Bitcoin needs mining, it doesn't need profit-seeking, shareholder-beholden, public companies to do it. Indeed that cohort is desperately seeking higher returns in AI.
It will be the holders, large and small, who will mine at a loss, to avoid the loss of the service they will, some already do, come to depend on.
And frankly, I just don't trust Lopp at all any more, if you want an easy dismissal of the idea that free riding on block bonus and miner greed will be over.
Bitcoin needs mining, it doesn't need profit-seeking, shareholder-beholden, public companies to do it. Indeed that cohort is desperately seeking higher returns in AI.
It will be the holders, large and small, who will mine at a loss, to avoid the loss of the service they will, some already do, come to depend on.
And frankly, I just don't trust Lopp at all any more, if you want an easy dismissal of the idea that free riding on block bonus and miner greed will be over.