Jeff Garzik [ARCHIVE] on Nostr: 📅 Original date posted:2014-10-25 📝 Original message:On Sat, Oct 25, 2014 at ...
📅 Original date posted:2014-10-25
📝 Original message:On Sat, Oct 25, 2014 at 2:06 PM, Alex Mizrahi <alex.mizrahi at gmail.com> wrote:
> Hashrate might drop by more than 50% immediately after the halving (and
> before difficulty is updated), thus a combination of the halving and slow
> difficulty update pose a real threat.
"Flag day" herd behavior like this is unlikely for well informed and
well prepared market participants.
--
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc. https://bitpay.com/
📝 Original message:On Sat, Oct 25, 2014 at 2:06 PM, Alex Mizrahi <alex.mizrahi at gmail.com> wrote:
> Hashrate might drop by more than 50% immediately after the halving (and
> before difficulty is updated), thus a combination of the halving and slow
> difficulty update pose a real threat.
"Flag day" herd behavior like this is unlikely for well informed and
well prepared market participants.
--
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc. https://bitpay.com/