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I don't think he gets it, his title makes no sense. Claiming that mining costs cause BTC price to drop, it's the opposite, mining price increases tend to cause prices to rise (just like in RL mining).

Also electric prices in the 3rd world or places like china, are still incredibly cheap.

Hi no one likes negative news, including myself. I still do buy Bitcoin, if that changes your opinion. From an economic pov, mining is never an economically sustainable activity due to its high energy consumption. Proof-of-Stake is. If not, why use Smart Media Tokens such as Steem and not Bitcoin?

Dont attack the flagship!
I understand many cryptos serve diff purposes...
Bitcoin is becoming bullion...
Decentralized