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Right. It's scaled up. I suppose that if people became suddenly interested in old stamps to the tune of billions of dollars, stamp-dealing would also start comp
by ridaj 6y ago
Right. It's scaled up. I suppose that if people became suddenly interested in old stamps to the tune of billions of dollars, stamp-dealing would also start competing for resources with the rest of the economy.
- sesuximo 6y agoI think that’s wrong for a few reasons.... - a stamp uses a small amount of resources no matter how many stamps you want (more stamps may even be cheaper from economies of scale). - Bitcoin inherently relies on expensive computation to provide safety - each Bitcoin is more expensive than the last due to increasingly difficult nonces. - (dumb edge case) you can’t make old stamps so it’s hard to image using a lot of resources to find/make them. Obv not true for other products
- bawolff 6y ago> each Bitcoin is more expensive than the last due to increasingly difficult nonces. Bitcoin difficulty can change in either direction.