I strongly disagree. If they make enough good business moves and have enough time, they can accumulate more capital via the investment of newly accumulated capital than the larger miner.
Especially if the larger miner is destroying capital value through inefficient allocation.
Forget mining for a moment.
Is the result of a painter deeply tied to the amount of capital he can invest in his work?
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Time, maybe.
I'm mentally tired from arguing in an other thread I won't continue here but I appreciated the back and forth. Thank you.
