Post
Topic
Board Economics
Re: A long term fundamental analysis of bitcoin
by
johnyj
on 21/04/2013, 00:02:21 UTC
Bitcoin is almost a perfect store of value due to its technology advantage and limited supply

Wait... What?

Your store of value is about to eat 50% of its value in mining costs in the next 4 years.  The bitcoin network is a terribly expensive network to run, at least for now.  It's a really poor store of value.

Everything that can act as a store of value will ultimately be generated by certain amount of effort (energy), that's the reason when gold price was very low, there were many miners shutdown the mine