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by paulgb
1650 days ago
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Yes, I'm curious to know more context on why they see miners selling the coins as proof that they are malicious actors trying to keep the price down. The very nature of PoW is that miners typically have high expenses, and need to sell coins to pay their power/hardware bills. To the extent that this hasn't happened in bitcoin, it's because capital is currently cheap enough that some of the big miners prefer to hold the bitcoin and borrow against it to cover expenses. |
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