Post
Topic
Board Bitcoin Discussion
Re: Malthus Catastrophe - Thanos's Ideal - Bitcoin Supply and Increasing Demand
by
nelson4lov
on 15/04/2020, 17:56:35 UTC
Firstly, it's an undeniable fact that the population rate in the world is growing at unprecedented levels. I'm also of the opinion that the universe always looks for a way to keep everything balanced because if population is left unchecked, it can cause some serious issues in the long run.

What is the purpose of Bitcoin purpose? If not trade, what is it? Maybe it is used only as a value storage tool like gold. Can this shared goal with gold save the bitcoin?

Bitcoin was originally created to ushered in a  decentralized era. In a world heavily dominated by governments and top organizations, there was a growing need to put some power back in the hands of the people. While this was Bitcoin's original purpose, Bitcoin has since moved to become a lot of things including acting as a store of value, serving as a standard for peer-to-peer payments and transactions, it even acts as a solid source of income for a lot of people. That said, I believe that as more BTC get into circulation, more and more people will get to own bitcoin. We might still have a monopoly but it would be at the bare minimum.  This hasn't been empirically investigated though – we'll have to see how things play out.