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The argument about POW energy is overblown. There's an exponential decay of rewards of mining BTC (50% every 4 years). Do you think the price of BTC will incr
by iabacu 5y ago
The argument about POW energy is overblown.
There's an exponential decay of rewards of mining BTC (50% every 4 years).
Do you think the price of BTC will increase exponentially, faster than the decay over the long term? I don't think so.
This implies that the energy consumption of bitcoin mining will eventually decay exponentially too.