2 ms·
Better is to think of it as making something a lot of people want. Lots of miners = lots of people who want shovels/ASICs. Whereas mature industries like thos
by wffurr 9y ago
Better is to think of it as making something a lot of people want. Lots of miners = lots of people who want shovels/ASICs. Whereas mature industries like those end up as monopsonies i.e. a single buyer with lots of suppliers.