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Bitcoin is also designed to make future coins harder to mine, thus more expensive. The only incentive to sell bitcoin is if you think the entire thing is about

by mavhc 9y ago

Bitcoin is also designed to make future coins harder to mine, thus more expensive. The only incentive to sell bitcoin is if you think the entire thing is about to fail.

sanswork 9y ago
Bitcoin isn't really designed to do that. It is designed to increase difficulty with competition. If no one was interested in mining bitcoin it would be exactly the same difficulty to mine today as it was one day one.
- mavhc 9y ago
  Doesn't the reward halve every 210000 blocks?
  - sanswork 9y ago
    The size of the reward doesn't actually change the difficulty though.