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bitflate
searching PlanetScale…
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by
bitflate
6y ago
More electricity buys more BTCUSD, so far. It hasn't been a problem since Bitcoin price continues to go up. If you own Bitcoin, you believe it'd go up forever. If you don't own Bitcoin, you think it'd stop at some point.
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by
bitflate
6y ago
> But that’s not the case: in Bitcoin, more electricity does not buy “more Bitcoin”, it rather buys “more security”. I think this piece misses. Electricity and hash power does translate to economic value. It gives you more share of the 6