Did you get paid to advertise about bitcoin? Or did you buy them and now want to trick people into buying them so you can get rich? There's no such thing as bitcoin stops inflation. In fact, crypto is just a kind of horizontal inflation instead of vertical one as in government printing. Suppose bitcoins replaces fiat as a currency, are you gonna accept that your networth is <1 bitcoin (if you haven't bought already) while the dudes who earlier bought bitcoins as some sort of lottery tickets while working at Mc Donald now become filthy rich? In other words, how are wealth going to be distributed fairly? Or is it gonna be just another kind of money policy that is controlled by someone you never know instead of the government and you prefer blaming the government instead of a a group of hidden faces? And now with added environmental issues that it's again dependent on government's fixing because the crypto gangs have been acting on greed more than anything that it's impossible to expect them to fix social issues. LOL, it's gonna be the same world - bitcoin can fix nothing. Use your business brain again
I didn't get paid for any of my posts, and I don't lobby people into buying Bitcoin. Good investments are rare, and I prefer when the price is affordable.
I would be happy to see McDonald's employees get filthy rich by making innovative and contrarian investments. Wealth is a dynamic process meaning the distribution of money evolves over time. Looking at the world's billionaires, you will notice that most of them weren't on the list a couple of decades ago. Early bitcoin adopters might get rich, but people who create more value will certainly displace them over time.
As far as the monetary policy, I prefer trusting math than political cronies.
I feel this argument is a bit self suportive. I understand why you want to use a money that most people accept. It might be simplier to have only one but there are many domains where it would be simplier to have only one thing (code language for devs for instance?)
True. At least if you don't have one, you have only a bunch of them. It's a highly concentrated oligopolistic market. I recommend you to read this great article by NFX "Bitcoin Killed The King & Now Network Effects Will Determine Its Future"
Did you get paid to advertise about bitcoin? Or did you buy them and now want to trick people into buying them so you can get rich? There's no such thing as bitcoin stops inflation. In fact, crypto is just a kind of horizontal inflation instead of vertical one as in government printing. Suppose bitcoins replaces fiat as a currency, are you gonna accept that your networth is <1 bitcoin (if you haven't bought already) while the dudes who earlier bought bitcoins as some sort of lottery tickets while working at Mc Donald now become filthy rich? In other words, how are wealth going to be distributed fairly? Or is it gonna be just another kind of money policy that is controlled by someone you never know instead of the government and you prefer blaming the government instead of a a group of hidden faces? And now with added environmental issues that it's again dependent on government's fixing because the crypto gangs have been acting on greed more than anything that it's impossible to expect them to fix social issues. LOL, it's gonna be the same world - bitcoin can fix nothing. Use your business brain again
I didn't get paid for any of my posts, and I don't lobby people into buying Bitcoin. Good investments are rare, and I prefer when the price is affordable.
I would be happy to see McDonald's employees get filthy rich by making innovative and contrarian investments. Wealth is a dynamic process meaning the distribution of money evolves over time. Looking at the world's billionaires, you will notice that most of them weren't on the list a couple of decades ago. Early bitcoin adopters might get rich, but people who create more value will certainly displace them over time.
As far as the monetary policy, I prefer trusting math than political cronies.
Hello Nicolas, what makes you say that providing money is a winner takes all market?
Because of the network effect. You want to use the money that most people accept.
I feel this argument is a bit self suportive. I understand why you want to use a money that most people accept. It might be simplier to have only one but there are many domains where it would be simplier to have only one thing (code language for devs for instance?)
True. At least if you don't have one, you have only a bunch of them. It's a highly concentrated oligopolistic market. I recommend you to read this great article by NFX "Bitcoin Killed The King & Now Network Effects Will Determine Its Future"
https://www.nfx.com/post/network-effects-bitcoin/