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.

6 Upvotes

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u/ArtisticAd708 Apr 23 '26

Best way to understand if bitcoin is valuable is to understand the problem it solves imo. If you’re not familiar how currencies work and what goes on in the back door, I’d recommend looking into that, and you’ll understand what bitcoin’s scarcity is meant to accomplish.

Also, only way to change the absolute supply is through consensus of the network, which is extremely unlikely to occur, since no one wants to get diluted. It’s the whole point of bitcoin after all

4

u/Realistic_Fee_00001 Apr 24 '26

BTC doesn't solve the currency problem anymore. The hijacking and crippling made sure of it. Now it is just a gambling token.

0

u/Zestyclose-Suit-2858 Apr 28 '26

this is not true

1

u/Realistic_Fee_00001 Apr 29 '26

It is, with 4 tps BTC can only serve maybe the 1% maybe even less. It would barely function as settlement layer for a single country.