Tell me how Bitcoin is not cryptocurrency. If you can't, then it is cryptocurrency--crypto.
Discussion
Say that out loud and relish how dialectically illogical it sounds.
What happened? A cat got your thumb!
Lol! Having trouble articulating!
The ball is in your court. Tell me how Bitcoin is not cryptocurrency (which is what "crypto" is short for in this context).
I'm waiting.
Otherwise, Bitcoin is, in fact, "crypto."
People losing their bitcoin or losing their keys does not make it Deflationary in fact that would make my stack more valuable
Consider the following:
- I create a digital coin. There are 100 of them, fixed. Never any more.
- One person has 10 of these coins.
- Said person drops his phone in the toilet, ruining his key. Or he forgets his passphrase.
- His coins are effectively GONE from the system. They are cryptographically impractical to recover, and if they can be recovered, then the whole system is broken.
- There are now 90 coins, where there were once 100.
- The currency has deflated.
Now replace "100" with "21 million" and you have Bitcoin. It deflates over time.
Cryptography is something that’s in bitcoin. It’s just one aspect my friend. Start learning and you’ll see what I mean.
GN! 🫂🤙🏽