nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe Given "prices fall to the marginal cost of production" dosen't bitcoin go to infinty and cost us only as much as we think it should?
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Kind of - What it means is that the “real” value of #Bitcoin goes to infinity even as energy and processing/or the cost to produce Bitcoin falls.
1 bitcoin equals 1 bitcoin
Ie - everything else would fall in price faster.
yes, so I think I was thinking very long term here, wild futurism. So mining and saving bitcoin is attainable for people who realy want it, but its still competitive due to difficulty adjustment and an open market. In this kind of hyper bitcoinised post scarcity world, the real value of bitcoin continues up related to "agregate productivity" x "human factors", and people might just get the price that they deserve.