Re:Many Bitcoin Miners Are at Risk of Turning Unprofitable
by vageli on Wednesday April 18, 2018 @02:34PM
(#16869762)
How fast does a change made by a private actor to the money supply propagate? Surely not instantaneously?
Re:Many Bitcoin Miners Are at Risk of Turning Unprofitable
by marcosdumay on Wednesday April 18, 2018 @03:13PM
(#16870129)
By the time you fill your truck with those $100 bills, the prices will have already adjusted. If you decide to not burn them, but spend them quickly, the prices will adjust again.
The money supply affects prices. It's basic econ.