Hacker News new | ask | show | jobs
by npoc 830 days ago
That's right. Ultimately it will always go up (over the long term) when priced in any other asset even if no additional net value is stored in it. Which of course generates more even demand. On top of that, every ~4 years the issuance (roughly the steady-state supply) halves and no matter how hard miners try, they can't mine any more - the harder they try, the harder it gets. Mankind has never seen anything like that before.