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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.
Before other fork takes place of BTC, it is better to keep BTC stable, or other non-bitcoin coins will win the maxinum shares.
Therefore we will have to prevent 300kB from being deployed in order to prevent ETH take the 1st place. BTC failure will be a disaster for all the bitcoin-like forks.