AIhasUse

Bitcoin prevents the arbitrary creation of new currency by a single powerful entity. I don't know who told you that creating tons of usd can't affect inflation, but you literally will find no economist claiming this. This isn't in the slightest a disputed claim. It seems like you've come into economics through some sort of anti-crypto mindset, and now you just assume that anything you heard from a "cryptobro" must be the opposite of the truth. Just take a sec to think about how people who are always wrong have created the 9th most valuable asset in the history of the world. Maybe your armchair hunches may need an adjustment.

The currency doesn't affect inflation? If every day the number of usd doubles, would that increase inflation, decrease it, or keep the value the same? That is extreme, but it should really clear things up for you.

You are right that if there are less oranges and the same demand, then oranges will go up in price. Now apply that same logic to the currency itself. If there is more of a currency and not more demand for it, should the value of that currency go up or down?

This really isn't complicated economics, I guarantee that if you crack open any intro to economics textbook, you will have your current understanding completely annihilated.

It's going fantastic for El Salvador, I don't know why you would think differently. It is hilarious hearing someone say you can't use btc in the real world. I use it for Uber, airbnb, groceries, amazon, flights, restaurants, and way more. I think you are imagining the state of bitcoin at least 7 or 8 years ago, things have changed tremendously. The largest retail stores in Japan accept it directly. Many of the largest stores across Europe take it. There are countless resteraunts all over the world taking it directly. There are literally thousands of atms across Europe that will exchange it for cash. There are many 2nd world countries that use it regularly across Africa and South East Asia, South America, the list goes on and on. Your information really truly is way outdated. The future got here long ago, but I guess there are still bubbles of people completely oblivious.

We shall see. At the moments both Dems and Republicans are discussing it, it is becoming a non-partisan issue as we speak. It is a matter of getting ahead of any other country that realizes its value and use. Citizens are welcome to come along for the ride and help equalize wealth inequality, or they can stay uneducated and bitter and stuck in the past.

Yeah, heard it all before. They said nobody would ever give real money for internet points. They were wrong. They said a bitcoin would never be worth a dollar. They were wrong. They said no government would ever acknowledge bitcoin. They were wrong. They said no US government would ever accept bitcoin for taxes. They were wrong. They said no government would ever make it a national currency. They were wrong. They said bitcoin will never be worth 10,000 USD. They were wrong. But sure, I'm sure you are positive it will never go any further, that governments would use it as a reserve currency. I'm sure you're accurately calling the next line.

If half the world is nuked to hell, then gold or special paper isn't going to buy you bread either.

Only one way to find out who's right, the people who have consistently been right for over a decade or the people who have consistently been wrong. You're free to place your bets wherever you choose. If you prefer your value to disintegrate by inflation to save your fragile ego, then more power to you, it doesn't change what's happening in the slightest. Upcoming generations can see it clearly, you can be the elder stuck in the past or the one that embraces the future. The only one that it affects is you. Your choice.

Lightning network doesn't involve trusted 3rd parties, and it is directly connected to the blockchain in a trustless 2nd layer network.

Whatever, sometimes it's volatile, that has decreased massively over the years, and during all that volatility, it was consistently rapidly increasing in value. Not only is it not inflating like even the best fiat currencies, it has outperformed every other asset or investment in the last 10 years.

Pointing out that you are talking with confidence about things that you can't even be bothered to research is an important thing to say because there are people who will mistake your confidence for actual knowledge. The appropriate behavior is to research and say things you learned. When they are refuted, you should check to see if maybe you were mistaken, not double down because you dislike the feeling of being wrong.

A large number of Democratic politicians just signed a letter saying they want the exact same thing. I just posted it in a comment, or you can search it. They released it on July 26th, 2024. I commented it yesterday.

Governments do want BTC, and governments all around the world are holding it. Every year, governments hold more and more of it. This is public information. The fact that it disagrees with your imagination doesn't change the facts.

An agreed upon set of rules where everyone has an equal opportunity to support the system in exchange for a reward. If you get caught printing usd, then guys with guns come and shut you down because you're not allowed to do that. Only the government can do that. In BTC, everyone has equal rights to it, and this right is enforced by math.

Monero does have some nice aspects. Lightning takes care of some of it on BTC, although not entirely. I wouldn't be too surprised to see even more in that direction on layer 2.