Jimmy Song: Hash rate movement depends on market price clarity for BIP110 coins

Jimmy Song: Hash rate movement depends on market price clarity for BIP110 coins
Hash rate follows price signals for BIP110

Jimmy Song, bitcoin educator, developer, and entrepreneur, highlights that hash rate follows price trends in the absence of prices.

He explains that as long as the market price for BIP110 coins remains unknown, significant economic activity on the relevant blockchain is unlikely.

Song recently noted that the BIP110 chain is filtering spam from blocks ahead of RDTS activation, impacting transaction patterns on the network. In a separate observation, he reported that Korean Bitcoin maximalists were not affected by the ColdCard saga due to their use of dice rolls. These comments add context to his ongoing analysis of blockchain activity and network behavior.

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