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As long as markets exist to transfer bitcoin to other currencies, I believe that effect is probably negligible. If a miner holds a significant portion of their
by dperfect 11y ago
As long as markets exist to transfer bitcoin to other currencies, I believe that effect is probably negligible. If a miner holds a significant portion of their rewards in bitcoin and there exists a credible threat to the network, it will almost certainly be more advantageous to convert that value to another currency rather than continue mining in hopes of saving the network.