Isn't BTC supply also artificially limited? I though that was the whole point so it wouldn't become 'inflationary'?
I can't stop being amazed by the persistent denial and non-sequitur arguments made by many BTC fans as to why none of the problems BTC has been suffering from are relevant and how BTC is nothing like a tulip bubble or a pyramid scheme, or a scam, or whatever, but the 'money' of the future. Huge price swings, theft, illicit trade, failing exchanges, problems withdrawing or converting BTC, yeah sounds like a great alternative to 'money controlled by central banks' :-S
It's just like gold, silver, and it's definitely much better than fiat, because... it's THE FUTURE, it's FREE, and it uses TECHNOLOGY!
It's limited in a known and consistent way. I'd say it was artificially limited if there was a person telling you you can't get more than 1BTC/mth while others could find a way to work around it.
Basically it's "world cannot produce more tulips" -vs- "I forbid you to start your tulip farm using law and crazy high prices". One of those will fall, the other will not. I'm not saying it's not a scam, that early adopters don't have leverage, that there are no problems, etc. Only that tulip mania does not apply here.
I can't stop being amazed by the persistent denial and non-sequitur arguments made by many BTC fans as to why none of the problems BTC has been suffering from are relevant and how BTC is nothing like a tulip bubble or a pyramid scheme, or a scam, or whatever, but the 'money' of the future. Huge price swings, theft, illicit trade, failing exchanges, problems withdrawing or converting BTC, yeah sounds like a great alternative to 'money controlled by central banks' :-S
It's just like gold, silver, and it's definitely much better than fiat, because... it's THE FUTURE, it's FREE, and it uses TECHNOLOGY!