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BTC proof of work doesnt determine the BTC/$ conversion. the price is non-scientific, highly speculative, and highly volatile.
by kryogen1c 6y ago
BTC proof of work doesnt determine the BTC/$ conversion. the price is non-scientific, highly speculative, and highly volatile.
- DennisP 6y agoThe causation works in the other direction, due to the difficulty adjustment.
- kryogen1c 6y agoBTC/USD exchange rates are at best correlated with mining difficulty and 100% not causally related. this is patently false.
- ufo 6y agoThat's the reason why the paper is focusing on damages per dollar of mined bitcoin, instead of damages per mined bitcoin.