3 ms·
> All it has to do is not inflate too bad. So, question: All the other coins, which are also strictly limited mathematically, they are also good long term inve
by FabHK 6y ago
> All it has to do is not inflate too bad.
So, question: All the other coins, which are also strictly limited mathematically, they are also good long term investments, since they won't inflate too bad? They do all have "an overall growth trend that results from the mathematical scarcity", do they?
- elif 6y agoYou can't essentialize "all the other coins" as if bitcoin is just one. Coins which do not have first mover, publicity, hash power, market cap, and capital inflow rate on their side like bitcoin does will behave entirely differently, and must justify themselves existentially. Why bitcoin? because dollars suck. Why altcoin? is a legitimate question, but bitcoin has flaws. Personally I like to believe that the 'flip' will occur at some point to ethereum due to its technical and monetary superiority, but I think its more likely that due to the network effect, bitcoin will keep its crown as main coin.