TEB2048 on Nostr: Satoshi said in an email: “The price of any commodity tends to gravitate toward the ...
Satoshi said in an email: “The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.”
The bitcoin price today is far below production costs. Probably a good time to stack.
Published at
2024-05-02 14:50:14Event JSON
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"content": "Satoshi said in an email: “The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.”\n\nThe bitcoin price today is far below production costs. Probably a good time to stack.",
"sig": "debded17e6c42c4f1be0404904a124cf37ec1c2d16e1fda86ddceac734b08d322d9b5038fdf5b48d2a8df8463ba4043ab8b6925b078a5f5f8d29ce3d629cdd42"
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