Hugo Nguyen Retweeted Hugo Nguyen
Personal lessons for the day: 1/ Few people actually bother reading papers in this space 2/ Despite the large unexplored space, many people like to claim themselves as "experts" on Bitcoin & Bitcoin economics Truth: We are all noobs & only have scratched the surface of Bitcoin.https://twitter.com/hugohanoi/status/1029414883350048768 …
Hugo Nguyen added,
Hugo Nguyen @hugohanoi
Replying to @hugohanoi @kaykurokawa and 4 others
Budish took this hardware cost into consideration - and called it the stock cost (God, does anyone actually bother to read Budish paper?). The only difference between his & my calculation is the question of the price of prev-gen ASICs, not that the stock cost doesn’t exist!
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