-
Another favor proponents love is that the amount of bitcoin that will ever exist is limited by design, and isn’t controlled by a central authority. This is important for people who want to use it as a store of value because there’s no way, for example, that a central bank decides to issue a fresh batch of bitcoin equivalent to 1/10 of the coins that already exist, like they do with the currency currently, and which incorrectly managed can lead to a devaluation (see Zimbabwe’s trillion dollar bills for an extreme example).
Unless a wizard(ress), AI, or quantum computing do something beyond our current comprehension of what computers can do, once the last coin is mined, that’s it. Bitcoin can be subdivided, so if it increases in value you can pay with smaller fractions of it. The inherent scarcity of it also makes it attractive to people who have grown averse to quantitative easing aka money printers go whirrr.
You are reading a single comment by @Leshaches and its replies.
Click here to read the full conversation.
Leshaches
Lost me slightly but that's still the furthest I've ever got in understanding Bitcoin, so thanks