Post
Topic
Board Economics
Re: We're printing too many bitcoins
by
xcooling
on 02/08/2011, 21:39:49 UTC
I see 2 options:

Difficulty increases ... Miners earn less btc and bitcoins take longer to generate.. less new btc on the market.

Market value continues to drop .. mining no longer becomes profitable.. less new btc on the marker

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What we really need is a secure and easy payment service to rival paypal.

Average joe and jill need to be able to use bitcoins not just techies.

right now supply outweighs demand.