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Re:Coinbase valued above $100B, ahead of direct listing by graeme on Saturday February 20, 2021 @12:28PM (#26205966)
At $5 million, at current mining rates, it would cost $1.7 trillion dollars per year in energy and equipment costs to run the network. That is fresh capital that needs to be shovelled in and burned each and every year.

Not to increase the price, just to maintain the network. What is the network doing that would justify that investment?

After halving the cost would drop to $850 billion a year but still.

Re:Coinbase valued above $100B, ahead of direct listing by solosoyokaze on Saturday February 20, 2021 @12:57PM (#26206232)
It doesn't really make sense to measure this in USD if one of the major hypothesis driving Bitcoin is that USD is being hyper inflated. Yeah, it might cost $1.7 trillion dollars but at that point a 3bd house might cost $5M. If you're going to pin BTC to USD, you need to use inflation adjusted numbers.
Re:Coinbase valued above $100B, ahead of direct listing by dragonwriter on Saturday February 20, 2021 @01:34PM (#26206541)
> It doesn't really make sense to measure this in USD if one of the major hypothesis driving Bitcoin is that USD is being hyper inflated

“USD is being hyperinflated” is an easily falsiable (and obviously false) statement, so basing anything on it is nonsense.

(That it is imminently going to slide into hyperinflation is less easily falsified, which is why that is actually the perennial cry of cryptobugs, as it was for goldbugs—sometimes, the exact same people—before then.)

Re:Coinbase valued above $100B, ahead of direct listing by solosoyokaze on Saturday February 20, 2021 @01:38PM (#26206582)
Isn’t it easy to verify? How much did a house cost 20 years ago? A 4 year college degree? How much were you paying per month for health insurance in the 90s? Salaries have not kept up. They’ve been amazingly static my entire life.
Re:Coinbase valued above $100B, ahead of direct listing by dragonwriter on Saturday February 20, 2021 @02:06PM (#26206844)
You've mentioned three items that have experienced specific inflation at higher than the general rate of inflation (but even then mostly not at rates anywhere in the remote neighborhood that would qualify as hyperinflation [> +50%/month] even if they were the rate of general inflation.)

So,yeah, when even the rapidly inflating segments aren't anywhere close to hyperinflation, it's pretty clearly not general hyperinflation.

And stagnant wages are a completely unrelated issue to hyperinflation, though obviously wage increases mitigate and wage stagnation or decline exacerbates the effect of whatever inflation there is on wage earners.

Re:Coinbase valued above $100B, ahead of direct listing by anm89 on Saturday February 20, 2021 @02:27PM (#26207021)
They also just listed the set of the largest expenses for a vast majority of our society (even if you don't pay for education)
Re:Coinbase valued above $100B, ahead of direct listing by dragonwriter on Saturday February 20, 2021 @02:55PM (#26207238)
> They also just listed the set of the largest expenses for a vast majority of our society

Buying a house is an asset acquisition, not an expense. Housing is an expense (and typically the single greatest household expenses), but that expense has increased in price less than home prices.

The next greatest expenses are food and transportation.

Re:Coinbase valued above $100B, ahead of direct listing by graeme on Saturday February 20, 2021 @04:42PM (#26208242)
Further people are buying more housing than they used to.

If people buy four household computers that isn’t inflation, but how does buying a 4 bedroom home rather than two bedroom show in inflation stats?