re: Official CryptoTalk Thread

The bitcoin mining difficulty is self correcting though, at least in theory.

If mining is too expensive, people doing it at a loss obviously quit doing it, but the more people that quit doing it, the easier mining gets and thus the more cost effective it becomes again.

Even if bitcoin fades into being a novelty again trading for a few bucks, there will still be people mining it hoping that one day it will go back up. I mean that's how bitcoin operated for years in the beginning.