0 sats \ 2 replies \ @petertodd 10 Nov 2022 \ parent \ on: FTX blowup is bad for bitcoin in the short run but great for bitcoin long term bitcoin
How do miners leveraging their BTC/ASICs impact anyone but their direct investors? Most likely they go bankrupt and difficulty adjusts.
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10 sats \ 1 reply \ @HardMoney OP 10 Nov 2022
When they get margin called they need to dump bitcoin
Short term cheaper corn, long term it’s free market Darwinism
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0 sats \ 0 replies \ @petertodd 12 Nov 2022
That's a good point.
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