Isn't the future viability of a system irrelevant when you're trying to game it for money at today's price?
Does a "vested interest in high prices" stop anyone from gaming any economy, or is it a vested interest in current high prices that causes them to?
I would think miners have an interest in their profitability which happens to be exponentially squandered every day as hashing power joins the network, and every two weeks as difficulty is re-calculated.
Does a "vested interest in high prices" stop anyone from gaming any economy, or is it a vested interest in current high prices that causes them to?
I would think miners have an interest in their profitability which happens to be exponentially squandered every day as hashing power joins the network, and every two weeks as difficulty is re-calculated.