Someone starts inscribing JPGs on the block chain, creating demand for hash power. Miners survive the bear
Discussion
*slaps down uno reverse card*
Debate is over about what happens when subsidy is gone?
I think it's still ongoing, but new points to argue - always a war somewhere in Bitcoin
Haha. True!
I actually agree with you. I think thats what will keep bitcoin decentralised. Energy and labour will also be cheapest where they are not in demand. Bitcoin mining creates a demand, eventually growing to the point that its not as competitive as somewhere else. Only a credit based fiat system allows a competitive advantage to large entities with access to cheaper capital. Bitcoin fixes this.