3 ms·
Would be interesting to see expert analysis, but I imagine it's really hard to know how every player will react. As (if?) likelihood of a demand collapse incre
by abathur 3y ago
Would be interesting to see expert analysis, but I imagine it's really hard to know how every player will react.
As (if?) likelihood of a demand collapse increases, I imagine some fraction of potential suppliers with ~easy/cheap oil left would have a healthy incentive to open up the supply for as long as it takes to force everyone with ~hard sources to wind down, leaving them to price-set the long-tail?
Hopefully the price of any PoW crypto is sufficiently low that it doesn't make marginal economic sense for any players to extract-and-mine?