Hashing power follows the price,
hashing power COSTS is a separate value that sits below the price.
PRICE is speculative above hashing power costs. its why for majority of 2018 when hashing power costs were $5800 the PRICE never went below that.
then in OCTOBER when asic farms sold off asics cheap, thus reducing the hashing power cost as new more efficient asics were entering the arena.. the PRICE in NOVEMBER occured
majority of miners do not increase their hashpower when the price moves up. hense why there was no large hashpower rise in the january period of 2018
majority of hash power rises when they deem fit to rise. and then the mining:market effect plays out
the mining:market dynamic has been something known about for nearly a decade in btc and for centuries in the mineral/metals markets.
if it costs $1 to make. no one will go to a market and buy it for $100, unless getting it from the market has a $99 convenience feel that makes it FEEL worthy of paying extra
if it costs $100 to make. no one will mine it if they can buy it for $90, unless getting it from mining has a $10 convenience feel that makes it FEEL worthy of paying extra
if you chart mining cost vs price of summer 2018 you will see EFFICIENT mining cost of $5800. which is why before the october s9->s15 hashdrama .. no one sold below $5800 as that was the underlying support of the mining:market dynamic
th price only moved down when it was cheaper to mine
(no im not talking about hobby miners in thir basement on 10cent-20cent electric who paid full price retail for asics im talking the majority of miners (who are smart/resourceful to get cheap electric and cheap asics))
I agree it's debatable. But some governments could start holding Bitcoin, a censorship-resistant cryptocurrency, not some centralized hyperledger coin, to avoid sanctions from the United States government, as an investment, or whatever the reasons may be.
governments wont hold btc. they have a contract with banks to keep fiat in play. this is why governments are working with banks to make hyperledger.
hyper ledger is the united committee of banks and governments.
governments dont even hold gold.
Because I believe only the government can mine at a loss forever, all the expenses will be subsidized by the tax payers.
Tell me if that scenario is completely impossible.
governments do not create fiat. banks do. governments ask banks for fiat and then give the banks back returns plus interest
you need to research more into bonds (credit agreements essentially)
governments do not have an endless money pit.
the 2008 crises is where governments did not make fiat to pay bank bailouts. what actually happened was that governments asked banks to create their own fiat. where for minutes. banks gave fiat to government and then government gave it back to the bank(like how mortgages work) and the government will then pay the bank interest for the next couple decades
you need to learn more about the whole promissory note(bonds):credit agreement/mortgages of how fiat is created
but in short. hyperledger is not some altcoin script kiddy venture. hyperledger is the bank/government R&D project for their own currency system(s)
