Topic: Fixed amount vs. infinite coins (Read 640 times)

I think we still need fiat for transactions, and regarding other things you say I agree, however the value of the currency every year will experience inflation not to mention the exchange rate of each country's currency against the USD, so saving our money in another form is true, such as crypto, stocks, real estate or any other asset that has increased in value.
I started to realize after reading some books on finance, economics, and some of them say your money will continue to decrease in value or other words, cash is a trash.
but still you need fiat for transactions, it's just that further understanding you are not advised to save large amounts of money for a long time.

i would prefer fixed amount because can make the price higher or you can pick the infinte coin with burning system

anyway whats going on with your signature

Inflation is not a beneficial thing for a currency, it is only good for the banks and governments.What stops bitcoin from being accepted as payment is its volatility that is merchants are afraid of accepting it and government also plays a huge role here because they didn't regulate bitcoin as currency anywhere in the world.There are lot of coins in the crypto as well but 99% of them will become a dead coin in the next year and the new coins will pop up, only few are going to stay here as payment.

The total supply of Bitcoin doesn't affect the total usage of it.
Speed of it and the fees are the ones affecting it.

Circulation of Bitcoin will not be affected as more and more people will accept Bitcoin but this will just happen if there are certain tweaks in it like the fees and the speed of it. See what is happening to the US Dollar right now. It's price is slowly withering already. I would probably like to say that I hate fiat but I can't since it is the most widely used payment system of the merchants and establishments. You can say that it will not be used as a payment system or not and that is ok.

Don't compare Gold and Bitcoin too because the 2 of them have lots of differences.

Actually, the speed is not the problem. Everyone can cope with it. Besides, Lightning Network is present which could fix the problem .

I think the main problem why bitcoin is still far away from the mainstream is because of technological illiteracy. Huge portion of our population are still mot aware about this so educating others would be very important factor to consider. Another reason is that people are into fiat, they feel contented with it already thus refuse to explore other means. Nonetheless, our community keeps on growing little by little and that's good.

In fact, you are probably very right in this, I am sure that Bitcoin itself will not be used to buy anything or make payments and this is because the Bitcoin blockchain is slow and that carries a large number of problems, it is not a secret for anyone , but that does not mean that a currency will be used as a form of payment in the near future.

The thing about being fixed is that bitcoin makes sense, something brand new may not. You could create a coin with just 200k tokens available and nothing more and that doesn't mean that it will be worth a lot of money, maybe one per token could worth a lot of money one day if it gets any attention but when we are talking about making a profit from trading it, that will not change a lot, 20 dollars to 22 dollars is the same amount of increase as 0.20 to 0.22 and that is why I do not get that talk.

Sure when we are talking about bitcoin it does make a lot of sense because bitcoin is the number one crypto and everyone wants it and when there is a limited supply it will make it go a lot higher, so I am not arguing against that, even any coin from top ten, but a brand new one doesn't make sense at all.

A lot of cryptocurrency holders, particularly those that have recently entered the industry, mistakenly believe that a coin with a fixed total and/or circulating supply stands a better chance of appreciating in value, due to nothing more than the potential for scarcity to occur.

However, they often neglect to consider that these coins usually lack any reason to be highly sought after, other than the fact that they might appreciate in value, such as due to real-world utility etc.

Some projects have tried to force scarcity by making people lock up their tokens in staking, thereby reducing the circulating supply and driving up the value. And while this has worked for many projects, it is false growth, and it will come crashing down when the market turns sour (and these PoS coins will be among the worst hit).

This is why Bitcoin's growth has been so slow and steady. Because it is gradually achieving adoption and being added to more exchanges, and accepted by more merchants and vendors. Few altcoins can boast such growth.

It is true that the adoption of Bitcoin as a means of payment is slow, due to many factors that ultimately many people still choose fiat for
make a payment. One of them Bitcoin is not yet legal in many countries, therefore there are makes many merchants do not accept Bitcoin
as a payment options. Even though the reality today is like that, I am still optimistic that Bitcoin can be used as a global currency in the future.

Some people wont consider it out thats  why they do really say such words that Bitcoin wont reach that thing on being used as a currency but rather as a store of value but they havent
realize that number of merchants that do accept bitcoin or other crypto is slowly rising up after the years which we can really say that it is really having that progress but of course
we cant really expect that it will really come to a point that it can tie up with fiat transactions.We know that it is nearly impossible for it to happen.
Just let adoption grow and sooner or later we would definitely see at least on how its being implied on daily living depending on which country you do live in.

are we talking conventional money vs bitcoin?

crypto still has a long way to go. still not comparable to paper currency.
but at least the many advantages of bitcoin. a fixed amount, transparent, no double bookkeeping, low shipping costs compared to banks, fast, very safe, and certainly no printing money in the name of a loan.

That's how it always goes. In February all the bulls were screaming for the moon, planning out their next Lambo purchases. Then the market crashed from the $10,000s to the $3,000s.

Now we go in reverse......


We don't have the greatest data on this stuff. We can see people transacting on the blockchain but it's difficult to distinguish between, for example, speculative investment usage and medium of exchange usage.

Companies like Bitpay occasionally publish data showing how much fiat money their merchants are accepting while using Bitpay to process payments, but I still don't think this tells us much about Bitcoin adoption. In my opinion, a lot of Bitpay's volume is from BTC investors taking profit on their investments (selling for goods) more so than people regularly using BTC as a currency.

Bitcoin is a very good digital asset that is profitable for a long-term investment. Already today, those owners who bought Bitcoin at the end of August 2018 or at the beginning of 2019 have received very good profits. It seems to me that in some cases it makes no sense to keep bitcoin for too long, and at the same time not to use it for its intended purpose, since our life is very fleeting and unpredictable. Therefore, I personally try to use Bitcoin to buy the valuable things that I need, because I am not sure if I can live up to the time when Bitcoin possibly reaches the price of a million dollars.  

Bitcoin has been used for payments, is used for payments and will be used for payments.
I have done it, others have done it and if you would really want to do it you could do that easily.


I understand your desire for inflationist coins, but I'm quite puzzled on the last part.
How can you say some coins in the chain ar "useless"?
This is not happening even in the inflationist fiat world, you don't burn old money that has been sitting in a bank for 20 years, the worst you can do is issue a demonetization of old coins and notes but nobody, no authority and no government will simply decide that one set of notes with a certain serial number will not be considered of any value from tomorrow.


Because....


You can start by distributing your coins for free to people that have got none. When do you plan to start?


Although I don't really agree with your vision, Phil, the author is not claiming anything related to your, he has simply decided that BTC is flawed and it will not go anywhere.
Not like a highway, nor like a truck, nothing, it will simply be useless because it has no inflation and no central authority.

it is funny how many topics like this are popping up these past couple of days that bitcoin price crushed the dreams of those who were waiting for its price to drop

and all of them are in the same theme, someone has put his head in the sand and is screaming it is night while the sun is up.
if you ever bothered to loo how many people are using bitcoin as payment and how merchants there are that have been accepting bitcoin as payment for years and how much money is transferred hand to hand using bitcoin then you would know that the adoption of bitcoin as a currency has been great even though it is still not mass adoption.

Its used to buy pizzas every day, depends what you mean but I presume convenience.   I think the spread, the price regularity and the fees vs speed is a possible issue but I dont see any of those are linked to a limited total of BTC.    We are still increasing BTC in circulation, it hasn't stopped just the schedule slowed the amount issued every day.     The limited supply is to oppose the price instability of Dollar from continual production in excess of GDP growth.   If BTC growth exceeds the number of new coins produced then it's likely to bring value, encourage holding the currency  (base demand) over just spending and hopefully will ensure stability in worth.   Since BTC isnt backed by any government this seems quite necessary.
  Gold wasn't dropped because there isnt enough of it, they are producing increasingly large amounts of gold via advances in mining technology similar to oil production.   The issue there is the GDP and population growth for usage of both those products, if demand is greater then supply then price of gold rises which creates a lower retail price when paying in gold not a negative.   Recently oil dropped quite alot as we have a natural drop in GDP and so to BTC price can drop as its not always going to be surging in usage but require further refinement and development of the economy.   There no real negative to less block reward except for miners perhaps who must calculate costs more carefully to accommodate both the lows and highs in price.  BTC as an economy is a benefactor of a tighter value then otherwise would be true with excessive supply.

I was thinking the same thing recently. Even tho bitcoin's limited supply makes each sat worth more - it immobilize it and won't let it be freely distributed and exchanged among people.
So the question is - is the mechanism of altcoin being harder to mine as we mine into the depth of it will be able to handle and cut the demand enough so it won't become worthless overtime?

Even thought i can't completely disagree with your point it makes certain sense but yeah inflation is not a monster eating anything even if there would be zero inflation there still would be the similar return you would be getting in real terms.

coming to second part there might not be hyperdeflation but have you heard of  the deflationary spiral theory? A person spends money because it's remaining the same tomorrow or even getting cheaper. But in case of bitcoin or any other deflationary currency. Why would someone spend a deflationary currency? A currency which would become more dearer to me tomorrow. Moreover, at time when credit availability is the basic requirement of certainly every business how will economies work in case of a deflationary currency? We already know how easily credit is generated today.

I would say fixed amount, infinite coins do not make any sense at all. If you think that it would never be used for payments you are quite wrong, people do not even have as much as printed, most of it is either frozen like you said or they are lost or even some other people froze it or even saved aside like you guessed. This means that there is still a ton of bitcoin left but not as much as 18 million which was mined.

Even with that little amount people are still trading it, using it and all around send and receive, because bitcoin is not something like gold, it is something like fiat but digital and more trustworthy. Bitcoin is not a commodity, it is a high tech currency and currency is there to use and spend it. However gold was used as well until fiat was discovered, gold coins were means to transactions, so I can't really guarantee my opinion neither.

Agree as only adoption will make bitcoin as a payment system more than an investment.


Most of them what? I thought we are just talking about bitcoin here, that's stated in the OP, let's not talk about altcoins as that is really true, most of them are a bad projects and that's the reason why bitcoin is dominating in the market.

As for me, I believe in bitcoin, there's nothing to change or to add in the system by making a fork, that's why I'm not a fan of the BTC forks.

Also, for me it doesn't matter whether fixed amount or infinite supply. As long as there is real usage of the coin. But sadly, most of them are crap. So we always go back to btc, even with fixed supply, as you said, we can just work those 8 decimals and each decimal will have a value. Because in the future, even 1 sat maybe valuable in the market.

If there is a chance for any cryptocurrency to become adopted as a real payment method, we all know very well that only Bitcoin stands a chance of being adopted by so many people as a payment method, none of those alternative cryptocurrencies stands such a chance to be adopted. The way I see Bitcoin, it all depends on the users, it was created to give you freedom to use it anyhow you want.

There are those who wants to be making use of cryptocurrency for transaction and there are those who are using for other purposes. I don’t make use of bitcoin for making purchase, I just use it for transfer to people living in other countries, because it’s more easy than when you make use of banks. I also use it as a store of value.

The number of cryptocurrencies listed on CMC and the supply they have must have been more than enough for the 8B people in the world though. There are tokens thats more than 100B and there are infinite supply like ETH. Not all of these tokens are going to be used widely though. Fixed amount however isn't a problem. In the case of BTC is that 1BTC has 8 decimals which we can send by a fraction.

Why should anyone jump hoops and upload any bill for your amusement? So that people could track them and their purchaces? Technically most of the purchases are handled in fiat money anyway. With wirex you have to swap btc/xrp or what ever crypto to eur/usd first with your app and then use it with your card.

And bitbay converts it to the fiat for merchant (at least i think that's the process) but who cares, i bought a laptop with it without touching fiat. And people are constantly using it, why do you need proof exactly? Hell. I just changed btc to eur and ordered beer with my wirex and i am oblicated to give proof now to impress a random person in the internet who doesn't "believe" people are using bitcoin?

Like it or not too many people have read and followed my signature.

BTC acts as a 10,000 treasury bill
LTC act like cash
Doge acts like small purchase cash

It is backed by a ton of asic gear and it works.

All other ideas won't be better than this. They would be different but not better.

My signature is looked at every day. Like it or not it is viable and it works.
I am of the opinion if people just followed that all scaling goes by-by as it is fixed and would be able to make  cashless world.  Or at least a world of lessor cash needs.

the resistance to my signature is it fucks banks and rich mother fuckers big time.

So rich people keep trying to scale btc into  workable single crypto system. Which won't work. Which is why they keep trying to do it.

One exception is Elon Musk as he has touted Doge more than once.

Just one answer to many claiming bitcoin is used in real stores or online - could you upload a bill when you last time paid with bitcoin?

My point is - people are not ready will never be ready to use bitcoin for anything else than wealth storage because of it is to expensive and getting more and more expensive - it is psychological problem

Bitcoin transactions are not anonymous, just it is a bit harder to identify, but with enough computing power all transactions could be followed backed.

I disagree with you in some areas. Firstly, there are many business areas that operate daily that you can buy with bitcoin. I will not start mentioning this because there are many threads this has been discussed. You can search for it yourself. I believe the area you specifically make reference to is the most important to you but with time maybe we shall see more food store accepting bitcoin although there are still some fast-food restaurant that accept it https://cointelegraph.com/news/retailers-around-the-world-that-accept-crypto-from-pizza-to-travel

There would be a lot of difference between the both of them since some of the platforms that they might be working on is limited. If we talk about inflation, I guess that would be just a sad way on how can somebody else get money from you since inflation can happen anytime. Looking at fixed amounts of coins is a good way that you know where to buy those Alternate Coins and how to use them. Infinite coins on the other hand, we can say that it also has an unlimited opportunities on how to grow.

First of all, you can just add digits after decimal point, secondly i literally don't understand what you even mean by "legally"


This is just nonsense based on the idea that it somehow "runs out" because no one is selling it anymore. That doesn't even mean anything. Just because you have tiny amount in relative to "whole" bitcoin doesn't mean you can't use it.

I'll go for fixed amount, the problem of bitcoin on why it's not stable is not because of the supply, but because we are still in the process of massive or real adoption where investors are still the one dictating the price movement, once there's a massive adoption, things will eventually change.

Imagine, 1 satoshi is equal to 1 usd, I guess the supply is more than enough to cater everyone who wants to use bitcoin as a payment system, but transactions should not go directly in the blockchain, a 3rd party project (payment processor) is important to make transactions faster and cheaper.  

I have never heard that solving mathematical problems require you to comply with legislation, thought you should only need to know how mathematical laws work. Look I can add any digits I want: 1 BTC = 0.00000000001 BTC * 100000000000 millisatoshis. It's a magic! Well, not really. Lightning Network already does that every day and, you know, system is not collapsed, bitcoin economy still works as intended.

Infinite coin supply would be too much against bitcoin's principles for it to be integrated as a feature.
It's a feature that's the very core of bitcoin at this point and I think that one shouldn't dismiss the fact that there's much of the community and support behind bitcoin is because of this very feature.

Anyone looking to create a coin with infinite supply is very much free to do so. Satoshi never said that there shouldn't be currency competition. The code for bitcoin was always open and I'm sure it wasn't just because Satoshi wanted improvements. If you want an example of a bitcoin copycat competitor that has infinite supply, you need to look no further than dogecoin.

Theoretically because DOGE has such a small value and so many coins the fee value as part of the transaction is bound to be smaller than in other cryptocurrencies. But realistically speaking, because of the lower incentives to mine, the network is not as secure and hence it's even less likely to become a payment tool that could serve people at a wider scale.

I don't get your argument when you agreed that it is a "wealth storage" and it can quickly overcome to inflation yet if can't be a "payment" because it is volatile. For it being some kind of payment that people can actually use volatility isn't really an issue here since people can quickly sell the Bitcoin they receive as payment in order for their earnings not be subject to any kind of price movement as well as capital gains tax as you didn't hold it for price appreciation. For the consumer side it's really up to you on what you see in your crypto assets if it is worth to spend it on a purchase or not, it really depends on you.

Haven't you heard that Bitcoin is very dividable? Fixed amount makes it more scarce and valuable.

you cant just add and add digits unless it is legally introduced and so what if btc is dividable ? it will still run out in the long run but it can happen slower because of the increasing value  . there could be a coin with a low supply but im curious if all of its supply is already accumulated and what happen to them ?. infinite supply can decrease the value of the coin , why not add only a sufficient amount of supply so that theres still chance for increase .

I don't think it will be too difficult to get people to accept Bitcoin in their businesses. There are some things that need to be addressed by the network to encourage lots of us to promote the use of Bitcoin to businesses. Things like recovering of lost private keys, reverting certain transactions mistakes, customers services, decentralized/peer-to-peer transactions, safe control of private keys, etc

Bitcoin has to be a store of value (aswell as medium of exchange) too. Its deflationary feature makes it a good store of value.

In my opinion, gold is not a very good as money for large and growing population, and it isn't really a good idea to have things like "digital/virtual gold" without it being very transparent or at least being decentralized.
If you want a good currency in paper form, you still have to be make it very decentralized and transparent. This has been solved, but I doubt certain people will like the idea. It will still be deflationary though... so we don't reduce the value of people's wealth through constant printing of papers

What? You do know that you can just add more digits to the Bitcoin in the future to divide it to smaller amounts then satoshi. "Runnin out of coins" isn't a thing.

It looks like you are still living in the past or probably you are in some place where almost all people don't know anything about bitcoin.
I have seen some businesses around here and also online stores where Bitcoin is accepted for payments and more are still joining.

Of course don't expect Bitcoin to take full control of a country's economy because governments will never all that but it will always be an alternate means people will use for payments whether you want it or not.

That is nonsense you will never run out of coins you can infinity do splits on the current supply  like with bitcoin if in 50,000 years there was only 20 bitcoins left do to lost keys and burned coins.
You simply would just need to turn the Satoshi 0.00000001 into a 1 and then allow Satohis to be split into 100 million parts so 0.0000000100000000
But when you receive a Satoshi the client says 1 Satoshi and you could do things like 0.05 Satoshis

It is also worth to add that it will be very slow process. Not like miners are getting reward poof miners are not getting reward. Reward will decrease each 4 years until it will reach little more than 1 sat (after more than 100 years from now). After another 4 years and next halving reward will be smaller than 1 sat - not transferable - no reward other than fees.
I don't think that anyone will even notice this 1 sat but if it will be imporant for miners i don't see a reason why not soft fork BTC adding micro-satoshi (1/1000 of 1 satoshi) and continue to reward miners for another 40 years thanks to extra 3 decimals.

It is not possible to run out of coins. Even If 99% of supply is burned (lost wallets etc), price exploded and currency is not tradable (price is to high to pay for small things) you can always add decimals just like during hyperinflation elites are cutting decimals to avoid carrying money in a wheelbarrow instead of a wallet.

Let's not be so hasty to draw conclusions. Bitcoin was literally the first programmable money. It's only been one decade since launch, and upper layer protocols like Lightning are even more immature. I'm not convinced that no one will be using Bitcoin aside from speculators in the future. I do think alternative models will thrive and emerge that give users alternative choices regarding security model and fees: bearer instruments (physical cash-like transactions with no on-chain transaction), Lightning, sidechains, altcoins, off-chain custodial setups, etc. But on-chain Bitcoin transactions will of course make sense for some as well. It's all about users deciding what level of security they need and what fees they are willing to pay.

More likely than not, we're going to end up with a bunch of different cryptocurrencies, with different value propositions. Bitcoin will probably dominate them in terms of value stored and that makes perfect sense considering how hard it is as an asset. Most altcoins put a larger emphasis on a less constrained supply and higher velocity of money. And there should of course be a place for that in the market.


Miners collect transaction fees too.

Wrong, wrong, wrong.

Gold is not used by everyone because it is inconvenient. It is impossible to pay 2.99$ for beer using gold bar. 90% people that you will ask on the street what "inflation" is and how high inflation is now and why will not know the answer. Don't tell me that people love fiats because government and banksters can steal money from them. Its stupid. They are using it because it is an official way of payments, and they are too focused on earning and spending it that they don't have time to educate how money work and why they are doomed to work till death because of banksters greed.



There is now way to run out of coins. I guess it is 10 times less possible than hitting hyperinflation. Maybe that's the reason why there is no hyperdeflation word ??

It was not a selling point but it was a fact further back during 2013 when online markets started adopting BTCitcoin as an alternative payment and it went crashing down during late 2015 when the network started getting congested and the transaction fees kept on raising.

We need to have a scaling solution for you to see people using BTCitcoin on a daily basis to purchase goods.

Completely bullshit, the limit in the number of coins has nothing to do with the adoption, it is the other way around, you cannot transact small amounts without shelling out a much larger fees and until that is sorted you cannot considered it as an alternative to fiat payment.

Heard about Satoshi the smallest divisible unit of BTCitcoin  . You need to understand that around 22% of BTCitcoin mined are lost and you really do not need those to be the alternative to fiat currency, all you need is a much better scaling solution where users can spend much smaller units of BTCitcoin at a much smaller transaction fees.

Technically, there is a finite supply of gold, but all we have are estimates on when it would be exhausted, gold mining has been on for centuries. It's quite different from Bitcoin which is barely over a decade. They are also very different in functionality and usage. Being limited in supply is not the singular quality that attracts people to Bitcoin, it is immutable, divisible, trustless, pseudo anonymous and decentralized.
You're right about Bitcoin being used for speculation or storage, but that's not its only use case. It's already being used a means of making payments. Try using gold to wager on a gambling site.


• Bitcoin is already accepted by a number of merchants and can be used to pay for services.
• The economy does not need massive printing out of thin air which devalues the money in circulation.
• I would assume you are referring to miners' reward for each confirmed block... the last mined bitcoins is still a long way away and it would be difficult to predict now how the network would adjust to that. There are however transaction fees which are paid on every transaction and which goes to the miner, so there would always be a financial reward for block confirmation.

I don't think this is true. Low inflation or deflation are just theories people put forward for bitcoin. It is important that it always shows up on Bitcoin's price. If we say Halving, cutting the supply rate makes an asset that will increase its value is not correct. it also depends on human needs. I believe that bitcoin will never be put on our market, because every transaction is anonymous and therefore money laundering will be even easier. the government won't let this happen.

I agree, as long as the world is not running 50% with crypto or digital currencies having a fiat is a necessary. If you don't hold fiat anymore then you'll probably be in a conflict most of the time when buying goods or services since there are only few merchants who accepts cryptocurrency such as bitcoin. It's like you are saying that fiat will be replaced by bitcoin or any crypto, well that's impossible to be done coz there are deeper reasons why use fiat when there is a better one, and you would not like it.

but the thing is bitcoin is seen as an investment, quick money made profit due to its volatility, and none of us is willing to pay bitcoin. We can't use it as daily currencies having the fact alone the instability of its price due to  decentralization. It won't work as fiat for a long time.

Because it is not convenient for them, they only know one thing and that is to pay paper money.

I wouldn't go that far, at least not until everyone is receiving their paycheck in bitcoin and stuff at the grocery store is priced in bitcoin.  As it stands right now, there's a very real need for fiat currency, no matter how hardcore a bitcoin supporter you are.

As far as OP's point is concerned, bitcoin could function just fine as a currency if people chose to use it as that.  Its value would have to increase significantly in order for that to happen, but it's possible.  And I would also say that if people want to keep it as a store of value or own it just for trading, that's fine by me.  Crypto as a whole hasn't caught on as far as becoming a popular payment method--there are tons of coins that function better than bitcoin does as money, yet not many people are using them either.

Fixed mount is dumb, because there will sooner or latter run out of coins.  Infinite supply is solution.  What matres is schedule that is set in stone before first block is mined and stay that way forever. So at any point we exactly know how many coins will be in existence at any time.

You are talking shit about gold - it is used as wealth storage against inflation because there is limited amount of gold available.

Same is with bitcoin or any other limited supply coins - they will be used only for speculation or storage.

Bitcoin will never be used for payments so it could not be used for real economy.

Economy needs working fiat / assets / currency used for payment and you need to control it by emitting new coins or burning useless one.

As soon as there not enough bitcoins and last one would be mined, there will no possibility to make transactions using bitcoins.

You are talking shit that elites want us to believe in. Currency deflation is a blessing. Inflationary fiat money makes us spend it is as fast as possible stimulating economy in wrong direction. Eating our savings. Makes us work till death because there is no amount of money that will not be wipe out due to hyperinflation that happens once per 28 years on average. It forces a writer, actor or musician to be an investor (otherwise they see how their savings go down month after month due to inflation) and in most cases ends in loosing all money. In china there are ghost towns full of apartments that people buy just to invest somewhere- avoid inflation.

Inflation is an ugly bitch. A way to steal your money secretly.

Bitcoin is not gold and this is not "middle of last century". Gold is hard to divide, hard to proof that it is real for average user. That's why it was replaced with money. Not because it is not inflationary. Than money backed by gold was replaced with fiats because of greed. Not because inflations is good.

You are saying - it is not worth to use bitcoin, use fiats that are infltionary. I'm saying sell you shitty fiats and be all-in crypto like I am. Your wallet is deflationary, you are earning by simply not spending and when you want to buy someting you use crypt-fiat cards like the one from crypto.com

You don't need to hold fiats anymore.

BitcoinBTC maximalists "selling" it since 2015 as an alternative payments.

Last 3 years there were lot of adoptions of BTC Bitcoin mainly on trade markets.
But still no real daily market where the people use bitcoinBTC as a payment - just get out and try to buy a food for Bitcoin - almost impossible.

Limitation of amount for a coin like bitcoin or any other altcoin as well low inflation makes it only worth to use as wealth storage.

Gold were also a payment unit till middle of last century, but now it is only wealth storage and speculation object on market.

Same is almost happen with BTCbitcoinBTC, moreover it is to volatile to be used as payment.

Except Satoshi Nakamoto will defreeze his million BTCbitcoinBTC there is no chance for bitcoin to became real payment alternative to 100 of fiats and inbetween 3000 alternative coins, some with infinite supply.