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Bitcoin Miners Are Playing a High-Stakes Game of Chicken
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<blockquote data-quote="MuzzMelbourne" data-source="post: 1025364" data-attributes="member: 94561"><p>Dangle a $65K carrot and you'll attract plenty of donkeys. $1.50 is my long-term prediction. After all, it has zero functionality blockchain wise.</p><p></p><p>Always has been a game of diminishing returns given the nature of Bitcoin halving. Even though there will be coins to mine until 2136(?), making a quid from it will be more about luck than sheer computing power and interest in it will dry up way before supply, IMHO.</p></blockquote><p></p>
[QUOTE="MuzzMelbourne, post: 1025364, member: 94561"] Dangle a $65K carrot and you'll attract plenty of donkeys. $1.50 is my long-term prediction. After all, it has zero functionality blockchain wise. Always has been a game of diminishing returns given the nature of Bitcoin halving. Even though there will be coins to mine until 2136(?), making a quid from it will be more about luck than sheer computing power and interest in it will dry up way before supply, IMHO. [/QUOTE]
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