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by loceng 3292 days ago
What about the buying power transfer issue? If Bitcoin is valued at $50 and then you pay $100, every single coin before your purchase has been bumped up by 100% value - and it will be future people that are paying for that, that money (someone's time/effort or resources) don't just magically get generated. This is only stable if there is continuous adoption and I wonder what the end point looks like for the 'late' adopters.