Post
Topic
Board Bitcoin Discussion
Merits 2 from 2 users
Re: Everyone believes in BTC because of scarcity, how hard is it to increase..
by
pooya87
on 13/07/2022, 05:05:50 UTC
⭐ Merited by ETFbitcoin (1) ,libert19 (1)
That's a very naive interpretation. It's like saying people use cars because they have a window!

People don't believe in bitcoin only because it has a capped supply, they believe it in for a lot of reasons including but not limited to:
- decentralization
- censorship resistance
- cheap transactions compared to other payment systems
- having fastest transactions among payment systems considering both propagation and confirmation (aka being irreversible)
- provides highest security
- and of course because its price keeps rising!

..Supply if validators consent?
Bitcoin is not a centralized shitcoin to have a centralized authority to give consent on changes. To be honest I'm a little surprised to see this question from someone account that is 5 years old!