It's not a counter thought. It's a statement of the bleedin' obvious. However, the difficulty adjustment keeps prices and costs in line with each other to discourage miners from dropping out. Assuming this holds, breakeven cost can be used to predict price.
Agree. Tho, fee market economics are in play before 21m emission. New trends/loops forming now. See mempool and fee market & volatility last 10 months. The bootstrapping will continue but fade, & organic market forces will continue to build atop the entropically favorable path
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I don't think that path will be on another blockchain. No other PoW is near competitive, and PoS is a genius scam I wont engage here. No bets on core or what we currently call
$btc, but some branch of bitcoin will prevail.https://twitter.com/FluidFluxation/status/991126891389169664?s=20 …
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the real competition to Bitcoin is not in the cryptocurrency world.
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Agree entirely
End of conversation
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Oh, I completely agree. Imho the fee market dynamics are already problematic.
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The community is confused and problematic. The fee market is just a mirror/abstract. Its protocoligorically accurate and attuned.
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hah, that's true. Bitcoin's dynamics reflect its community.
End of conversation
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