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There was a time when the Bitcoin price was zero, yet people spent computer time mining it. So the answer to your question is never, a Bitcoin death spiral can
by 21 8y ago
There was a time when the Bitcoin price was zero, yet people spent computer time mining it.
So the answer to your question is never, a Bitcoin death spiral can not occur.
- onion2k 8y agoYou're right in the sense that there'll always be a few hundred interested people mining Bitcoin for fun, but that's not very useful information. "Actually dead" and "effectively dead" might as well be synonyms in this case.