No. False design. Inflation. Miners can't change the number of coins they mine, not their fault at all.
You are a god damn fool.
These corporations are setting up shop pumping out more bitcoin than they even have a demand for.
you are the fool for not knowing more hashrate doesn't produce more coins. The inflation of 3600 coins every 24hours is a hard number and does only change every 4 years. Hashrate has nothing to do with the emission.
Bitcoins design is faulty from economic standpoint. Logical mistakes in it. Inflation kills it.
While the coin generation is slower than before because of halving. I think he does have a point though - in the past, individual miners mine the coin - quite a lot of them keep the coins. Now, corporation is mining the coin, but they are dumping it.
miners need to be able to sell their coins. Why mine otherwise?
Miners do wield too much power in the market this late in the game. But it's not their fault for selling what they produce. The fault is inherent to bitcoins' high emission of new coins.
Miners should not be such a great force in the market to not drag the price down but in bitcoin they are that's why it always will drop back down. Bitcoin isn't scarce at all so it has not much value. It's a totally overhyped coin.
