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I disagree, crypto incentivizes to add more miners such that equipment + electricity = revenue so there is no profit. Stock buybacks effectively transfer incom
by mrep 5y ago
I disagree, crypto incentivizes to add more miners such that equipment + electricity = revenue so there is no profit. Stock buybacks effectively transfer income into the share price so that when you sell your stock it will be for a higher price and thus you will make a profit.
- DennisP 5y agoBut most of the fee revenue isn't going to the miners, it's being destroyed. And sometime in the first half of next year there won't be any miners; with the reduced issuance, the ETH supply will begin to shrink.