Post
Topic
Board Speculation
Re: 21 BTC = inflation-adjusted $millionaire in 12 years
by
kehtolo
on 20/04/2017, 08:32:53 UTC
Sorry, rickadone.. but that's all wrong.

I know that Satoshi was well aware of the Austrian ecconomic principles of 'sound money'.

The limited supply is a key component of that. - This means it's 'scarce', which leads to it being a good store of value.

If that ever changes.. i.e. if the fixed limit ever increases.. it becomes useless as a store of value. (inflation)

Not usable as a SOV for 200 years? Please.. many people use it today for this reason. (I have being using it to save in)

I stored €880 of VALUE in bitcoin in mid 2013.. it has GAINED in value now to be worth some €11,500

.. i'll say that is a GREAT store of value that I am using right now. Not 200 years into the future.

In fact as long as the price of 1 bitcoin does not drop below €88 - then my value will have been well stored.
Ergo. It is currently a store of value.
Try getting anything like that from a bank or another asset class. (That is under 4 years btw)