3 ms·
Do you have a sense of what that depreciation factor is? If it’s nearly equivalent to overall population growth, it may not matter. (For what it’s worth, I’m
by iambateman 6y ago
Do you have a sense of what that depreciation factor is?
If it’s nearly equivalent to overall population growth, it may not matter.
(For what it’s worth, I’m with you for the most part. Just curious. I’ve been short-term wrong on BTC since $102 and I’m trying to figure out if I’m long-term wrong as well.)
- naravara 6y ago> For what it’s worth, I’m with you for the most part. Just curious. I’ve been short-term wrong on BTC since $102 and I’m trying to figure out if I’m long-term wrong as well.) It has managed to outdistance both the dotcom bubble and the housing bubble at this point. Although the tulip bubble went from the 1590s to the 1630s, so there is some precedent for these boondoggles to run for a surprisingly long time before gravity catches up.
- pyrale 6y agoSomeone else quoted $10B worth of electricity yearly, at current price. Given that number, and knowing that it evolves with market cap, that's about 1% depreciation/year.