BitcoinETF on Nostr: That is so stupid. How do you know exactly, what it costs? Why would you compare ...
That is so stupid. How do you know exactly, what it costs? Why would you compare bitcoin with other commodities? Any decentralized system is self-regulating, and if at some point mining becomes unprofitable, the network power drops to levels acceptable to miners. Oil and gold production are regulated by cartels and the price and demand for them are artificially stimulated.
Published at
2024-09-24 09:42:49Event JSON
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"pubkey": "31468912a1730f94188e2f5f785382743fbd8644b61865289932fd9ee17b39f1",
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"kind": 1,
"tags": [],
"content": "That is so stupid. How do you know exactly, what it costs? Why would you compare bitcoin with other commodities? Any decentralized system is self-regulating, and if at some point mining becomes unprofitable, the network power drops to levels acceptable to miners. Oil and gold production are regulated by cartels and the price and demand for them are artificially stimulated.\n\nhttps://m.primal.net/LALb.png ",
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}