@TinyBeaches Increasing density always increases prices.
Examples abound around the globe, expecting different outcomes here is insanity.
Prices are high due to many factors, but currently dominated by deliberate choices to rapidly increase population through immigration.
@DerekMondelli@djgeiger@MonkaiB@ScottAdamsSays Even if you don’t agree, if enough people who control inputs of power production do agree, then It doesn’t matter because it will become true as those people create the market. Market depth and liquidity improves with adoption/speculation & transaction volume
@DerekMondelli@djgeiger@MonkaiB@ScottAdamsSays Interestingly I think Doug is interpreting this correctly. People argue BTC is stored energy. If you think of it from a synthetic standpoint it almost makes sense. (it takes energy to make new btc -> 1 btc that already exists should equal the marginal cost of the next one)
@mortimer_1 Change max amortization period to 15 years and prices will correct relatively quickly. It’s time for the demand side of the equation to get adjusted down. But instead, next week they will probably do something to stimulate demand.
@IIICapital@NEATCOINS Close but misses the mechanism. Natural supply is cut in half, miners would sell more if they could (min amount is op cost, but capex & roc invested are factors). However they only have half as much available to sell (supply curve shifts down) & all else equal prices rise
We have a moral obligation to understand the physics of our energy economy because it is the basis of all wealth, prosperity, and abundance in your life, and the lives of all future generations.