Topic: The Supply of Bitcoin Is Limited. The Supply of Cryptos Isn't! - page 2. (Read 2163 times)

To translate into reality and reality will really be difficult because of the contradictions of people in the world, and if we consider only the country, then the government is a significant factor of influence. The greatness is not very interested in enriching their people in this way.

Bitcoin is just one of many kind crypto in market. Many different cryptos in market with different project. Indeed bitcoin have limited supply and thats why bitcoin price always increasing and more expensive.
Gold and silver is safe investment and more popular in our society. But we live in digital world right now and bitcoin is more safe and reliable than gold in we using it for transaction

That's right, the bitcoin offer is limited. Plus some of the bitcoins are lost forever. But all this does not mean that the price of bitcoin will go up in the near future. So far, the decline continues...

Just not this part. I'd say they are far less practical to use as currency, but unlike crypto or fiat they have true inherent value.

indeed cyrpto money has no rules on limiting the amount of circulation, this would make it difficult for some banks in the world to make crypto become real money if the local government doesn't make some rules for its own country.

So, if Bitcoin really takes off, we think we have an honest, state-free money.  No central bank, or anyone, can create bitcoins past the 21 million limit.

Correct?  In practice, no.

What Western central banks are doing now is getting us used to the idea of multiple cryptocurrencies being viable.  When they use their printed money to buy some new cryptos, their values go up.  

One simple example of how they can continue to expand their money supply is to have a basket of cryptos against which they 'manage' exchange rates with dollars, euro, etc.  Say, at first this basket contains 1 BTC, 10 ETH, and 100 LTC, and the Fed and US government have an official or unofficial policy of keeping this basket at the price of $100K, with a combination of keeping money printing and public debt under control, and selling the BTC/ETH/LTC in its vaults to scare savers away from moving their dollars into coins.

As time goes on, the Fed will want to create more dollars.  (As it always has.)  Then they will  buy up lots of new cryptocurrency XYZ (cheap) with their dollars, and raise the price of XYZ.  After XYZ has 'proven itself in the market with its technical superiority,' the Fed will add it to the basket, and the new basket will be priced at $120K.  Since the 'base money' has expanded by 20%, the number of dollars can also be expanded by 20%.

This is only one of many variations.  The Fed doesn't even have to declare a basket (as mentioned above.)  Whatever it buys will rise in value, and will become part of the 'basket'.  Whatever it abandons will die out.  It will have all the power.

The system will be no different from the early days of gold and silver standards, but with a new twist: there are an unlimited number of new gold and silver mines, and only central banks know where they are!

So, I'm still thinking that gold and silver, whose scarcity is secured by physics, rather than computer code, are the superior forms of money for improving our freedom from governments and bankers.

You're right. There are way too many cryptocurrencies in circulation in the world because that will make it harder for crypto adoption as an accepted method of payment because there isn't a single one. Now a lot of people are just creating coins and using them to scam people and make themselves rich instead of its original purpose as a currency

indeed cyrpto money has no rules on limiting the amount of circulation, this would make it difficult for some banks in the world to make crypto become real money if the local government doesn't make some rules for its own country.