With global markets headed towards an economic downturn once again, I'm reminded of why Bitcoin was created in the first place... centralized financial institutions cannot be trusted.
But as the fiat currencies like the dollar continue to deteriorate in value, it's becoming increasingly clear we need a real alternative.
It seems Bitcoin Core has embraced the digital gold narrative, which fails to achieve the original goal of P2P electronic cash. Do these developers really know better?
Not the issue. The design of BTC is best for hodl+investment. Why is that the ever shrinking rewards cause BTC to become more costly.
How would you like to have spent 10,000 btc for 2 pizzas?
Even now at 68k a coin how would you like to buy a new car for 1 btc and in 4 years that same 1 BTC is worth 4 cars.
The small minded people in the rule do not understand that Scrypt merge mining of LTC Doge and now Bels is the better designed p2p system.
Why because Doge never runs out of the 10,000 coin reward for each block.
instead the inflationary rate of doge is a controlled endless descent toward 0%
year 1 = x Doge coins
year 2 = 2x doge coins omg 100% inflation
year 10 = 10x doge coins
year 11 = 11x doge coins hmm down to 10%
year 20 = 20x doge coins
year 21 = 21x doge coins wow down to 5%
year 50 = 50x doge coins
year 51 = 51x doge coins only 2%. this is around year 2061
year 100 = 100x doge coins
year 101 = 101x doge coins just 1% inflation in the year 2111
this is far better for p2p than btc's setup
why because doge should slowly grow in value due to the slowing inflation rate.
So paying 68,000 usd worth of doge today for a car should mean maybe it is 95,000 or so in 4 years not 680,000
thus bc continues to fail and a true p2p coin.
but way way way way better as buy and hodl.