Popping the Crypto Bubble with Nicholas Weaver
Factually! with Adam Conover
00:00
The Death Spirale of Cryptocurrency
The new money going into the system has been drying up as though e rang, ok. And in order to compensate for this, the miners have been not able to sell insignificant quantities. So they've been accumulating bicoin and rium on their balance sheet and borrowing against it. Once you start liquidating, the price goes down, forcing even more people to liquidate. That's the death spiral. Lik behashearts: Is there some sort of future form that this takes a?
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