All posts made by lostmach in Bitcointalk.org's Wall Observer thread



1. Post 2002359 (copy this link) (by lostmach) (scraped on 2020-04-04_Sat_10.55h):

Quote from: gizmoh on May 02, 2013, 06:03:48 AM
Agreed.I don't understand advocates who believe price will rise on new asics hardware. This can only lead to increasing daily coins supply, thus more selling pressure.

Not quite how it works...

Quote from: tHash on May 02, 2013, 06:00:24 AM
There will be no more selling pressure than there is now, the same 3600 BTC will be produced each day, and currently more than half of the network is probably ASICs that were purchased at a higher price than BFL's.

Correct.