Viewing a response to: @timeshiftarts/re-yabapmatt-re-timeshiftarts-re-yabapmatt-what-is-the-underlying-value-of-bitcoin-20170920t152431295z
Yes centralized mining is definitely a big risk for Bitcoin but I think once things shake out and prices stabilize and rewards decrease it will no longer be as profitable to set up multi-million dollar mining facilities and that it will go back to being more decentralized. The only questions are will it last that long and at what price will it stabilize?
| author | yabapmatt |
|---|---|
| permlink | re-timeshiftarts-re-yabapmatt-re-timeshiftarts-re-yabapmatt-what-is-the-underlying-value-of-bitcoin-20170920t161621499z |
| category | bitcoin |
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I think it will last. As for the stabilization price, it's anyone's guess. If investors think of it as a transaction asset, it may keep pace with inflation. If not, anything goes.
| author | timeshiftarts |
|---|---|
| permlink | re-yabapmatt-re-timeshiftarts-re-yabapmatt-re-timeshiftarts-re-yabapmatt-what-is-the-underlying-value-of-bitcoin-20170920t232426406z |
| category | bitcoin |
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