We need to go back and discuss whether Bitcoin is a viable form of money. :) That's a long discussion. There's plenty of material on the web. I do think Bitcoin

We need to go back and discuss whether Bitcoin is a viable form of money. :) That's a long discussion. There's plenty of material on the web. I do think Bitcoin is a viable form of money. It's not complete. I don't think it can replace fiat. But it's a good option for people to store their money. Short-term, Bitcoin is a Speculative Asset. Long-term, Bitcoin is a Store of Value. These two concepts are contradictory. But I think in this case, they are valid. Money is contradictory. It does not really make sense when you reason it from a single point of view. Although Bitflate has unlimited supply in the long-term, it's still limited by the 7% inflation rate in the short-term. I work out the reward schedule below: https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8TnVhoiTJUd-NIEnQrAl_3Lg/edit#gid=0 https://docs.google.com/spreadsheets/d/1tdRWdqc0I9uMASXp-zY8... If we take the fiat base and inflate 7%, that is a lot. But with a new crypto, we start from 0. It'll take: - 10 years to mine 30 million coins - 28 years to mine 100 million coins - 100 years to mine 14 billion coins Many people tell me they rather use fiat with unknown inflation than a crypto with a fixed inflation rate. I think that's absurd.