Bitcoin

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 leaves. The Argument Armstrong made the case in a post on X, wading into a debate that flared the same day…

Coinbase CEO Brian Armstrong Standing With ColleaguesCoinbase 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 leaves. The Argument Armstrong made the case in a post on X, wading into a debate that flared the same day […]

Source: https://news.bitcoin.com/brian-armstrong-hash-power-bitcoin-price/