Best post I read on here today.
I don't have any numbers, but what are the annual maintenance costs of the current fiat system in comparison? Probably not 9% like with bitcoin today, but definitely not zero either (banks, vaults, security systems, ATMs, personnel, printing bank notes, minting coins, credit card fraud, insurances etc.)? Sum it up and you will know how many more halvings until break even. Just a thought.
Don't forget prisons and police as part of the cost.
I actually don't fear the power cost/difficulty = bust .
I do fear lack of demand due to public's perceptions of BTC = low price = bust out.I think public perceptions is important aswell if we want acceptance by majority of people. Things such as silk road, illegal uses that paid for by btc is bad for us normal users. The news will pick up on btc and make it sound like a bad thing.
In the end btc is just like fiat money it is not good or bad, but it can be used for good or bad things. But new places focus on btc's negative aspects most of the time when reporting.