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Is the tldr argument that if we bring down the price of Bitcoin less miners will be motivated to mine and thus release less carbon?
by newswasboring 5y ago
Is the tldr argument that if we bring down the price of Bitcoin less miners will be motivated to mine and thus release less carbon?
- izzydata 5y agoThat is not possible as it will always find an equilibrium of miners that find it less worthwhile vs the supply. Less miners means less supply means higher price means more miners etc.. You'd have to kill bitcoin completely somehow by the price going so low that it will never recover due to people believing it can never recover. If nobody believes it will ever be a higher price than it is now than nobody would ever buy any. It passed that point of no return a long time ago.