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50 sats \ 0 replies \ @DarthCoin 1 Apr 2024 \ on: What if there were not enough BTC for us Bitcoiners? bitcoin_beginners
There are 2 approaches to this fallacy "not enough bitcoin"...
- Those who follow to get rich in fiat by only buying and holding BTC (doing nothing with it) are the losers. They always think that NgU technology will make them rich. It is wrong assumption. Those billions of trillions of gazzilions they hope will get, nobody in the end will want them anymore.
People will want sats. So the hoarders in the end will have to spend their holdings. That means they will put back in circulation all their stash.
- Those that see Bitcoin as simply money, will create value and make Bitcoin to circulate around. Bitcoin ONLY by making it to circulate will create value. There's no other way.
For more we push out fiat from its existence, more value will be created with Bitcoin.
Bitcoin in itself do not have value, but products and services have value, expressed in sats. Those sats are the energy used to create those products and services.
People wrongfully think that Bitcoin value is expressed in USD price... totally wrong.
The amount of bitcoin you pay for a product or service is the price of energy used to create that product / service.
Here, in one image how bitcoin and value flow...
https://m.stacker.news/24409
Do you want to read more? Here is an excellent article by Jeffrey Tucker:
https://fee.org/articles/what-gave-bitcoin-its-value/