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> supposedly there will be a lot less ETH being generated after the merge so each one will be worth more This has been hands-down the most ignorant view of the
by datalopers 4y ago
> supposedly there will be a lot less ETH being generated after the merge so each one will be worth more
This has been hands-down the most ignorant view of the ETH-merge proponents. The floor of the currency is tied to the cost to mine. There's minimal cost to mine now. The price will fall. It's not a supply vs demand problem.
- DennisP 4y ago> The floor of the currency is tied to the cost to mine. This is not true because of difficulty adjustment. If the price drops enough so miners are losing money, some of them quit, the difficulty adjusts downward, and the economics improve for the remaining miners.