bee tee see

[Anonymous No.57388775]

if btc becomes the world currency sometime in the year 4 billion, and 21 million are hoarded away, how will people use it to buy shit?

[Anonymous No.57388912]

>>57388775

First of all, we probably won't be around in the year 4 billion. Secondly, even if we are, cryptocurrency will be long gone and something far more sophisticated will have taken its place. Finally, even if by some miracle bee tee cee is still around in 4 billion years, there will be so little of it left that it will be divided in to satoshis.

[Anonymous No.57389067]

>>57388912
what if its not 4 billion and something like 2200. most people think the last bitcoin will be mined around 2140, and i'm ignoring the 20% lost bitcoins

considering the ever-decreasing value of fiat it seems very likely people will use btc as an alternative because of its seniority.

since the supply of btc is finite, it'll be constantly deflating so people are more likely to stuff it under a mattress than to actually use it. what happens then? doesn't that defeat the libertarian pipe dream of bee tee see being an actual universal currency

[Anonymous No.57389155]

>>57389067

Even then, there's a good chance cryptocurrency will have been replaced. Quantum computers pose a large threat to the future of cryptocurrency, as does future technology. But lets say that doesn't happen, and bitcoin is still around 2200, it will not be used as a currency. We won't ever be using bee tee cee to pay for things, it is simply too volatile. It will likely be used as a store of value and stable coins will be the money that is actually used to buy goods. As for the dwindling supply, this will only increase the value of bitcoin, and it will continue to be divided further and further as supply decreases. Maybe at that point in the future, if own 1 BTC, you will be considered a god.

[Anonymous No.57389235]

>>57389155
does that mean the whole idea behind bee tee see is flawed to begin with? was satoshi nakamoto an idiot who failed econ 101?