokers and to eventually millions of companies and if you add on those resells down main layers of broker traders and add up the volume..
then it appears as being $50 complete market volume for your data point

the thing is scrapers dont sell direct to companies. they sell to brokers where broker then resell to companies where by if a broker says they have 500 companies wanting said data
the scraper would charge
0.000212 per data point
which if the scraper has access to say 500 brokers
nets the scraper 0.1 per data point

however
once those 500 brokers have it they sell that data on.. the first scraper gets nothing for it. thus the customer gets nothing

data is only valued at such a rate for NEW data.
for instance names and emails of people have been cycled so much its only worth $0.000004  per name+email

however if there was a NEW data point no one has ever asked or stored. for instance. how many times a man [used a breath mint and deodorant and wears a clean shirt on a date with someone they met on tinder]..

that would be worth $0.000004 to tinder.. and some other dating apps and some deoderant and breath freshner companies each

but not worth a combined $50 to the scraper

i read alot of people calling 2022 bad and negative
trying to find reason why they think crypto 2022 is outside of the norm for its period

i see it as the norm

just looking at the halving cycles end to end.
you see this

2010-2012   2012-2016  2016-2020   2020-2022

yep the green of the 2020-sofar 2022. is right where it should be

we are ~63% through a halving cycles and looking at the charts puts it smack bang in other cycles "low zone" for their periods

nope.. as said core scientific went bankrupt for other reasons

they were charging cloud mining customers over 10c electric rate, but looking at american rates they could have been located in many many many area's and got better rates

https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_5_6_a

their main thing was they got hit by the contagion. having celsius as a main customer who stopped paying, and they didnt bother to acquire new customers using good worthy deals. instead they waited for the money to go dry where electric bills were due and then ask their remaining customers to cough up more money as "debt"(a loan(blackrock))

they were not running a good efficient business* with a good business deal offering to customers.

also core scientific were adjusting prices every quarter which shows they were not playing the business savvi game of locking in great rates at long term contracts

they were literally mining at a loss with no coverage or care to try to go efficient, nor switch paths when their mining cost went above price.. (they didnt acquire coin from market when coin was cheaper to buy than mine)

*there admissions of their hashrate and power usage shows they were not efficient(it measures out as using 300k OLD asics of 105thash at 3.25kw)(no hardware upgrades for 2 years)
rating at: 32thash/kwh

2022 hardware is ~140thash for 3kw which rates at 46thash /kwh
they were at 66% hardware efficiency..

as for electric. many states had a rate of ~$0.06 which they could have locked in for 2 years. but were instead at a ~$0.10 rate.. meaning electric was also at a 60% efficiency

in total they were paying
10cents for 32thash
when they could have been paying
6 cent for 46thash

easy math is
they paid
1cent per 3.2thash instead of
1cent per 7.6thash
which shows a efficiency rating of under 50%

outside of america they could have got electric at $0.04
which if using efficient asics they could have got a
1cent per 11.66thash efficiency

but because they didnt want to relocate, upgrade hardware, negotiate electric, or acquire new customers, or buy coin when prices were cheaper than mining. they allowed themselves to sink into their own quicksand of doom

---

also as for the "bitcoin price boom every few years"
well thats not VC related. that the deflation at play.
every time there is a halvening a year later is a ATH. followed by a correction that then lasts a couple years before the next boom

---

also carbon taxes.. well if you are located in a region that uses renewable then carbon taxes are your friend.. if you mine in a fossil power region. thats then not your friend.. but it helps out the markets

---

leg-end i know you adore PoS ethereum. but here is the thing. its value at underlying cost is only $50 now as admitted by ether influencers themselves "energy saving of 95%"
so their price is hanging up high in a speculative premium bubble due to arbitrage game play artificially holding it up.

wait for the pin to drop and burst that bubble.. and the correction to occur, you have been warned

"core scientific" collapsed for two simple reasons

one:
its main customer was celcius who stopped paying their "contract" for cloud mining with core scientific(obvious reasons)

two:
core scientific was charging users at a hard ware breakdown that was fair, but an electric cost of over 10cents. which equates to a contract that costs more then the coin reward would give back. so people didnt buy it
..
however if you are mining for yourself the easiest hedge is..
price low.. buy dont mine
price high.. mine dont buy

that way you are always acquiring coin the cheapest way you can find

if you want to risk "hedging" or what others pretend is hedging but they actually mean leveraging
thats risky as thats just betting against the randomness of the speculative market by placing a bet on if you think it will go up or down
yep its gambling

the smart play is if you are finding the price is cheaper than mining it. then dont mine it.. buy it instead. put your electric bill money into buying coin. that way you are truly hedging against your mining cost by getting coin cheaper than your mining cost.

alot of the "high value" NFT
is where "business" sell to "user A"  (shh "user A" owns "business")
where no real money changes hands (its just A paying A)

and then A sells for real to another REAL user(b) for 99.999% less
thus appearing in "paper money"
(receipts show as a loss. between business-A-B on A's tax form)

however they need to be careful with their legal tax avoidance to ensure they dont cross the line of tax evasion

these attempts are not about getting a refund from IRS its about not showing profit to not have to pay the IRS

so in short.. no FTX cannot play this tax avoidance shuffle game to win any tax refund to get money to then pay ftx customers

if the amounts are considered as "money my grandpa put in my christmas card" dont worry too much about tax. no one cares

if its wage, lambo, mansion amounts get an accountant or just pay your tax. dont risk evading(illegal) tax unless you know the loopholes to avoid(legal) paying tax

different countries have different rules..
many will say only tax liable when funds are withdrawn as fiat.

a few people in this forum may mention some UK/US loopholes.

but they may not work in your country. so try to learn about tax if the amounts are equivalent to wage/income levels or more.

hard rule peg you forgot to include in your manipulate ignorance

now go check the blockchain data of 13 years of ACTUAL data!!!

i dare you to look at the data.. of actual decentralised immutable blockchain data.. and then change the peg and see the result of the value and the amount "COIN" that enters supply when you change the 100000000 peg

..
now once you realise it does change the halving events and total supply amounts by changing the peg..

then do yourself another learning experience favour
go read the blockchain data again.. and show me anywhere in raw tx form where "COIN" is shown on the blockchain

realise "COIN" is the human expression for human display at GUI level. its not actually a hard rule

the real hard rule is starting from 5000000000 units from genesis for 210,000 blocks then halves
and you will see this truth by looking at the actual blockchain data. not the bastardised visual aid math cludge of software developers playing mind games

stick to what real hard data shows and not some silly comment you read in some comment section mis representing the hard rules

last lesson. stop sounding like a doomad echo.. your not helping yourself or anyone.

---

dont even bother responding unless you can come back with answers about the raw data of bitcoin involving a 2009-2012 coinbase reward in either:
bin:100101010000001011111001000000000
hex:12A05F200
dec:5000000000

where you can actually articulate these answers in a way that changing the peg will not affect the answer nor change the conversational basket terms of "coin" "btc" form, nor change the number of halving events nor change the total supply of sharable units

and do not respond just to sound like the drama queen hysterical insults i usually hear you repeat from doomads selection of insults.. just so you can avoid doing the research

in short do the research and learn something and come back with proper researched and calculated response of actual data

black hat

there is no 21m hard rule at the real protocol level, its a conversational thing of interpretation

there is hard rule but not what you think
much like the block time rule is not actually a 10min rule..
its actually a target of 2016blocks per fort night. which translates for human display/conversation as being a "10 minute rule"
do you get the difference between actual protocol vs human expression/display

and so the actual protocol is this:
5000000000 units starting from block1 for 210,000 blocks
which then halves
yep there is a half the number of units...

by which time in roughly the year 2140
there will be
2,099,999,997,690,000 units

where by then the units FOR human interpretation of visual aid/conversation
then calculates that to being units /100,000,000 =
1btc= 100,000,000 units where the human conversation/display becomes
"21m million btc rule"

how ever thats the human conversation. not the actual rule at data level

the unit * /100,000,000 is a peg that is something people for years deemed a hard rule and hard protocol thing that should not be broke because it changes too many things and devalues and breaks alot of things by changing it

i truly dare you to actually find a transaction anywhere on the blockchain where at true data level(not human visual manipulation.. but actual data level) where a block reward in 2009-2012 was just the number "50"

waste as much time as you like. or actually realise that things are not actually measured in bitcoins at rule/code/data level of the actual protocol

so dont confuse human display stuff of conversation with actual rules

breaking the peg of sat to btc.. is going to break alot of things

---

thinkig that changing the 100,000,000 beg rate of sat(smallest unit to btc) to different numbers is of no concern where you group of malicious malcontents think it harms no one but only 1 undividual is completely wrong too (yes im linking in the other network of same conversation to make a wider point)

if one group of users want it to remain 100,000,000 math and another group want 100,000,000,000
then when one side wants "1btc" for $16k from both sides

guess what they both send different amounts of sub units
or when one group sends out the same sub units to different groups thinking they are paying the same amount. guess what other wallets will see they received different amount of "btc" one being 1000x less than the other

read some code. look at blockchain data..
look at how things need to change to get the "extra decimals"

dont just think from the prospective of the GUI

actually learn what is actual happening at the real rule and data level
breaking the rules to have more units at data level changes ALOT

it changes the number of halving events
it dilutes the 19m 'btc' to appear as 190k btc
meaning the "new btc" mined ends up as about 1.3m(1,332,187) btc at the end of all halvings in 2180

please do some maths and look at the data

check this post..
then read some code. check block data. and see how it actually changes..
.. surprise yourself by learning something

the reason is simple.. dev politics

the scaling bitcoin was about increasing transaction count..
the debate then became named "blocksize" debate

one side wanted more transaction utility on the blockchain.
the other side wanted to make it look like the first side just wanted more data bloat without more transaction utility

hence throwing around useless names like "big blocker" rather than calling the desires what they were.. more transactions on chain

so core used the cludgy math of miscounting bytes to "break outside the 1mb blocksize" without actually truly giving any increase in transaction count potential.,
because in their view saying they are offering "4mb blocksize" aka bigger blocks.. which in their mind was what the community wanted.., same tx count but more "block size" even if it was not what is actually been requested.

yea they been saying "look blocks are now 4 instead of 1.. while the actual tx count is not 4x
.. all thats been done was multiply the legacy bytes by 4x

very shady manipulative crap was done to pretend they were offering what the community wanted but in the end not giving the community 4x tx capacity. and instead just some unfinished txformat that is just used as a gateway to other networks (its true intent) while faking legacy as being 4x to "give the community the 4x they wanted"


its the simple analogy of
"we have 1 wife of 120lb we would like 4 wives of 120lb"
and core devs decided lets give then 1 wife of 480lb as it sounds like what they want

issues:
company helping you data scrape other services = they access your other accounts
company promising or asserting it will give you continual income
once company sells on your data.. its done, over, other companies have your data but not obligated to pay you while they can themselves sell the data on and on and on and on

passive income is when you set up a business you then just become a silent partner and jsut let the cheques roll in, or a royalty or a fee per use

this scheme is neither of those

its a give too much to them once, they may pay you low amount maybe twice then your name/personal details appears everywhere and resold a million times with you getting nothing

its been done to death many times before.
the only success is where people create 10 persona's for themselves a day. and sell them to these schemes where it becomes a full time job making fake"you" each day to sell

best advice. much like signature spammers on this forum create new accounts to make nonsense posts each day

create new persona's each day and sell them to the schemes advertising as selling data to make you profit... just dont give them your real info. that way you lose nothing but the time of creating "fake you's"

when you go to the grocery store
you see weekly changes in price deals of 20-50%

you see housing prices double in a decade (200%)
people have just gotten so used to the volatility of the consumer market that they no longer see it

they only see it when their beloved fox news and CNN point to it. otherwise they dont see it.

here in the UK its the same
i can go into 2 grocery stores on the same day and see price differences in goods of 20%. same product same brand. 2 different prices.. it immunises and sanitises peoples minds of concern. where they stop caring

in the last 20 years
i remember
2 litres of milk £1
uk fuel costs 70p a litre
electric 13p/kw
cheapest road worthy second hand car £300
house price £60k
mountain/town bicycle £70

now a bicycle is £140 (200%)
now a house is £180k (300%)
cheapest second hand car £900(300%)
electric is 39p/kw(300%)
uk fuel £1.45 a litre it went to £2 this summer (200%)
2 litres of milk £2 (200%)

thats 10-15% a year every year

while media talk about "10% in 2022 due to russia"
we have seen every year be 10%. and our milk, bikes, fuel, housing did not come from russia

we are only now crying about 10% inflation because the BBC and ITV news is talking about it, like beating us over the head about it

we have never been at 2% so the question of "will things ever go back to 2%.. the answer, when was it ever 2%..

UK government knew about the UK gas and oil industry making profits by raising prices of UK produced energy, but with lame russian excuse for the raise. they even gave incentive to uk energy to keep doing it with the windfall tax even before priced rose. they knew energy companies will profit.
yet the government then also started more money printing and throwing stimulus packages at people.
yep people were being given 2x alotments of £325 plus 2x£150 to cover "cost of living increases"

they dont want things to be 2%
they just know they were going above the 10% norm. and didnt want a recession of -X% to get back to norm after the covid stimulus died out, so they had to keep the money flowing by just keeping the money printing going

california are a leech on the US infrustructure

they set up in a land that is surrounded by desert, where they dont have a mountain top of their own to act as a watershed to funnel their own water to be self sustainable, they borrow electric and water from naighbouring states. (plural)

when it comes to electric. their business model a few years back was this
"purchasing electric from national grid is cheap, plus we have dams, lets turn off the coal power buffer and survive without it" (yep short sighted)
they went green before they were ready, thinking the national grid backup was affordable

now with their shoddy math of water quota, and over using their allotment, they are having issues with their dreams of self sustained power by hydro. and with national grid electric on higher prices. they refuse to buy that electric and instead want to use brownouts

if a business (any business) was to say we refuse to buy produce from a source instead people will have to just go without.. that business needs to be shut down they should not be continually asking money from consumers while telling consumers to just get on by with expected outages

california were too quick to shut down their energy buffer in coal "to be green" they cared more about wearing a green star on their chest rather than supplying goods/services to their customers

there is more then enough methods and amounts of ways to generate more energy than needed. california just refuse to pay for it,

california's problem is greed
as proven by them telling nevada, arizona and mexico to stop using as much water, while california still continued to use the most water and not reduce themselves

el salvador had TWO campaigns..
1. the govenment hoard for government sovereignty..
2. the citizen access

now lets make things clear (1) was bitcoin.. (2) was not bitcoin..(2) failed

the september to decomber trial of a payment system for citizens was not using BITCOIN. it was using lightning. and when lightning failed its experiment to work with the chivo wallet due to liquidity bottlenecks and exit ramp dead-ends back to crypto/fiat. the citizens did not like it.
however rather then that "strike" guy admitting his experiment on the el salv population failed. he tried to distance his invovlement and tried to call it out as a bitcoin failure

the very callous nature of LN people faming up their involvement in september branding themselves as the main feature of el salvadors backbone to chivo.. .. and then running off in december and calling it a bitcoin failure is a big reason i hate LN'ers. this is not the first time they fame themselves up brand stealing bitcoin. and then blame things on bitcoin when their campaigns fail

...
now lets talk about (1)
the government is still buying bitcoin and they are playing the long game. they are not interesting in selling at a loss or selling low. it takes time for the (1) to flourish

ok i see your chart with your lines.. i accept your prediction challenge..
and i match you with my image prediction of bitcoin price movement

up

down

satire aside

anyone can zoom in and out of any chart and end up drawing lines in any direction they please depending on the zoom and stretch of the chart..
doodling on a chart is not Technical Analysis (TA)
i call people that draw lines on charts with no fundamental knowledge of bitcoin outside the chart.. Trend Anals

the 8 years 160km is based on a rough estimate of a 500 recharges, each done every 5-6 days
but thats presenting that a car does 50miles a day to use up its 300mile charge to then need to recharge

yes expect a battery could pop after 8 years but realise.. thats the minimum based on data math of excessive use compared to average. in other words its a safe bet

much like products that last 3 years but quoted as having a 2 year warranty of expectant lifespan

dont base real life span based on the safe bet of warranty lengths
batteries can handle 1000 recharges+ but the safebet was ~500 recharges based on a ~50km a day utility

the 8 year WARRANTY is not the same as saying expected lifespan