This isn't an unintended consequence either, Bitcoin is literally programmed this way for this specific end The manifesto describes the whole idea behind proof-of-work forcing BTC to remain scarce - as demand increases the difficulty of mining must increasehttps://twitter.com/TheEpicDept/status/1370080959240998920 …
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Well, it's supposed to pay out less and less value over time so that mining becomes less attractive. If every miner but one dropped out tomorrow the difficulty would adjust itself down to that miner's capabilities. It's not like *this* amount of energy usage is a given.
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But the incentives are lining up in a pretty terrible way. :/
End of conversation
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I'm convinced that at some point in the next few years someone, somewhere, will find a way to hack it and give themselves infinite bitcoin, and it will all be worthless. It's secure *now*, but technology develops very quickly and unpredictably. It's only a matter of time.
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Eventually it does run out of bitcoins to mine, but the supposedly transaction fees are supposed to sustain the system
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