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That is not the point of the article. The point is that, as long as miners have to liquidate bitcoin to pay for power, capital will continue to flow out of bitc
by betwixthewires 4y ago
That is not the point of the article. The point is that, as long as miners have to liquidate bitcoin to pay for power, capital will continue to flow out of bitcoin. As a result, either the price will go down or it requires capital inflow, both scenarios mean it is not a store of value. Additionally it talks about the implications on the security of the network as a result of this dynamic.