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Comment by mpyne

4 days ago

> Why would the price go down in the future?

Because price is driven mainly by competition, not by a desire to recoup prior spending.

Investors aren't doing things out of the sheer goodness of their hearts, so if they could just bump the price up they'd have already forced it up. The very existence of workable local models puts a cap on how high the price can realistically go, but the high level of competition still extant makes the price floor ever closer to the actual cost to generate tokens.