Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Torque
on 17/01/2018, 13:35:58 UTC
If Satoshi wanted bitcoin to have no serious store of value, to promote quick-dumping instead of holding, he could have made a dogecoin-like scheme, with billions of coins and infinite inflation. But he didn't.

It's very unlikely that you realized this ...after BCH was created. Everyone knew what BTC is (scarce, limited, promotes hoarding instead of spending) for years. But you were interested then and lost interest after BCH? Lol...

However, even if you misunderstood what Bitcoin is, there are plenty of altcoins with problematic store of value properties, including bitcoin forks that will run into a tail emission requirement (since it won't be able to support itself with fees), that can suit your "needs" of a devaluating coin.

DEAD ON +1000

If no one ever held btc, it would never rise to the marketcap that Satoshi imagined long term. Just having high money velocity alone would never have achieved it.

Couple that with the fact that no one, NO ONE, goes through all the hoops and hassle and linking bank accounts and fees to buy bitcoin for the purposes of turning right around and spending it online somewhere. NO ONE. This was true even 4-5 years ago when fees were essentially non-existent. To say otherwise is being completely disingenuous to reality. The amount of e-Commerce going on in the crypto space is so miniscule it is almost laughable. I bet worldwide face-to-face bartering of goods beats it by 1000X order of magnitude in terms of fiat amount traded.

Peter R. is dead wrong on this issue.