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Knowledge Protocol. Daily curated links from the space of blockchain, bitcoin, tokens, cryptocurrencies and protocols. No news, no bullshit, deep knowledge only.

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Difficulty Adjustment Is Why Bitcoin Will Never Die

"But that’s not how bitcoin works, thanks to one of the many strokes of genius baked into its fundamental design: difficulty adjustment. The bottom-line explanation of difficulty adjustment is that every time a mining rig is shut down, the bitcoin protocol increases the incentive for other miners to stay online. It’s as if every time a Sears shut down, all the remaining stores became more profitable."

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