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> In my opinion an algorithmic censor-resistant, deflationary value network is a useful potential technology that can give us potentially the best store-of-valu
by Jasper_ 5y ago
> In my opinion an algorithmic censor-resistant, deflationary value network is a useful potential technology that can give us potentially the best store-of-value known to mankind so far.
Neither of those things are true about Bitcoin (it will not become deflationary until 2140, and "censor-resistant" requires a lot of extra elaboration). But then what's the economic basis for that being a good store of value?
I'm mostly upset with crypto because it hasn't delivered on any promise, while still causing untold ecological damage, and has tilted the price of computing equipment so already rich industrialists can earn even more. Up until recently that was just GPUs, but the latest invention in the space is they made a cryptocurrency based around using up hard drives. The joy.
- freemint 5y agoIt could become deflationary before 2140 by more Bitcoins bring burned then created by schedule.