Post
Topic
Board Bitcoin Discussion
Re: Bitcoin as Store of Value - Not Sustainable
by
Hydrogen
on 12/12/2017, 01:30:31 UTC
On the contrary, the value of bitcoin should rise consistently as it proves itself a more reliable and cost effective means of storing value than other investment vehicles. By the time, bitcoin's limited supply becomes an issue we will probably have seen multiple recessions and economic meltdowns, we'll likely have seen multiple stock market crashes and possibly even the crash of the dollar and euro.

If bitcoin holds steady without any major malfunctions during what could be a difficult future in terms of economic and financial forecast, its value should climb steadily in comparison to other stores of value.

Introducing infinite supply is to invite the same economic maluses venezuela is experiencing at the moment with the bolivar. Hyperinflation is a real thing. Satoshi's vision was to implement an algorithmic method of currency supply and it might be said that bitcoin's current success is derived from this. If bitcoin had infinite supply and an arbitrary subjective method of supply, it would likely never have enjoyed the success it has.