/biz/ - Business & Finance

>>510429
I'm not extremely pro or anti bitcoin, but this post caught my attention. Could this be a genuine stumbling block to bitcoin being used a currency (instead of fiat)? I think your reasoning might be flawed because if a company's stock was listed in bitcoin rather than dollars, just as inflation reduces a companies real value, bitcoins deflation would increase it, neutralising the benefit of hoarding rather than benefiting from deflation and a company's growth. Might be wrong, let me know.

>>504189

Mining is a huge inflationary pressure that's going to drive the price down in the future. Most of the fixed costs are the purchase of the equipment rather than electricity, cooling, etc. As a result, there will be plenty of people stuck with mining rigs that are uneconomical to buy or sell but not to run, and so they'll just run them on full power mining coins and flooding the supply.

It's a classic example of the tragedy of the commons- it would be better for everyone mining if fewer people mined with less power, but it's never beneficial for any individual to mine less once they've got their shit, so everybody just keeps mining more and more no matter where the price goes.

>>495503
Underrated post in a sea of shills.

>>486007