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On the value of bitcoins: There was another discussion on hacker news, where I commented on the fact that bitcoins should have a higher value due to lost coins
by 1qaz2wsx3edc 13y ago
On the value of bitcoins:
There was another discussion on hacker news, where I commented on the fact that bitcoins should have a higher value due to lost coins: https://news.ycombinator.com/item?id=6859991 https://news.ycombinator.com/item?id=6859991
In that thread, @nl provides the most interesting look at bitcoins from the perspective of bitcoins as a part of GDP: https://news.ycombinator.com/item?id=6860024 https://news.ycombinator.com/item?id=6860024
Anywho, the value is largely speculative, but most indications seem to point to a long term growth.
- XorNot 13y agoWhat happens when the mining difficulty exceeds the cost of electricity to run the ASIC miners?
- wmf 13y agoIn theory, people will turn off miners and difficulty will reduce.
- 1qaz2wsx3edc 13y agoAlso, it puts the breaks on volume, which in theory should increase demand & become scarce commodity.