₿itcoin ₿ombadil on Nostr: Do #Bitcoin miners understand how intentionally driving fees up with spam distorts ...
Do #Bitcoin miners understand how intentionally driving fees up with spam distorts their own economic cost functions and price signals?
My guess is some miners will turn on more ASICs in response to these distorted price signals.
Caveat emptor as always.
Published at
2023-12-17 00:49:41Event JSON
{
"id": "0b5024cf7ad99950afa11ff1a7e3e6ca2421e593b8afddf84548b0d1163090d0",
"pubkey": "0afb025ba314958df9b82ba64202d5beb77c3d0299aa9c9f18f96e19c033fdc6",
"created_at": 1702774181,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "Do #Bitcoin miners understand how intentionally driving fees up with spam distorts their own economic cost functions and price signals?\n\nMy guess is some miners will turn on more ASICs in response to these distorted price signals. \n\nCaveat emptor as always.",
"sig": "77ef6344fafc6a27db1ed0e593df6a08657951adb0ef58d3a4f8e4438e20a297ed80332204bb3bd7cdf16f8131343935ed94571d5dae5399d0145175b96b7b78"
}
