Miners “Behave” During Bitcoin Bloodshed, Continue To Hold

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One of the most amazing things about Bitcoin is how well placed the economic incentives are. How perfectly they work to keep the ecosystem flowing. Some of those incentives are so sophisticated, that it took crypto-enthusiasts a couple of cycles to really understand them. And it seems like the miners learned from the past and are holding the line with the rest of us. Using a chart titled “Bitcoin: Trafic Volume from Miners to Exchanges,” Lex Moskovski chips in: Some people are trying to blame miners for this sell-off. But they have zero interest to kill #Bitcoin momentum. So they behaved this time. pic.twitter.com/jDIIOPadK2 — Lex Moskovski (@mskvsk) April 23, 2021 We know mining is a costly enterprise and that, those who do it, have to sell their stock in order to invest in their business and remain competitive. Nevertheless, there’s a time and a place for everything, and the…

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