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?
-
-
Replying to @JedBreed
Yeah. USD is expanding at a rate of 6.2% per year. On the contrary, BTC stock-to-flow ratio is decreasing with every block. with USD you lose 2-3% purchasing power per year. but with BTC, at full adoption, you will gain 2-3% per year. Very hard, valuable form of neo-money.
1 reply 2 retweets 23 likes -
Replying to @MustStopMurad @JedBreed
Humanity never had a form of money this sound, scarce and hard before. It is difficult to say what the implications of this will be and how big BTC could get.
1 reply 0 retweets 1 like -
Replying to @MustStopMurad @JedBreed
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?
1 reply 0 retweets 0 likes -
Replying to @truthtracker_ @JedBreed
BTC will outpace them if not absorb their value completely. Market will converge towards one big winner.
1 reply 0 retweets 2 likes -
Replying to @MustStopMurad @JedBreed
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?
1 reply 0 retweets 0 likes -
Replying to @truthtracker_ @JedBreed
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
1 reply 0 retweets 2 likes -
Replying to @MustStopMurad @JedBreed
Interesting, where can I find more about your views on this? Any sources of information you feel should be learned? Books, blogs etc?
1 reply 0 retweets 0 likes -
-
-
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
-
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.