parroting the meaningless rhetorics spinned by the crypto mafia. to the extent that you can't use BTC to buy grocery items / food / a share of stock pay for a meal at restaurant pay for a ticket to a sporting event, concert, cruise, airplance tide, etc. there is no monetary property
Even the idiots over at Investopedia understand that money has more properties than just acceptance at the grocery store.
just because the discussions at Investopedia are above your head. have btc zealots like you ever purchased grocery item w btc. if yes, elaborate. if no, why not?
I am interested to see what happens when the final mineable coin is mined. Off the cuff it seems like it should give rise to strong, conflicting after-effects both bullish and bearish at the same time maybe? The finite coin supply is very much in bitcoin's favor for price upside. I just wonder if the miners all move on to the next coin and start hyping it as they do, whether that might push it to the background a bit, too, over a longer term? I think its a situation without any analogous cases that are redily apparent to me and as a result might produce unexpected results. I do think the never-sellers will keep the bottom from falling out. But volume may start to decline by a bunch which, if it shrinks enough, can lead to weird artifacts.
wtf are you talking about? I can sell my IBIT during working hours and pay off my robinhood cc instantly. you have a fanatical view about money. Its as if yiu believed the USD has been around since the beginning of time
i believe the USD will outlive BTC before the next new fad comes along if nothing, this recent announcment by the ultimate influencer, who has filed for bankruptcy protection more than 6 times, serves as a warning to the zealots to exit or trim
After the final mining reward drops (2140 or something crazy like that) the network will still pay miners to secure it. Centralized scams and their hand waving bullshitters will always exist but they come and go like beanie babies and laboubous because they lack any utility. Miners have already left btc to chase those short term returns, gotten burned, and returned to the fold over and over again. I don't expect much new to happen when the mining rewards run dry. The inevitable and visible nature of the protocol allows everyone to prepare.
