I'm interested in whether price follows hashrate or vice versa. have you seen anyone discussing this anywhere?
Actually, hashrate is following price. Most miners always put their hash power into the coin with highest profit. Which will cause hashrate always proportional to the price.
I don't think you yet fully absorbed the influence of subsidies in the bitcoin. No subsidies, no price/reward coupling for miners. And eventually, we need to get there, else inflation
Agreed. Also BSV is a good example that price does not follow hash rate. They have mined with a big deficit for months.
And PoW is integral of historical price. If BCH want to overtake BTC in PoW, it will have to have a higher integral of price than BTC.
