Woo, the return of Proudhon, the original contrarian bear with a track record as long as his Alpacas neck..
How are those Alpaca Socks working out for you 'Hon ? If only you could still trade them in for the coins they used to be worth..
what was it, about 10 or 20 coins for a set of socks back then ? Not bad, a $10,000 pair of socks.
Almost as good as the infamous Pizza
For those worried about profitability of mining post-halving, here's a gem from Proudhons early days.
"What will the exchange rate of USD/BTC need to be at the next projected difficulty level in order to retain the same profit as at the current difficulty level and exchange rate? then the exchange rate would need to go up to ~$1.92 in order for me to make the same amount I'm making at the current difficulty level with an exchange rate of $1.66."
Yes, we have a *confirmed miner here who was around in the $1 USD = 1 BTC days, and then decided about 6 months later that BTC was doomed to fail and started posting things like
"We've been hearing about rallies just around the corner for over a month now. While it's possible something gets started, there's so much downward pressure and low confidence that it just seems very unlikely. There's a better chance we're headed for lower lows and if you play your cards right, you can still make money on the way down. Betting on a rally right now is just foolishness and wishful thinking. Sorry."
and continued insisting that bitcoin was at unsustainable prices at anything over $5 from then on until he faded away into obscurity followed by laughter.. and here we are, years later, at over
100x his original doom predictions and he's back to share the benefits of his "foresight" with us once again.
Now, we just need to get Him and KwuckDuck in the ring together and we would have the fight of the decade for the biggest doomsayer title.
