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Pittsburg, Kansas | Denninger brought up the problem of the cost of operation for the miners.
According to him, not me, with the recent drop on price of Bitcoin and increasing price of electricity, at some point the last Bitcoins become uneconomical to mine.
The way he explains it is it is the miners that pay for the infrastructure to keep the coin information of who owns what.
What happens if the miners go defunct and shut down some or all of the mining operations because it ceases to be profitable? Will someone step in and cover the cost of a clearing house? Will there be a fee associated with a transaction? Maybe something closer to a conventional bank clearing system?
All solvable I presume, but a problem somewhere down the road if not already there?
I also wonder this about AI, as in how will they extract operation costs from the public. But that's another subject.
People maintaining systems are not going to work for free. Eventually someone has to pay.
Edited by John Burns 2/14/2026 05:43
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Flexible money supply