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Yes, I'm curious to know more context on why they see miners selling the coins as proof that they are malicious actors trying to keep the price down. The very n
by paulgb 5y ago
Yes, I'm curious to know more context on why they see miners selling the coins as proof that they are malicious actors trying to keep the price down. The very nature of PoW is that miners typically have high expenses, and need to sell coins to pay their power/hardware bills. To the extent that this hasn't happened in bitcoin, it's because capital is currently cheap enough that some of the big miners prefer to hold the bitcoin and borrow against it to cover expenses.
- 100001_100011 5y agoMore context https://www.youtube.com/watch?v=dPDak2o9VSk https://www.youtube.com/watch?v=dPDak2o9VSk
- gitfan86 5y agoThe utility of Bitcoin is that it allows you to bypass government and regulations and high cost money transfer services. The price should reflect that utility and anything beyond that is day trading or beanie baby style speculating