The idea is that miners have enough
financial dry powder that they can stomach any drops in the block subsidy as the market tries to determine the new price of bitcoin with supply cut in half.
The idea is that miners have enough
financial dry powder that they can stomach any drops in the block subsidy as the market tries to determine the new price of bitcoin with supply cut in half.
Not exact matches
Second, when this happens, they are your
financial and emotional
dry powder.
The option / opportunity cost for
dry powder (bonds vs. cash) is extremely cheap — with that said, it has been cheap for quite some time, and could stay cheap for much longer, BUT, one who exercises that option has left very little on the table, certainly nothing material in terms of
financial security / wealth.
Fidler is favored to win this contest, and despite their considerable
financial edge over the Democrats, the Republicans are likely to keep their
powder dry on this race unless internal polls show the odds improving for Storobin as election day nears.
As the Australian
Financial Review (AFR) reported last week, at the end of 2017, the global PE industry was, «sitting on a record level of
dry powder of $ US633 billion.»