BTCMeansFreedom4All on Nostr: My view is that mining cost follows the price, and price also follows the mining ...
My view is that mining cost follows the price, and price also follows the mining cost. They have a sort of equilibrium, dancing around each other over time.
If Bitcoin truly does go parabolic, it'll be because the hash wars have started and Bitcoin are extremely valuable strategically.
If the price alone goes parabolic it's unsustainable and will crash, if both the price and the cost to mind goes parabolic then it's hyperbitcoinization.
If Bitcoin truly does go parabolic, it'll be because the hash wars have started and Bitcoin are extremely valuable strategically.
If the price alone goes parabolic it's unsustainable and will crash, if both the price and the cost to mind goes parabolic then it's hyperbitcoinization.