It is pretty crazy how much miners gamble on the market, but then again it makes sense.
One Bitcoin will always be worth one Bitcoin, so the price is always stable :D
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It is pretty crazy how much miners gamble on the market, but then again it makes sense.
One Bitcoin will always be worth one Bitcoin, so the price is always stable :D
Very true, except I imagine their costs are in pesky fiat...
Yep! But at the same time I think that many miners must feel a responsibility on a political level to support Bitcoin as actual currency rather than the speculative cash-cow it's turned into. If fiats start hyperinflating that transition is going to become much easier. If Bitcoin eventually has a higher market cap than world superpowers I imagine it's stability could rival even the most solid central banks (if there is such a thing).