can you IMAGINE the stagflation we'll get if they decide to cut off north america from bitcoin mining? It'll make the 70's look like paradise
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So much for decentralised
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People underrate the degree to which miner unit economics really favor turbo consolidation, the aggregate hardware buying power alone would instantly cut new hashpower capex
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I cannot stress this enough:https://twitter.com/acityinohio/status/1396915633003143193 …
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Next thing you know, they'll be forming a mining chip/rig consortium...
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So now that the decentralization has been jettisoned...what's the benefit to this horrendous "currency" again?
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