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For Bitcoin – or any other cryptocurrency, for that matter – to become usable as a day-to-day asset, it needs to be stable. However, most of us are using Bitcoin as a store of value, holding it, DCA-ing into it, and not spending it. There is nothing wrong with this, but it precludes BTC from being used as a real-world currency.

Those behaviors don't preclude anything of the sort--it's just what a lot of bitcoin owners choose to do with their coins, and they certainly could use it as a form of money. It's not like there aren't a ton of merchants who accept it as payment.

This article reads very much like the typical precious metal permabull propaganda that I've been seeing for over a decade (and it's been written for much longer than that). It is true that a currency meant to be spent should either be stable or inflationary (to discourage hoarding), but my question is this: Most of us know this, and it isn't something that hasn't been discussed hundreds of times before across the internet. What's the point of this article, exactly? And by "point" I mean why even write it in 2021?

Quote from: RealMalatesta on December 23, 2021, 03:18:03 PM

and we are talking about other coins as well, which will mean people can get included due to altcoins. Most of those coins are either limited (like btc has 21 million cap) or they are unlimited and we get to mine or stake them as well so it’s not all rich people.

Yeah but the problem with altcoins--and even the entire crypto market in general--is that there's absolutely no maximum supply of cryptocurrency. Anyone can start up a coin based on an old one, slap a new label on it and hope people treat it as the next big thing. And wouldn't you know, that's exactly what's been done over and over.

Most altcoins make for better money than bitcoin since they're faster and cheaper to use, and that's fine by me. Bitcoin can remain digital gold, something that people don't spend and invest in just like you would with gold.