Post
Topic
Board Economics
Re: Price leads hashrate not vice versa! (heck price leads everything!)
by
blazespinnaker
on 16/04/2013, 11:25:35 UTC
Transaction fees leads fundamental value of the bitcoin.    You can fake bitcoin destroyed days or number of transactions, but why would you fake transaction fees?   Not sure anyone is that dumb.

Not sure of about price being lead or leading though, that's some particularly crazy number subject to the madness of crowds.