Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21254302 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
Globb0
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November 12, 2015, 06:24:58 PM

all you have to do to increase pig production is ...breed more sows, instead of butchering them.
And those sows will birth 5 sows, and those five will birth 25, 125, etc., etc.

Come on. You can't even imagine a scenario where demand outstrips potential supply? What if aliens demanded we give them a huge and ever increasing number of pigs to feed their exponentially growing space empire?
A ridiculously high limit is still a limit.

If the demand is high enough, pigs will be bred in penthouse bathtubs, planets will be colonized, made habitable, and turned into pig farms.
What I'm trying to say is there's no artificial scarcity, no hard limit of 21 million, as is the case with bitcoin and Beanie Babies.
As I said, scarcity, in this case, is simply a product of demand, as in "I can't make more money by breeding more pigs."

Only if time is not a limiting factor. If a pig farmer Get's a fill-or-kill order for a million pigs and he has a month to fill it, and he has only two breeding pigs, then it doesn't matter how much the buyer is willing to pay.

Please refer to the red, bold text. ty.

Actually there IS a hard limit.  What has not yet been pointed out in this conversation is that producing more pigs is not free, and as your pig production increases, costs will increase as well, at some point exponentially.  And at that point lies your hard limit.



Exactly,

one does not simply increase pig production.

Need more sheds, more heat, more food, more transport, more staff, more executioners, more cleaners.

And then what when demand falls back.