sjsharkie

3 ms·

1. 1.▲
   by sjsharkie 6y ago

   That would be a very bearish take on Bitcoin, since any investment that is only speculative has an eventual future price of $0
2. 2.▲
   by sjsharkie 6y ago

   You don't need to convince miners at all. If BTCs future is in using it, it has to convince the future companies and stores to not use other coins or services. Or to a buyer today to still have as much demand even after the speculation
3. 3.▲
   by sjsharkie 6y ago

   But BTC will never be the best or only way to do that, so once it actually is priced to a real function (transfer capability) it won't be scarce or unique. You can print an infinite amount of alternative coins or stable coins (or even
4. 4.▲
   by sjsharkie 6y ago

   It's only scarce when it isn't very useful and the market has little real adoption, as now, where the only real reason 99% of people have it is speculation. If we actually needed a lot of cross border transfers, you can print an i