captjack on Nostr: "The price increases on asic coins come from capital expenditures of large companies ...
"The price increases on asic coins come from capital expenditures of large companies being invested not mass adoption and that is true for all of them including bitcoin. ASIC resistance will hurt early price and require adoption."
mean in other words "ASIC based POW coins are highly manipulated in early stages by handful players not community money. "
Published at
2024-09-06 10:41:59Event JSON
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"content": "\"The price increases on asic coins come from capital expenditures of large companies being invested not mass adoption and that is true for all of them including bitcoin. ASIC resistance will hurt early price and require adoption.\"\nmean in other words \"ASIC based POW coins are highly manipulated in early stages by handful players not community money. \"",
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