4 ms·
>But if the economy as a whole is growing, then it is possible for some of that growth to land in Bitcoin such that everyone with Bitcoin is better off than bef
by cuteboy19 4y ago
>But if the economy as a whole is growing, then it is possible for some of that growth to land in Bitcoin such that everyone with Bitcoin is better off than before, and nobody is worse
Not true. Value gain=Revenue-Costs. Revenue for Bitcoin as a whole is 0. Costs are positive. Therefore it is negative sum.
Compare with Coca cola stock. Revenue>Cost. So it is positive sum.
Notice that there is no "cosmological constant" term. The rest of the universe gaining or losing value has no bearing on a specific stock or crypto