Let’s take BTC as an example. BTC, is basically a combination of 3 things:
Gaëtan Voyer-Perrault
31

So BTC will forever require more electricity and therefore its cost will forever rise

You are totally ignoring demand here. Are you essentially saying that buyers will keep piling in in the belief that price can only increase in the long run?

Demand Response inherently means that you have some form of inflation.

I think you are hinting at demurrage? which I think is interesting particularly in the early days, though it may impact market depth and liquidity.

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