Coinbase CEO Brian Armstrong: Hash Power Doesn’t Determine Bitcoin’s Price
Covered by 2 sources · 2 articles
2 outlets - including Crypto-economy and Bitcoin - are covering this story. TL;DR: Brian Armstrong explained that changes in the network’s computing power do not dictate the asset’s market price. The Bitcoin protocol mechanically adjusts its mining difficulty every 2,016 blocks to maintain a constant issuance rate.…
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Brian Armstrong Says Bitcoin’s Price Isn’t Determined by Hash Rate
TL;DR: Brian Armstrong explained that changes in the network’s computing power do not dictate the asset’s market price. The Bitcoin protocol mechanically adjusts its mining difficulty every 2,016 blocks to maintain a constant issuance rate.…
Coinbase CEO Brian Armstrong: Hash Power Doesn’t Determine Bitcoin’s Price
Coinbase CEO Brian Armstrong pushed back on Sunday against fears that miners defecting to artificial intelligence (AI) threaten bitcoin, arguing the network’s built-in difficulty adjustment keeps blocks flowing no matter how much hash power…