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> Completely agreeable, albeit it misses a point: Governments can't print more of it. That only matters if Bitcoin has a monopoly for a given use case. Bitcoin
by acjohnson55 6y ago
> Completely agreeable, albeit it misses a point: Governments can't print more of it.
That only matters if Bitcoin has a monopoly for a given use case. Bitcoins chief advantage is its hash power, and therefore, its security. So far, the only use case I can think of that relies strongly on that is digital gold use case.
For everything else, having a constrained money supply has side effects that are often pretty undesirable. Folks can simply mint new coins for those use cases.