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I understand how bitcoin works. I'm a big fan of bitcoin actually. But what you've said doesn't refute the article or what I've said. Every time a miner sells
by betwixthewires 4y ago
I understand how bitcoin works. I'm a big fan of bitcoin actually. But what you've said doesn't refute the article or what I've said.
Every time a miner sells their reward, whether it be a coinbase transaction or fees, it puts sell pressure and drives the price down. For bitcoin to even stay at a stable price requires corresponding buy pressure, new capital. An asset that continuously requires new money to enter it's market to maintain its value is not a store of value.