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You are implying this with continued price increase despite the system being unsustainable.
no, I never implied this. You made the assumption yourself. The timeline is not black and white. It is a long, gradual process in which our resources are used up at an exponentially rapid rate. No big concepts to grab, pretty simple..
YES YOU DID.
people won't stop mining though if the bitcoin price keeps going up.
if we see a $100,000 bitcoin, we're in big trouble with everybody raping energy resources to mine
Why would the price keep going up, if the system is unstainable.
You are implying that market participants BUY DESPITE THE SYTEM BEING UNSUSTAINABLE.
Thus they must be STUPID.
You are implying that market participants ARE MORONS.
I would never imply that the market participants are morons. Not at all. We all want a piece of this wonderful boom.
The system does not "appear completely sustainable" one day, and not the next
it is rather a long and drawn out process. You just need to think outside the box a little.
Now you saying that a unsustainable system BOOMS is absurd.
Me no understand ur english. Come again?
This is not absurd, it is just simple acknowledgement that difficulty is going up faster than our resources can handle it.
The bolded part is you stating that Bitcoin is not SCALABLE.
You STATING THAT A SYSTEM THAT IS NOT SCALABLE WILL CONTINUE TO SCALE IS ABSURD.
MARKET PARTICIPANTS WOULD FIGURE OUT THAT THEY ARE RUNNING TOWARDS THE EDGE OF A CLIFF.
END OF DISCUSSION.
I've warned you to stop trying to convince him of actual facts.
This is what you get for feeding a troll.
