3 ms·
I cannot believe I forgot one of the requirements for money. Thst is scarcity. In this regard bitcoin beats everything else, and especially beats baseball car
by cyphertruck 5y ago
I cannot believe I forgot one of the requirements for money. Thst is scarcity. In this regard bitcoin beats everything else, and especially beats baseball cards. Unlimited dollars can be printed and baseball cards rven more so.
Gold is genuinely scarce but there is %1 inflation and the asteroid mining risk.
Meanwhile bitcoins inflation rate gets cut in half every 4 years until it becomes zero in 2140.
- qwytw 5y agoHow is having a inherently deflationary currency a positive thing though? That's the worse attribute a currency can have unless your goal is to maximize wealth inequality...