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About the volatility of cryptocurrency. Shouldn't this even out when mining becomes too expensive and enough people adopted a cryptocurrency? Like, aren't we
by k__ 6y ago
About the volatility of cryptocurrency.
Shouldn't this even out when mining becomes too expensive and enough people adopted a cryptocurrency?
Like, aren't we simply too early for making sense of it all?
- UShouldBWorking 6y ago1) It's been around for 12 years Bitcoin and cryptocurrency is old technology at this point. 2) what does the phrase mining becomes too expensive mean? Satoshi always envisioned that mining would be taken up by big firms and specialty miners not individuals. 3) price volatility has nothing to do with the size of adoption every single person on Earth could be using Bitcoin and it wouldn't make it any less volatile. Maybe if major retailers decided to price things in terms of Bitcoin that could help but that will probably never happen.