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34 sats \ 6 replies \ @0xBTC OP 13 Jul 2023 \ parent \ on: Opinion: Why BTC can't become the reserve currency bitcoin
After the halvings are over, 0 BTC is mined and the supply can only go down, making it deflationary.
At what rate. I mean if we don't know how to not lose our bitcoin in 2140 we have bigger problems and definitely the AI singularity has all our bitcoin anyways. But sure there will always will be some lost sats. I expect much to happen between now and 2140 and don't care to speculate on the state of the world or the global economy at that time.
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Right, but I like to theorize.
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The questions you’re asking just seem responsible. In comparison, @grayruby seems like they like to take risks and gamble with money
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Oh yeah. I am such a gambler. I am practically a shitcoin degen trader I take so many risks. What are you going on about?
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It does seem that way.
But that crossroads seems so far in the future I don't think it's worth worrying about. If bitcoin is successful and hyperbitcoinization happens and bitcoin is the world's reserve asset, all these potential problems will get sorted out along the way. It's similar to the security budget debate. Sure, it's interesting to consider but if bitcoin is important to the world, it sorts itself out (maybe not in the way we like but it does).
We don’t need to consider these questions. If we believe hard enough, we’ll all be rich!
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Clearly you have a reading comprehension problem if that's what you extract from that statement. I made no assertion to the effect of "If we believe hard enough, we'll all be rich", I didn't mention wealth generation at all. I simply stated "if" bitcoin has risen to that level of adoption and importance to the world problems will be solved as they arise. I also said "it is interesting to consider" which you interpreted as "we don't need to consider these questions".
If you want to spend an inordinate amount of time pondering the potential flaws of hyperbitcoinization 50-100 and so on years from now. Feel free. I would prefer to focus on supporting the bitcoin ecosystem and helping educate non bitcoiners.
In future, I am happy to clarify what I meant or debate something I said without the implication I am just a gambler or having intentionality of my words assigned to them by you.
Appreciated.
GR
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