Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
In the debate you are having, although to some extent you come to an agreement that the price or purchasing power of bitcoin will have to flatten in the future, I am closer to JJG's thinking.
Well, of course it cannot grow indefinitely forever, but there is a pessimistic view of human growth exemplified by Malthus, and which at least for the moment has been proven wrong. He said that humans grow in geometric progression and food production in arithmetic progression, so that food shortages would not be long in coming due to lack of resources. When he was alive, there were 1 billion people on earth, today there are 7 billion who are generally much better fed and have a much higher standard of living in terms of consumption of goods and services.
But yes, I suppose there has to be a limit to growth and it cannot be infinite, what I doubt is whether we are putting how we imagine the limit very short.
Are you trying to say that bitcoin is "not" designed to pump forever?
I'm saying the planet isn't designed to pump forever Quote
Well, of course it cannot grow indefinitely forever, but there is a pessimistic view of human growth exemplified by Malthus, and which at least for the moment has been proven wrong. He said that humans grow in geometric progression and food production in arithmetic progression, so that food shortages would not be long in coming due to lack of resources. When he was alive, there were 1 billion people on earth, today there are 7 billion who are generally much better fed and have a much higher standard of living in terms of consumption of goods and services.
But yes, I suppose there has to be a limit to growth and it cannot be infinite, what I doubt is whether we are putting how we imagine the limit very short.