Can anyone (maybe BU supporters) explain me why would miners support an action (non unanimous hard fork) that will surely result in an inmediate drop of the price and also a long term lose of trust/value of Bitcoin?
Shouldn't miners act always in what is better for higher Bitcoin price (higher rewards for them)? Or is it that for some unexplained reason they think the price would react otherwise? Is there a hidden agenda that I am not aware of?
I really can't get it.
Shouldn't miners act always in what is better for higher Bitcoin price (higher rewards for them)? Or is it that for some unexplained reason they think the price would react otherwise? Is there a hidden agenda that I am not aware of?
I really can't get it.
Miners want the price to be low most of the time. They love the huge drops, because it keeps the little guys who might be competition out. They also love the pumps so they can sell, but they really don't want it to last too long.
If you are counting on the price to go up it's much easier and less risky to buy coins. If you are a miner you want the price low, so you don't have too much competition.