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RE: Jevon's Paradox And The Crypto Age Of Abundance

in LeoFinance • 11 months ago

This is the first time I've heard of Jevon's Paradox, but it does make sense. I can see it applying very well to technology that becomes more efficient as time passes, but also becomes more used. We are seeing the continuous increase of use of crypto, and as more use cases are offered, the demand will only grow.

11 months ago in LeoFinance by
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         11 months ago 

        It is the main reason why we tend not to see the resources or materials applied to some decline as it advances.

        While efficiencies are gained, overall demand increases due to a drop in price. This caused more materials to be required.

        It is why the ultimate decline in that area comes from substitution, replacing the material with something else.

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