2 ms·
It seems to me, with a finite supply and limited usage, it has to either keep increasing forever or crash, right? Finite supply and an uptake in usage as an ac
by jbooth 14y ago
It seems to me, with a finite supply and limited usage, it has to either keep increasing forever or crash, right?
Finite supply and an uptake in usage as an actual currency (aka something different than what 90% of the players seem to be doing) would mean an increase in demand causing prices to continue to rise with adoption (which could spell some problems with adoption, but not necessarily insurmountable ones).
Meanwhile, if adoption as an actual currency never takes off, then eventually the whole thing's gotta fall over, right? So it's either continual price rises or a big crash? What are the other scenarios?
All of this talk about the nature of currencies when it's clear that 90% of the activity is treating it as a speculative asset seems silly to me. Either it transitions to a currency (which is more about usage than price), or it doesn't and eventually crashes.