Quote:
Originally Posted by jscott
the ability to use bitcoin and the demand of bitcoin are not exactly hand-in-hand, as for finite supply, that is the best thing happening to money, since ever!
I still cant believe we live in this "advanced" society where governments can print money as they please to suit their needs.
Finite supply of a type of borderless, permissionless system is aiming towards less corruption imo  |
While Bitcoin may be capped at 21 million coins, there's currently about 15,000 other coins and likely many more coming in the future, so we can both agree that the world of cryptocurrencies is not finite by any means. It's like the domain industry. There's a finite quantity of quality .com domains, but there are now over a thousand different competing extensions, so essentially an unlimited supply for the alternative non-.com domains.
The value of money comes from people knowing and trusting that someone else will accept the value of that money. Do you think most merchants would accept any of the cryptocurrencies that are not among the top 10?