Post
Topic
Board Bitcoin Discussion
Re: A new milestone for Bitcoin. Today it breaks $100,000!
by
cr1776
on 05/12/2024, 02:51:07 UTC
Another milestone.  The same type of people saying "it's a ponzi/tulips/dead" haven't change since well under a dollar in 2010 and dollar parity in 2011. Etc.
Compare Tulip mania to Bitcoin is bad, because tulip bulb supply is unlimited, inflationary but Bitcoin supply is inflationary but with less and less inflation rate with time. Since 2009, there are 19.79M bitcoins were mined from Bitcoin blocks that account for 94.24% of Bitcoin total supply.

There are not too many bitcoins from Bitcoin block subsidy until 2140 from Bitcoin mining.
https://en.bitcoin.it/wiki/Controlled_supply

Exactly and yet the same type of people are saying the same things with little understanding of the protocol, the software, or economic incentives.  Among other things.   Peter Schiff said it will "never hit 100,000".  And like others, I'm sure nothing will change his mind.