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There is another theory that if BTC falls below X, mining is no longer profitable so the network would halt, and these points correlate with tether expansions,
by dustingetz 5y ago
There is another theory that if BTC falls below X, mining is no longer profitable so the network would halt, and these points correlate with tether expansions, and the exchanges and whales are incentivized to look the other way
- gruez 5y ago>There is another theory that if BTC falls below X, mining is no longer profitable so the network would halt 1. difficulty adjustments are a thing, so it wouldn't halt, only be slow until the next adjustment 2. there isn't a single profitability point for all miners, so all the miners won't drop off at once, so barring a massive collapse (eg. 95%) the network won't halt.