Replying to Avatar Stuart Bowman

Suppose as a thought experiment that the price of energy fell by a factor of one thousand.

What would happen to the price of gold?

What would happen to the price of Bitcoin?
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ShiShi21m 1y ago

Hmmm depends on the speed of the price falling that much.

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Stuart Bowman 1y ago

Yeah if it happened literally overnight the rate of btc being produced would increase temporarily until the difficulty adjustment kicked in. This is just a thought experiment though.

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ShiShi21m 1y ago

The difficulty adjustment has an upper & lower max change limit for every 2016block period if I'm not mistaken.

This adds a nice wrench into the thought experiment that I think is fun to ponder.

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Stuart Bowman 1y ago

Oh I didn't know that, interesting

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ShiShi21m 1y ago

-75% <--> +300%

Max change for 2016 block period.