What exactly is the shutdown price? Every time the price of BTC plummets, someone always jumps out and says "shutdown price", as if it is the iron bottom of the market. Is this logic reliable? Miners are our enemies Miners are like our common enemy. Every coin they dig out may become a mountain pressing on our heads in the future. The dual role of miners Although miners support the Bitcoin network, they have no positive effect on the price of the currency. The third world model of Bitcoin It is appropriate to understand Bitcoin with the "third world" social model. The blockchain does not need so many miners, just like society does not need so many "demographic dividends". Miners regard the "shutdown price" as the bottom line of the market and think it can support the market. Just like many takeaway brothers and their families have saved their life savings, and when they encounter a rugged situation, they think someone will save them. The blockchain model for the secondary market The most extreme "secondary-oriented" blockchain model should be: When miners are needed, they work hard to mine. When miners are not needed, they directly switch to a coinless blockchain to control liquidity and push up the price of the currency in the secondary market. The same is true for society: When labor is needed, you work hard and become a good employee. When there are too many elderly people, use various means to reduce the number of people who “dump the market”. When there are too many young people, use economic regulation to make them unemployed and replace them with AI, because AI does not need to eat and will not have negative emotions. The truth about the shutdown price: only the top bookmakers can really make a profit, while ordinary miners and society are just victims.#BTC#encryptiontruth #shutdownprice