Re:Bitcoin's Use in Commerce Keeps Falling
by dev_dull on Sunday August 26, 2018 @12:35PM
(#17846609)
> For example, a fixed reward split between a growing group of miners will also cause a rising price floor. The miners will not sell for less than their electricity costs
Sure they will. They’ll have to if there are more sellers than buyers. Sellers are poor things at creating “floors” unless they’re in collusion. Bitcoin is famously decentralized so good luck with that.
Sure they will. They’ll have to if there are more sellers than buyers. Sellers are poor things at creating “floors” unless they’re in collusion. Bitcoin is famously decentralized so good luck with that.