@ErdoganTalk
The soundness, the essential feature of the money that we want. It is the *cost* of mining that adjusts to the coin price, not the other way round. It is a common fallacy to believe that the price comes from the cost to produce something, it is called the labour theory of value, and it has been shown to be wrong. This is demonstrated clearly with bitcoin, which is a rather clean experiment, because it adjusts so quickly. The market finds the right price with someone offering…