> While this is sad, this is a self correcting problem. Miners and other people using bitcoins are going to get tired at some point of the loss from buying all

> While this is sad, this is a self correcting problem. Miners and other people using bitcoins are going to get tired at some point of the loss from buying all this energy to keep their bitcoin assets going. Except with deflating nature of BTC, and no accurate price prediction models, people always assume their BTC will be worth mor, so they justify mining at a loss currently for future speculative value. Not to mention this exact statement has been parroted while BTC move from CPU, to GPU, and finally to ASICs. There has always been someone there saying it’ll correct, except it never has.