There it is with that chexit meme again.  WTF is this?  Exactly what does it mean for "China" to "exit"  bitcoin?  Is China trapped inside bitcoin, sending messages in fortune cookies that I never get?  I question that it actually has a meaning.  I'm beginning to think that it is actually just a sequence of syllables computed to create some desirable emotions in the readers, but it doesn't actually *mean* anything.


I'm certainly don't want to imply that anything else you said made sense, but this is particularly incomprehensible to me. Miners will not sell coins unprofitably.  They will hoard them until they are profitable.  A miner who did otherwise would be bankrupt very quickly, and thus forced out of mining, in a word, non-miners.  I'm quite convinced that Impaler is not a miner.  If you were, you would quickly become a bankrupt non-miner.  I am a miner.  I hoard until my gains allow me to multiply the size of my mining operation.  In this way, I am constantly iterating to higher and higher cashflows.