@Porwest
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Is a limited coin supply actually more problematic than helpful if crypto is to achieve its goals and objectives? I think it is a fair question, and in this article I lay out my thoughts and ideas on the subject, and pose a question for those who have been around crypto longer than I, and who probably have a better understanding about it than I. I value the opinions and ideas of others, and that's why I share. I would like to know what your thoughts are on this. https://read.cash/@Porwest/is-growth-and-accumulating-wealth-possible-with-a-limited-money-supply-6981cbe4
2 comments
Couple of thoughts, as this is a long one and I'm at work and won't be able to provide much greater insights for now. The limited cap supply resolves one of two parts of the supply vs demand equation. We know how much there is of a supply, therefore we just need to figure out the demand. This by itself turns the asset deflationary, meaning it gains value over time and you won't see holders of the coin losing their purchase power like is happening on Turkey right now. In theory, of course. Because in practice, there's the market volatility and manipulation saying it's not so linear. Those 21 Million Bitcoin will be more than enough for everyone, rest assured. Every single satoshi is programable and divisible into more fragmented units, if needed. There's a story that claims Nakamoto did the maths and 21M Bitcoin dividing by 7 Billion people would equal 300 satoshi per person. But you can sub-fragment those 300 satoshi, if needed. It's in the code.
Hmm. Very interesting. Thanks for the insight. More for me to digest.