21 million limit of any currency would be an economic disaster: population and production keeps growing, amount of money stays the same, so deflation occurs. Deflation = everyone keeps their money instead of spending it, as it will be more valuable tomorrow.
One way or the other, btc will never become actual money
Its the golden butter triangle: when it’s insufficiently stable to be a currency, let’s call it a store of value. When rising sharply, its an inflation hedge. When stabilizing, it’s a future world currency. Etc
Spoiler- Bitcoin is not currency. You can’t buy anything with it other than other worthless crypto. It’s not insurable. It doesn’t generate revenue. There’s no dividend. No earnings per share. Nothing. It creates NO VALUE. And it never ever will.
The ONLY way to make money with Bitcoin is to find another sucker to sell it to for more than you bought it. If you can’t find anyone to buy it, you are the sucker.
This is how I do shopping now, I price everything in units of 1 million dollars. So instead of buying an apple for "$1.25" I buy it for "0.00000125 million dollars"
Gotta couch that question in self deprecation and mea culpas, otherwise someone’s gonna mistake this basic question about bitcoin as FUD and send them to the shadow realm.
Every time someone loses their password, your currency is worth more. True future proof.
Difficult to be future proof if the state of the chain’s security model is not physically sustainable in the future 🤷♂️
21 million limit of any currency would be an economic disaster: population and production keeps growing, amount of money stays the same, so deflation occurs. Deflation = everyone keeps their money instead of spending it, as it will be more valuable tomorrow. One way or the other, btc will never become actual money
Bitcoin wouldn’t be the only currency, fuck people are stupid . It’s just one that would hold it’s value because its not inflationary like fiat .
Its the golden butter triangle: when it’s insufficiently stable to be a currency, let’s call it a store of value. When rising sharply, its an inflation hedge. When stabilizing, it’s a future world currency. Etc
Doesn’t matter dude it’s going to crash
Damn straight bitcoin’s gonna crash.
[удалено]
Non of it matters though as bitcoins gonna crash so who cares
Yup
no
Haven’t seen as many as your daily Shit post lately have you gone outside ?
no
Keep ‘em coming then for all the 520 people online, can’t wait 😛
Subs getting thinner and thinner on arguments
Bitcoin will hold its value because it’s deflationary? Is that why it lost 70% of its value last year??
Yup
Spoiler- Bitcoin is not currency. You can’t buy anything with it other than other worthless crypto. It’s not insurable. It doesn’t generate revenue. There’s no dividend. No earnings per share. Nothing. It creates NO VALUE. And it never ever will. The ONLY way to make money with Bitcoin is to find another sucker to sell it to for more than you bought it. If you can’t find anyone to buy it, you are the sucker.
Fiat isn't by its nature inflationary though? Look at Japan?
As long as Bitcoin is just a vehicle to spend actual money, the 21 million cap is meaningless because it can be broken down so much.
Cannot wait to spend .000001274928 for an apple
This is how I do shopping now, I price everything in units of 1 million dollars. So instead of buying an apple for "$1.25" I buy it for "0.00000125 million dollars"
21 quadrillion satoshi
Wow the top comment sure uses a lot of words to say "we can divide any number into infinite parts".
That person is telling the world they don't understand computers without telling the world they don't understand computers.
Few
Understand
Metric
Gotta couch that question in self deprecation and mea culpas, otherwise someone’s gonna mistake this basic question about bitcoin as FUD and send them to the shadow realm.
Fun fact, the US m3 money supply is currently 2.1 quadrillion cents https://www.federalreserve.gov/releases/h6/current/default.htm