2 ms·
Interesting to see what will happen to Bitcoin which slashed the supply in half exactly at a time when major currencies have fully open the supply floodgates be
by ur-whale 7y ago
Interesting to see what will happen to Bitcoin which slashed the supply in half exactly at a time when major currencies have fully open the supply floodgates because of Covid-19.
If the law of supply of demand carries any predictive power, BTC should see a compounded rise.
- nas 7y agoIt will be interesting. The amount of fiat money being created right now is a bit crazy. Whether that is "good for Bitcoin" is not entirely clear. Bitcoin has failed to live up to initial hopes. Transaction fees are too high and throughput (transactions per second) is too low. In a way, it is victim of its own success, at least in terms of price per coin. The second layer protocols, like Lighting, were supposed to solve the fee and throughput problems. I've played with Lighting and when it works, it is amazing. However, it far from a simple and polished user experience. Maybe they will eventually get there. Or, maybe people will give up waiting.
- economicslol 7y agoThe supply isn't changing, only the rewards for mining are.