Ronin on Nostr: I didn't say it's scales and grows forever, bitcoin price doesn't have to grow every ...

I didn't say it's scales and grows forever, bitcoin price doesn't have to grow every cycle neither does hashrate. fees are the less significant factor in miner revenue, it's also the least predictable. It's a free market, it's not our job to find revenues for miners, there are a lot of variables in the market, we are now at 70k, not far from 2021 ATH, half the block reward and yet Hashrate is a lot higher. In 2022 bear market hashrate was already higher than in 2021. The hashrate will always adjust according to a lot of factors, fees are one of the smallest ones.