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Old 07-15-2017, 10:02 AM
SamuelA is offline
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Join Date: Feb 2017
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Quote:
Originally Posted by Francis Vaughan View Post
I suspect that this is actually what will happen. Mining will become unprofitable, even in the face of the speculative margin that props up the current value does, and as you say..

However IMHO the entire edifice won't survive once the prices stall.

Which may mean we are already past the tipping point where it all unravels.

Assuming there is some other economic driver that keeps the system alive.
Read my post above. I already assume mining is almost meaningless at this point, and the current value is being propped for a different reason (delay times in escrow for black market transactions). Also, each bittcoin transaction now pays the miners a fee of about $1.

Last edited by SamuelA; 07-15-2017 at 10:02 AM.