> Bitcoin and network effect? - Check

A network for a currency would be a circular economy of buyers and sellers. There's no such thing.

> Controlling Money Supply in Bitcoin? - Check

Controlling doesn't mean limiting. It means the supply can be increased or decreased to match the goods and services on offer.

The supply of Bitcoin can not be decreased and not be increased above 21m.

> Control of supply in goods and Services in circulation and offer is NOT needed (wtf?!?!). —

Nowhere did I say "control of supply in goods and services". We live in a free world and can offer as much or as little as we like.

However the supply of money has to roughly match the supply of goods and services for prices to be stable.

> Otherwise gold would not function at all.

It doesn't. There are as many shops doing business in gold as there are in Bitcoin. None.

> So honest question: What is the Problem again?

The above.

Reply to this note

Please Login to reply.

Discussion

Sorry I think we won‘t get to a Common Sense.

All I can say is

Sry sent by mistake…

All I can say is:

How can you deny the network effect? This is just plain naive. Bitcoin Adoption is growing everywhere.

Circular Economy is not here - YET.

Bit you know what? This is exactly how a Network effect would come in place. It doesn‘t make a big „BANG“ and everything is there at once.

Instead naturally growing - that’s exactly whats happening now.

Monetary Supply has NOT to be decreased or lowered to match goods and services.

If you believe so I don‘t think we can come to a common sense 🤷‍♂️.

In the past humanity used Gold coins.

The Problem with that was not the fact that the Gold coin Supply couldn‘t be increased fast.

(First time I would hear this argument)

The Problem was the divisibility, the transferability and that it could be altered with (which was done a lot)

But all of these points are solved by Bitcoin.

So again - I don‘t see your arguments. In my view they are plain wrong 🤷‍♂️.

So I guess: agree to disagree?

But I would love to have this conversation again in 5 years!

Especially regarding the newtwork effect 😊.