> ZmnSCPxj wrote
>> Mining infrastructure follows price.
Ilansky wrote:
> In the case of bitcoin, it is the price that follows mining infrastructures.
I generally agree with ZmnSCPxj that
good ideas => good devs => hodlers => price => mining
Except that each step is not an absolute, and can be
> Mining infrastructure follows price. If bitcoins were still trading at 1
USD per coin, nobody will build mining infrastructure to the same level as
today, with 5000 USD per coin.
In the case of bitcoin, it is the price that follows mining
infrastructures. The price is at 5000 because it is
