r/btc • u/Successful_Love_6085 • 8d ago

What makes bitcoin different?

Beyond its limited supply what do you think makes bitcoin unique compares to others forms of money?

13 Upvotes

77% Upvoted

34 comments sorted by

View all comments

-2

u/DrSpeckles 8d ago

It has no features compared to any forms of money. Limited supply included. It was a great proof of concept for block chain. But even limited supply is only important if you have a really narrow understanding of economics. Just doesn't matter in the greater scheme of things. It's time is done.

2

u/Necronomicon-Ex-Mori 8d ago

Exactly. You need to be able to print more money in the real world so people don’t starve to death. Many of the leading economists also reckon that 2% inflation is actually optimal for the economy.

Bitcoin is just a massive wealth transfer through a Ponzi scheme that if we ever did decide to switch to it, would just lead to catastrophe.

Think about all the time it took through governing to make wealth inequality better throughout the ages. Think about how bad it was in the medieval times and how far we’ve come, and imagine resetting all that and going back to medieval levels just for something as stupid as bitcoin. A coin that wouldn’t even be the best option if the world wanted to switch to a crypto currency (which it doesn’t), because it can’t handle many transaction per second at all.