Ceteris paribus, halvings double the cost of producing a single unit of a PoW-based #cryptomoney like $BTC or $ZEC.
Cost of production is important for commodities, as it sets the price floor at which a producer is willing to sell.
As argued here, I believe PoW-based #cryptomonies classify as commodities: static1.squarespace.com/static/5a479ee…
As argued here, I believe PoW-based #cryptomonies classify as commodities: static1.squarespace.com/static/5a479ee…
A halving's effect on price is a lagging one, driven by changes in miner economics and thereby the market structure of ASKS.
The earlier halvings are most material, as they represent a time when miners control more of the market structure.
We've seen it with $BTC, and expect to see it with $ZEC, now that #Zcash is through its 1st halving: nicehash.com/countdown/ZEC-…
We've seen it with $BTC, and expect to see it with $ZEC, now that #Zcash is through its 1st halving: nicehash.com/countdown/ZEC-…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
