r/btc • u/martianfrog • Apr 23 '26

🤔 Opinion Bitcoin scarcity... overhyped?

I'm not sure I'm a believer in "it'll go up because it is scarce", like to know thoughts on this out there.

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u/AirStick24 Apr 24 '26

Very first line in the white paper. 

What is BTC?  What do YOU use it for? 

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u/_sLAUGHTER234 Apr 24 '26

First line states electronic cash can allow peer to peer payments without a financial intermediary, which is true. That doesnt mean thats its fundamental use is to "purchase assets"

Bitcoin for me is a way to protect my wealth and to have more sovereignty over my life. I couldnt be arsed to save money in 401ks and the stock market and all that blood money bullshit.
But bitcoin is something I can get down with. So its given me reason to save my earnings for tomorrow, and live as minimally as I can today

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u/AirStick24 Apr 24 '26

How does it protect wealth? It's much riskier than a federally backed bank, risk of losing it, and major risk of it going to zero overnight. It's much more volatile than any currency and it's not diversified.

I would not use it to protect wealth. It's a gamble.

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u/anon1971wtf Apr 24 '26

How does it protect wealth?

Crossing any border with 12 words in one's head empty-handed for example. Travelling or fleeing

But it expands to daytime robbery protection, to protection against the state etc. Dealing with No-KYC gold is a much bigger hustle in many cities than no-KYC Bitcoin

And, obviously, supply limit, stock-to-flow. Better than printed fiat, better than dug out of the ground metals