Ronin on Nostr: satoshi talked about this, unlike gold where price follows cost of production, in ...
satoshi talked about this, unlike gold where price follows cost of production, in bitcoin, cost of production (mining/hashrate) follows price. Bitcoin hashrate/network security will always find a balance according to price. If bitcoin doubles in price, double market cap, you can bet security (hashrate) will follow, the opposite is also true.
Published at
2025-05-03 15:15:28Event JSON
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"content": "satoshi talked about this, unlike gold where price follows cost of production, in bitcoin, cost of production (mining/hashrate) follows price. Bitcoin hashrate/network security will always find a balance according to price. If bitcoin doubles in price, double market cap, you can bet security (hashrate) will follow, the opposite is also true.",
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