Topic: Is limited supply money such as Bitcoin better than the ... - page 3. (Read 685 times)
Gold is somewhat limited, rare and theoretically amount on earth is fixed, bitcoin actually mirrors some of the unique features of Gold,just added some notch higher. The advantage of bitcoin having a fixed supply is that it therefore creates a deflationary property which makes it more valuable as time progresses.
We have severally posited here that the fiat is a walking corpse and it's only a matter of time before the bubble of excessive printing of money will burst. Fiat has unlimited supply, so it falls freely, but bitcoin is fixed and can not be altered, as demand for it use increases, the price gets stronger.
Better is a vague statement, each model of supply has many different effects. Limited supply makes the price go up in the long run, provided there is some utility, but in context of Bitcoin this supply is used to subsidize mining - and when it ends miners will have to rely on transaction fees alone, and since profitability directly corellates with hashpower, and hashpower with security, Bitcoin's security will become tied to its popularity, which can be bad if it will be low, but it's too early to make any big statements here, time will tell if it's something that we should worry about or not.
A better coin not only considers the basic quantity based on its supply attributes, but also looks at many aspects of its coin quality, its role, its importance and its development trend. . In addition, our psychology seems to consider lower supply and better restrictions. in fact, apart from bitcoin, only a few...
Limited supply of a particular money does not make it better because it can't be manipulated to suit the economic condition of a particular period. Central Banks are able to control money supply to achieve fiscal discipline when the economic need adjustment.
Limited supply is the key characteristics that makes the market of bitcoin to be progressive. If there is no limitations every user finds way to get it with ease. Even there are chances of fake bitcoins to strike the market though it is completely processed through technology. This being open sourced without flaws keeps everything under limit even when there is no controlling authority.
Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
Bitcoin is better for storing value over time due to its deflationary nature compared to fiat but is on par with gold in the same category. However it performs poorly on being a currency due to its limited supply, and for the tendency of people to hoard it rather than to actually use it. Since bitcoin is decentralized and no single entity controls it, it's a difficult currency to work with for domestic economies given that the supply cannot be adjusted depending on the current economic conditions a country faces.
Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
Huntercoin was a simulation of gold and bitcoin mining (limited supplies)
It is not a good ending.
The current fiat we have today is a $cam $lavery $ystem
It is not a good current time.
https://www.youtube.com/watch?v=Y7TLFyK_3Pk I explain huntercoin a little in this video and a few other things. I would love to share more with people who are interested in what I see.
I have created a fix (well a thought of one) but everyone seems to ignore it, read over these 3 forum post I think you will kind of understand it, perhaps I should make a better video on everything.
https://bitcointalk.org/index.php?topic=5151153.20 time > fiat (everyone creating the money supply at a fair rate, limited but not unlimited supply)
https://bitcointalksearch.org/topic/bitcoin-20-attention-all-alt-coin-devs-unite-if-you-are-willing-5141142 bitcoin 2.0 (not bitcoin2)
https://bitcointalksearch.org/topic/why-is-using-51-hashing-power-stronger-than-using-51-of-the-people-5152409 51% hashing power controlling a democracy society
https://bitcointalksearch.org/topic/the-churchcall-it-whatever-you-want-of-bitcoin-5141757 to avoid laws if the governments do not want to help
I think there are no gold mines in India.
Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
In a way Yes. High demand and less supply lift the price up but its not the reason why bitcoin is being used. EURO, USD and all others will still be used but its not that easy to print them out, there are requirements before they do that else the printed money will have less purchasing power. Bitcoin doesn't need this requirements but the blockchain technology where miners mine and us who uses the digital asset.
The primary aim of Bitcoin creation was to be a payment method and not a currency.
A medium of payment can be called as a currency therefore bitcoin's creation was meant to be a currency and it's just the same as payment method.Is limited supply money such as Bitcoin better over the current forms of money?
It became better as an investment because of its scarcity.
Is better because if inflation on my opinion, but if people will need more money to buy what they need we still need fiat money to be printed because sometimes need more money on economy.
The primary aim of Bitcoin creation was to be a payment method and not a currency. Base on you question i will say yes, the limited in the supply of Bitcoin is more better to that of the fiat which the government can print at any given fucking time without the consent of the others. In my country, many are time, the CB has the power to create money for their own selfish interested, but Bitcoin supply not like fiats.
Depending on what are you going to do with it. It is obviously better when your savings are growing in price but in this case it would rather be considered as an investment than money.
From the national point of view it is fatal: the economy of a country can't survive with a deflationary currency because it will immediately destroy the export of a country and the entire country would be drawn in shit.
From the national point of view it is fatal: the economy of a country can't survive with a deflationary currency because it will immediately destroy the export of a country and the entire country would be drawn in shit.
Is limited supply money such as Bitcoin better over the current forms of money?
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.
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