75 () posted 1 year ago by BigMikesSaggyBaggins 1 year ago by BigMikesSaggyBaggins +75 / -0 50 comments share 50 comments share save hide report block hide replies
BTC is the only currency with provable scarcity.
We would use Funk O pops as currency if we had assurances of a finite supply
I could sell my dogs poop. There will be a finite supply of that because my dog will die eventually.
But we couldn't tell your dogs poop from anothers.
Each block of BTC is unique
Don't worry, I'll give you a unique GUID with each one.
I'll keep my BTC thanks! 10 year record of only going up
Explain to me how it's not another form of FiAT.
I already have if you read this whole thread.
Fiat is centralized; single individuals are able to arbitrarily increase the supply, devaluing currency.
Bitcoin is decentralized, it is hard coded to have a finite supply that can't be arbitrarily altered.