Karbon on Nostr: Commodity prices find the marginal cost of production (ability to acquire). Either ...
Commodity prices find the marginal cost of production (ability to acquire). Either via exchange or mining. If the cost to produce bitcoin via mining doubles overnight, the market may add more buying pressure to the exchange side, therefore pushing up the price.
Published at
2023-10-15 15:02:21Event JSON
{
"id": "fd5d40e9cac85d6f7bb23fe1d7d0202c7569fa675c89af048cf83555d68b25de",
"pubkey": "3553ea8d3f250c3f4d87877d15447eafbb5ec886f1daaa3b24b4cd82c69c20a1",
"created_at": 1697382141,
"kind": 1,
"tags": [
[
"e",
"824e67fc09bbff3504a5ef33a53e7cf2a23bc5fb56e2ba85103bff88e9bbfe6a",
"",
"reply"
],
[
"p",
"eab0e756d32b80bcd464f3d844b8040303075a13eabc3599a762c9ac7ab91f4f"
]
],
"content": "Commodity prices find the marginal cost of production (ability to acquire). Either via exchange or mining. If the cost to produce bitcoin via mining doubles overnight, the market may add more buying pressure to the exchange side, therefore pushing up the price.",
"sig": "790a669c74bb4951f1e1cf042fa360e0b4898c089878ad5e8f245dba88f4230f3ad1e81d80b06b4a981eb4c8295bd3f762018d2138fc6571574cc0c74da11da0"
}
