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Bitcoin has a hard cap on how many will ever be in existence. If that's not the definition of real scarcity, then what is? Your implication that bitcoin is easi
by toolz 5y ago
Bitcoin has a hard cap on how many will ever be in existence. If that's not the definition of real scarcity, then what is? Your implication that bitcoin is easily divided somehows means it isn't finite is simply wrong. Firstly it's not infinitely divisible, secondly things that _are_ infinitely divisible do not just become inflated simply because this property exists.
I find it rather revealing that so many anti-crypto blog posts offer no novel solutions, they only ramble on about how they know crypto isn't the solution. Seems rather uninspired to say you understand a problem domain but have no suggestions on how to solve the problem other than literally a solution that has already been tried at large scale and failed.
Sure, the gold standard in an alternate reality seems like a great idea, but we live in this reality where central powers were able to quite easily strip society away from this contract with barely any resistance.
- SgtBastard 5y agoBitcoin has no hardcap. We agree that only 21m bitcoins will be mined into the existence as block rewards… until we don’t agree and change it.
- toolz 5y agoShow me a single node operator or developer that has stated they would consider ever raising the hard cap on bitcoin. Until then you're just making up FUD for the sake of being argumentative.