Replying to Avatar The Fishcake (nostr.build)

Hypothetically, if let’s say bitcoin had a fixed yearly supply of new coins, instead of the current halving each epoch and so on, would you think it’ll make it more acceptable for circulation? Yes, I know that you all want to keep it as gold and all, but if it were to be used as a regular day to day currency and not just a store of value, the deflation would definitely hurt that. What are your thoughts about that? I once asked similar question almost a year ago, and had a lot of good and not so good replies. Some admitted that in the end early adopters just want to HODL it and keep it out of circulation, further causing deflation and hurting its adoption.

(There, I made a Bitcoin note 😂)
Avatar
DasFrettchen 8mo ago

What you want is to bring the future to the present. Adoption takes time, people needs to learn abot bitcoin first, only then will they see it as money.

If everyone new about it there will be a 90% adoption already (albeit in the store of value use case). But we are at 1~2%, I only learned about it last year for example.

Patience, the product is good, advertisement is working, time is on our side.

Reply to this note

Please Login to reply.

Discussion

Avatar
The Fishcake (nostr.build) 8mo ago

lol! Time is on nobody’s side, we don’t get younger.

Avatar
DasFrettchen 8mo ago

Well you've got a point there 😀. Still cannot force adoption of a voluntary network.