It doesn’t make it obsolete… rather it’s… similar to gold or silver.

Bitcoin in a lot of ways is digital “gold”.

But I do agree in the sense that… Bitcoin is BETTER than gold/silver… and the reason is mostly what you said…. The cost to create a bitcoin is far greater than the cost to create an ounce of gold.

And to further it…. There is a finite number of bitcoin that is a KNOWN variable… Gold, Silver… any physical tangible asset… does not have a hardline supply limit like BTC.

Bitcoin will only become more and more expensive to create. Ultimately ending with no possible way to create more. This is when 1 bitcoin will be worth several millions.

I get a TON of hate and heat here for my BTC posts… it seems about half of this board believes BTC/crypto is part of the deep states control… but they are absolutely incorrect…. Bitcoin is the chaos that drives them crazy and destabilizes their control over the world’s finances. They believe I am just shilling it to try and pump my bags, but I am shilling it because I know the more people who adopt bitcoin, the less control the likes of Blackrock and Vanguard will ultimately have over us. They can own 70% of the USD supply but they will never be able to own more than 3-5% of the bitcoin supply. The amount of control they have over bitcoin is STAGGERINGLY less than USD/Fiat markets, and they can NEVER achieve similar on crypto markets.

What we need is for the banks to collapse…. Then we will see how good crypto and bitcoin actually are. We saw it in Venezuela not that long ago… was a pretty sight :D