One thing that is so compelling about holding #BTC over fiat is SCARCITY! If you hold cash you lose ~2-3% purchasing power due to inflation. #Bitcoin is the exact opposite- it's a deflationary asset the amount is fixed forever. @MustStopMurad care to expand your thoughts on this?
-
-
What about other cryptos that have ‘currency’ as their primary use case? Can this be a form of inflation? LTC, BCH, DGB, DCR, XMR etc? So could BTC at least have competitors that may even force BTC out of use in the future?
-
BTC will outpace them if not absorb their value completely. Market will converge towards one big winner.
-
Do you see all the the qualities and use cases(privacy, transaction speed, lower transaction cost etc)of the other ‘monetary’ crypto coins being added to the currently more trusted security base of BTC to achieve this? Or other reasons for your bearish view on its competitors?
-
yes, most important will be added to BTC. 1 separate differentiation is not enough to unseat BTC or even carve out a niche, the strongest money will absorb the rest, especially in the borderless non-violent realm that is the internet
-
Interesting, where can I find more about your views on this? Any sources of information you feel should be learned? Books, blogs etc?
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.