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But price appreciation is also exponential
by delaaxe 6y ago
But price appreciation is also exponential
- andruby 6y agoThat can’t stay that way, at least not in real terms (taking inflation into account)
- mumblemumble 6y agoAlthough that would arguably put Bitcoin in the same deflation trap that led to the collapse of the gold standard. A money supply that grows more slowly than the economy that rests on top of it just might be the stuff that Malthusian dreams are made of.
- woobilicious 6y agoThe gold standard was the least of the Bretton Woods Era problems. I also wouldn't call this new fiat regime with rising property prices and stagnant wages as a "net win" over Bretton-Woods, the gold standard was probably the only thing keeping the federal spending under control, and real wage growth up.
- wmf 6y agoPrice appreciation has to stop at some point. I doubt the price will rise to $10M after the 2028 halving so miners will be under substantial pressure by that time.