That is the problem but btc it's definitely not sustainable. Fees are going to go high for them. Core might even change software to screw them lie they did vitalik.
Actually, hashrate is following price. Most miners always put their hash power into the coin with highest profit. Which will cause hashrate always proportional to the price.
BSV isn't really even a decentralized network, mining is being led by Coingeek/Nchain and price is suffering because having a blockchain ruled by one firm defeats the whole purpose
I don't think you yet fully absorbed the influence of subsidies in the bitcoin. No subsidies, no price/reward coupling for miners. And eventually, we need to get there, else inflation
It's hard to find thse days with so many lambo moonboys permeating crypto. I mostly talk in mining communities to find discussion of these kinds of economics
IMO price follows hashrate, since hash represents longer-term investment into coins w/ ASICs. Also makes sense why Core works against miners so much, if they're trying to kill Bitcoin
There are plenty of projects with a functional product, saying it's entirely speculation is provably false. Hashrate represents resources and hardware being invested into a blockchain
Probably because you've been shitposting on internet message boards flooded with memes and price updates instead of following developer or miner channels
Having a stake because you believe that these networks have a future and will be useful is different to buying it hoping that some sucker will buy it off you higher.
but we could spend a lot of money increasing hashrate & not change price right? Seems people only care about hash (& thus security) far down the line. maybe neither is leading.
In the past, when hashrate has flipped to BCH it has caused serious price spikes. You can say that these aren't related, but it usually spikes when new miners are announced too
Even though BCH has less of the hashrate, it's still a more resilient network as it's not prone to develop backlogs and won't shit itself if a considerable amount of miners leave it.
Past hashrate spikes on BCH have just lead to price spikes and the attraction of more honest miners. I don't think that a 51% attack is a concern at this point, look at the last fork