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A comment on The Bitcoin bubble – Greater fool theory. Parent comment

Re:The Bitcoin bubble – Greater fool theory by adrianveidt on Thursday November 09, 2017 @11:00AM (#15663450)
PoW costs money. As PoW difficulty increases, and mining reward decreases, it makes sense for value to increase to make it sustainable.
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Re:The Bitcoin bubble – Greater fool theory by ufo on Thursday November 09, 2017 @12:26PM (#15664142)
Bitcoin's price is determined by supply and demand, not by the mining reward curve. But yes, Bitcoin would need an exponentially increasing price to be sustainable in the long term without higher transaction fees.
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