The whole argument is based on the death spiral of bitcoin. It is an imaginary situation when hash power becomes zero due to low profitability of the miners.
There are a lot of other factors which influence price.
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Understood...however that's a very improbable possiblity. I was simply making a point that halving isn't going to negatively affect bitcoin's value long term and as such, to proclaim Bitcoin to be in a "death spiral" is imaginary indeed 😋.
Death spiral in POW is a theoretical established concept. I am not saying whether halving will lead to price drop or not. The cited incidence is obviously imaginary.
👍 ... Sorry I didn't mean to sound argumentative, I enjoy all your blogs and love all here in the HIVE community. I really hope to see HIVE prosper as well as BTC, not just because I'm vested in both but the members on the STEEM and now HIVE block chain are really great ppl and we all strive to build each other up and that's hard to find these days. Thanks man for great blogs and positive replies. 😇 #HIVEON