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92.5% of all the bitcoin has officially been mined. Only 7.5% left. (www.youtube.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 years ago

You are correct on the initial model, and I wasn't really clear.

I think there's been a proliferation of the ledger beyond what the original design spec accounted for (exchanges) and it's going to require an amount of horsepower to move currency at an escalating level, while also scalping more on the moves of that currency.

It's easy to imagine a universe it's the large holders financing the machines to avoid total collapse and propping up the ledger. What's not is how parity comes to pass.