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How is it a rambling article? The author has an opinion and articulates it. It could be wrong, but that doesn't make it a ramble. To me, it seems like an inter
by locallost 4y ago
How is it a rambling article? The author has an opinion and articulates it. It could be wrong, but that doesn't make it a ramble.
To me, it seems like an interesting take and makes a lot of sense. If the network is kept running by miners, and they need a certain price to make it profitable, then the price needs to keep going up as the rewards halve. Seems straightforward. It's also made clear that the price will eventually need to be astronomical. The second argument is that the price will need to go up even more, since the hashrate will need to go up as well, plus electricity prices will also go up. I wouldn't mind hearing where the author is wrong here.
The argument about Ethereum I am less interested in.