[Arm-netbook] EOMA68 / Libre RISC-V team financing

Luke Kenneth Casson Leighton lkcl at lkcl.net
Wed Dec 27 13:15:53 GMT 2017


btw, for those people still thinking this is a "ponzi" scheme... or
that it's a MLM that will collapse under its own weight... bitclub
*do* actually recognise - and anyone else who knows about bitcoin
knows this - that there's only probably about 3-5 years left where
bitcoin mining will make any sense.

it's down to the fact that the mining reward halves every 18 months.
right now it's a 12.5 BTC reward.  in about a years' time it'll be
6.25.  18 months from then it'll be 3.125 and that means that, in one
years time, whatever the amount of BTC/USD is earned, that LITERALLY
halves LITERALLY overnight.  24 million USD equivalent per month for
the whole pool suddenly becomes 12.5 million USD equivalent.

EVERYONE KNOWS this... the people who've done their proper due
diligence at least.... IN ADVANCE.

so yes.  in about... 3 to 5 years this entire operation is quite
likely to shut down.

l.



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