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by AlexandrB 782 days ago
This is also why industries like Bitcoin mining can be so corrosive. You can't stabilize the price of a commodity like energy if there's an entity that can generate nearly infinite demand.
1 comments
bequanna 782 days ago
Well, the rewards for Bitcoin mining are zero-sum so the demand will never really be infinite as the miners need some amount of profitability.
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AlexandrB 782 days ago
Fair enough. Though as long as the price of bitcoin continues to increase demand for compute can continue increasing as well.
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bequanna 782 days ago
Right, but I believe halving of rewards also keeps the compute growth in check somewhat.

I suppose it just depends on how BTC price increases vs the halving timeline.

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