[raverbashing]

Yup

The problem with BTC going down is that it's a double whammy of not only BTC going down but also the cost of its shovels going up

Before: BTC pays $100k but a shovel costs $300

Now: BTC pays $70k but a shovel costs $$??

Bitcoin asked the right questions but came back with the wrong answers

[andai]

What's a shovel?

[metrix]

They're using the analogy of mining for gold. the cost of a shovel/pitchfork goes up when the price of gold goes down - which is a double whammy

[shlant]

you didn't answer the question. A shovel in this case is the equipment + energy needed to mine (GPU's etc.)

[raverbashing]

Which is pretty much obvious to anyone who has heard of bitcoin in the year of our lord 2026

Especially since the "sell shovels during a gold rush" has been used to apply to nVidia

[latexr]

But the person upstream hasn’t. It’s not obvious to them. Which is why a good answer has to include the detail.