There's also a limited amount of silver and gold out there. Enjoy waiting for $1,000,000 btc just like the precious metal bugs wait for $1,000,000 an ounce gold and silver.
Justin Cook
> Greed for limited resources will cease to exist
Good argument. Compelling.
Jayden Brown
There is an almost certainly unlimited amount of gold and silver...in the universe and in all other possible universes.
Grayson Moore
there wont be anybody with 1M bitcoin in the future, its already not possible to get that much today, there isnt enough liquidity and you would push the price up by a significant amount.
the amount of active non-burnt non-locked up btc is significantly smaller than it appears.
Zachary Gray
This. Beside demand will be increasingly lower on useless metals vs Bitcoin going increasingly higher in the information age.
MFW when lost them all and had to buy one more in July with borrowed money.
Ian Turner
But, what about the relation of pop growth and the amount of gold?
Henry Lee
>1/100th BTC >get killed and tortured for your private key at home be glad you won't make it
Joseph Rodriguez
Comparing a deflationary asset versus inflationary currency?....hmm i wonder why prices remain stable....
Oliver Miller
How most anons still don't bother holding at least 1btc is crazy to me. I remember countless times I said buy under $1K. I remember. I can't wait for the next 10 years.
Benjamin Perry
theyre late to the game. hard sell to pay over 6000 for 1 btc when people were picking them up for a few hundred a couple of years ago.
Noah Nguyen
0.8 btc + 40 ltc honestly just trying to dump the ltc at a better ltc/btc ratio it's not a good long term hold.
Henry Thompson
How will the transaction fee problem be solved? BTC was barely useable in Dec 2017 because the fees were so high
Gavin Russell
Whenever hedge funds and retirement portfolios are looking to add bitcoin they aren't intending to use it to buy fast food mate.
Hunter Baker
second layer protocols. long term it could just be used for large transactions and be held as a reserve currency upon which banks and other entities could create their own token/currency. the same thing happened not so long ago when there was thousands of different currencies being used because each bank created their own paper money backed by a reserve of silver/gold
eventually core will increase the blocksize too bet on it.
Lincoln Carter
>second layer protocols. second layer only solves the micro payment issue. it is a very temporary patch on the scaling issue. widespread adoption still requires btc to have 60 times the base transaction capacity at minimum.
Nolan Morgan
you can do the math yourself, btc with ln requires at the minimum 2n+log2(n) transactions on chain per active user count roughly each month. this allows for thousands of micro transactions of course for every user but it still requires some.
10 million active user cap is very fucking low. plain and simple unacceptable.
bitcoin will always be usable, if you can afford the fee
Ayden King
>core will do this or that
when will you complete fucktards understand bitcoin is decentralized and core cannot do shit unilaterally
when will you also understand nobody is forcing people to run core software
just stick to your centralized shitcoins
Kevin Moore
whats the solution for this centralization ?
Chase Ward
>there's not enough bitcorn for everybody to go around so that means the prices will rise meme That's why they'll fork it, problem solved. Crypto has no future. >muh deflationary currency That way people will just buy crypto and wait for it to appreciate and nobody will do the necessary work to keep society functioning.
Brody Ramirez
Think about left image for a while. 1 BTC will be about 3-5 million worth, because of the huge increase, before it goes back to 1 million as a world currency.
Image = there is already no way every coinbase user can have 1 BTC. There are already too much people in bitcoin. So if you will ask all people who have bitcoin today, there is no way everyone has 1 BTC and never will be. Just think about this. Hard money incoming.
William Turner
they have to know you own any first
>inb4 they do
no they do not, cold storaged generated private keys do not exist outside of your mind
the god news is we will finally start seeing the first suicides at 6 figures a coin
the nocoiner suicide watch will be real
Evan Russell
which centralization?
Mason Long
>mfw I still remember a time on biz where nocoiners legitimately mad fun of bitcoiners for their meme investment that was never going anywhere
watching them get BTFO to the shadow realm for eternity in 2017 was one of the better feelings in my life. Nocoiners will forever and always be wrong, whether bitcoin falls to 2-3k or not.
Nathan Anderson
>muh if I raise amount of X value of Y will go down >muh deflationary spiral