alt Hacker NewsQuite profitable at commodity prices? I don’t buy that. And all of them are building with debt / equity that expects high token prices?
Quite profitable at commodity prices? I don’t buy that. And all of them are building with debt / equity that expects high token prices?
After bankruptcy they likely have no debt, so can out-compete those that didn't go through bankruptcy. It's the bankruptcy that makes them profitable -- it's a common pattern in nascent commodity industries.