4 ms·
> "Fools eventually will no longer be created at a rate sufficient enough to sustain current prices." The world population has been increasing by between 1.05%
by astoor 5y ago
> "Fools eventually will no longer be created at a rate sufficient enough to sustain current prices."
The world population has been increasing by between 1.05% and 2.2% per year over the past 50 years[0]. Remember also that faith in cryptocurrency operates in the same way as the spread of infectious diseases[1], so some previously infected hosts can lose immunity over time and become reinfected.
[0] https://ourworldindata.org/world-population-growth https://ourworldindata.org/world-population-growth
[1] https://www.theguardian.com/technology/2018/apr/10/bitcoin-soaring-value-buyers-infectious-disease-barclays-economists-say https://www.theguardian.com/technology/2018/apr/10/bitcoin-s...