My only hope now is the collapse of mining doesn't cause the collapse of bitcoin.
bitcoin worked fine ~$100 last summer.. I wouldn't mind it going back down to screw these apes
there will be a lot more selling pressure of bitcoin than buying and the fees will just increase.
You've given me something to live for!
It makes more sense that the collapse of mining will be the beginning of Bitcoin. Once people can no longer print their own money it starts to become legit.
I like your thinking. That narrative makes for an interesting future history for Bitcoin.
But don't we need continued, uninterrupted hashing of the Blockchain to keep it viable? There is a possible lesson to learn here. Don't throw out your old mining gear when it becomes obsolete. We may need to plug them back in someday to rescue Bitcoin from collapse.