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Politics : View from the Center and Left

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To: cosmicforce who wrote (480062)9/24/2021 7:02:55 PM
From: neolib  Read Replies (2) of 541930
 
How is that the case?

crypto is deflationary by design and the number of coins shrinks

Using the exact same algo, you can have BitcoinN where N -> infinity.

The only reason Bitcoin has value is that it tends towards a monopoly. Its no different than any other ponzi scheme chain letter, etc that pays out very well to the ground floor, but eventually falls apart.

Why do you think that Generation Z++ in the future won't decide No More Bitcoin, we are starting BitcoinZ++, we aren't going to pay out the Geezers in society?

Nothing to stop that from happening, other than stupidity on the part of Generation Z++

BitcoinN can go to zero overnight if BitcoinN+1 becomes the fad.
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