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by algo_trader
1468 days ago
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Could u please game this out for me (Disclosure: i do not hold or hate crypto)? 99% of crypto users sell, or abandon their wallets Remaining users are HODL, and even have some cash left Demand falls, prices falls, mining difficulty adjusts, HODLs keep buying As difficulty falls, there is a real risk of something-something-51% attack So HODLs (acting rationally) need to spend more $$ to boost prices just to protect their existing coins So now, we have a finite asset (coins), which do not generate income, but require non trivial constant $ cost just to protect it? |
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