Important report comes out that inflation is pretty bad (USD)..
Bitcoin dumps off a cliff..
This is the exact opposite of what Bitcoin is supposed to do..
Has Bitcoin strayed too far from its purpose?
Bitcoin dumps off a cliff..
This is the exact opposite of what Bitcoin is supposed to do..
Has Bitcoin strayed too far from its purpose?
Bitcoin Proof of Waste design can't handle the energy inflation price increases.
Proof of Stake coins outperform BTC PoW design for lower costs and are not susceptible to extreme increases in energy prices.
PoW is dragging BTC down, and venture capitalists are not around this time to pull btc out of the danger zone.
So is this time going to be different from all of the others,
Yep, energy costs have never tripled on it weak PoW design before.
