Mark Friedenbach [ARCHIVE] on Nostr: 📅 Original date posted:2018-01-22 📝 Original message:> On Jan 22, 2018, at ...
📅 Original date posted:2018-01-22
📝 Original message:> On Jan 22, 2018, at 11:01 AM, Ilan Oh via bitcoin-dev <bitcoin-dev at lists.linuxfoundation.org> wrote:
>
> The chain with the most mining power will tend to have more value.
I believe you have the causality on that backwards. The tokens which are worth more value will attract more mining hash rate. Miners respond to cash-out value, they don’t set it.
📝 Original message:> On Jan 22, 2018, at 11:01 AM, Ilan Oh via bitcoin-dev <bitcoin-dev at lists.linuxfoundation.org> wrote:
>
> The chain with the most mining power will tend to have more value.
I believe you have the causality on that backwards. The tokens which are worth more value will attract more mining hash rate. Miners respond to cash-out value, they don’t set it.