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> BTC/ETH are 0-sum games, so on average nobody earns a dime of interest I would argue it is actually negative sum as billions of dollars worth is newly minted

by mrep 7y ago

> BTC/ETH are 0-sum games, so on average nobody earns a dime of interest I would argue it is actually negative sum as billions of dollars worth is newly minted every year and a lot of that inevitability has to be sold to pay the miners electricity bills. I'm honestly shocked they haven't collapsed due to the never ending supply side pressure requiring billions of dollars worth of capital inflow every year.

leppr 7y ago
The supply of Bitcoin is by design not "never ending" [1]. The future inflation rate is known and trending towards 0, eventually turning BTC deflationary. [1] https://medium.com/@k_schellinger/understanding-bitcoins-21-million-limit-310297a7d962 https://medium.com/@k_schellinger/understanding-bitcoins-21-...
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DennisP 7y ago
That will change on Ethereum when they finish rolling out proof of stake.