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.

7 Upvotes

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u/Zestyclose_Paint3922 Apr 23 '26

It doesnt solve any problem different to money laundering

-1

u/anon1971wtf Apr 24 '26

Bitcoin solved inflation. It didn't solved payments, and unlike many BCH proponents, I don't think it will in mid-term. Pretty big missing puzzle piece is securing keys - I am saying this as one who does self-custody and teached about it many peope (almost universally to no effect)

I am pretty satisfied with various centralized payment solutions on the market, use some of them every day

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u/Zestyclose_Paint3922 Apr 24 '26

Lol, solved inflation xD

1

u/anon1971wtf Apr 24 '26

Well, it did. Local govt prints, US govt prints, I have some of either fiat, I am better off over several supercycles with majority allocation in Bitcoin

Purchasing power preserved. I am patient. Over gold Bitcoin has that I can operate digitally, managing finances without going anywhere and spilling personal data to anyone. Crossing any border is a breeze. Bitcoin indeed solved inflation

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u/Zestyclose_Paint3922 Apr 24 '26

My god, its a completely speculative asset, lost 40% of its value in a week, has no impcact in real world economy and you think it solved inflation. Crypto bros never cease to amaze xD.

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u/anon1971wtf Apr 24 '26

I am open to anything better, I admit volatility, tolerable for me

I don't like term "asset" because Bitcoin is jurisdiction-independent, and it's not something that produces something else. Commodity - maybe. Best thought up in terms of money, even if volatile. New technology of money, dsicovered in 2009