Quote from: Astrovibes on September 15, 2018, 09:59:33 AM

Quote from: Sracedofwoman on September 15, 2018, 09:53:18 AM

Quote from: ObsidianCharlie on September 15, 2018, 09:34:13 AM

Quote from: Artofmovement on September 15, 2018, 09:23:51 AM

The demand will outpace supply and price will rise so its temporary inflationary nature until the cap is reached is irrelevant.

Oh okay so nothing to do with inflation, just speculating on price going up.

I dont like the government to be able to tamper with the money supply. Thats my issue. And fiat loses significant value over the long term.

Do you actually live in a country where this is a problem? Has this actually impacted you or is it more of a theoretical problem?

Saying that "fiat loses significant value over the long term" is naive. You could buy a loaf of bread for a nickel 50 years ago, but you also got paid in nickels.

Also, it kinda does affect me even in the USA. I personally would like to have a certain percentage of my net worth basically in cash for safety and security. If I choose to put it under my mattress I lose 2-3% every year due to inflation. I could put it in a bank, but if the shtf in a financial crisis maybe I would never see that money again. I dont trust the government or fdic if things go really south. However if Bitcoin becomes widely adopted and I put my money in bitcoin I can reasonably expect the value of my money to rise over the long term. Id rather choose bitcoin.