Originally published at: Does this logic sound correct? (Reddit Bitcoin) – We Never See Nothing
So I’ve been thinking about this “number go up” technology and it got me thinking about future price implications based on mining profits. In the year 2056 the block reward will be 0.01220703. Today the block reward is 6.25, or in nominal dollar terms, equates to roughly $266,600 every block worth of value produced. To…