Quote from: Alpha Marine on Today at 02:37:21 PM

Quote from: AlphaBoy on Today at 02:13:18 PM

zero phyiscal value, what gave it a value is demand and supply, the more people want it the more price it gain.

Now you're making sense with this. Demand and supply rule everything. If nobody wants bitcoin it would be worthless, if nobody wants Tesla or Apple stock it would be worthless even if they're back by something. If nobody wants gold it would be worthless. Demand and supply. Why do you think most altcoins remain less than $0.005 all their lives? Simply because nobody wants them.
So don't say bitcoin is backed by the dollar when you know that it's back by demand and supply.

Quote from: AlphaBoy on Today at 02:13:18 PM

and this is where Satoshi master plan will come to real, once the last Bitcoin mined (92.5% of the Bitcoins are already mined) there will be no more supply but only demand, Bitcoin's price might get to 200K per one Bitcoin meaning that Satoshi will be the rich enough to buy an entire country.

If I had to Guess I'd say his plan is to create a utopia for smart people

2140.
That's not just a number, that's a year. That's the tear the last bitcoin will be minded. That's 116 years from now. So let's assume Satoshi was 18 when he created Bitcoin in 2009, he'll be 33 now. I've never been so good at maths but if my calculations are correct Satoshi would be 149 years in 2140.
So except Satoshi is one of the Salvatore brothers (most likely Stefan), I don't see how he'll be alive to make so much wealth and create a Utopia country for smart people.

Buddy according to coin gecko 92% been mined in what? 16 years? what make you think that the last Bitcoin will be mined in 2140?

Satoshi wasn't smart, he or they was a genius and genius people tend to see money as nothing but a tool, a tool that help them get by.

the Utopia Satoshi want to create will cost a fortune and the fortune will come from the fact that he/they owner 5% of the total Bitcoin.

again, Bitcoin has no real use at all it has no physical form nor backed by anything but the Fiat that people pay to get it.
perhaps will have a semi physical form once a country use it to pay it employs as part of the backed up will be in goods this country produce and the only country so far think of this is Nigeria and it's a poor country so this won't save Bitcoin.

you my friend are the only person who understand me and see the point of this post so let me ask this to see how far we agree here.

1-you agree that once people don't pay any fiat to get Bitcoin it will lose it value?
meaning it's backed or semi backed by fiat

2-once the fiat that people pay lose it value Bitcoin will have the same or similar value to the fiat it been backed in?

3-Satoshi has a bigger plans than what we see or think and his plane will be executed once Bitcoin hit a huge price?