Is BTC really that special and irreplaceable?

Is BTC really that special and irreplaceable?

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As a store of value, absolutely.

She is an attractive female

that's one handsome dude.

No, there's already 3 bitcoins

That's a man.

bitcoin is nothing more than decentralized fiat. at least government issued fiat is backed by the governments monopoly on violence. bitcoin is backed by nothing.

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It's a completely new social technology: non-political non-confiscatable self-sovereign extra-hard money. I expect it to precipitate transition of humanity to a completely new economic and social order that will slowly emerge over time.

It's a deflationary currency, un-fiat by default.

No, its outdated and the only value it still stores is from being the first crypto. As crypto its completely inferior to most other big cryptos and as people slowly realise that, it will slowly start dying over the years and others will take it place (such as eth)

yes, it has a uniquely configured fiscal policy compared to anything else that exists. so, literally "special".

at least you can't print more bitcoin

What backing does it have? What creates the value that it supposedly represents? Nothing. It has value because the people that use it agree that it has value. It's fiat.

This

You could basically make this argument for gold though. It has the value it does because people believe that's how much it's worth. Same with BTC. But the more "wealth" that people store in a deflationary currency, the more valuable it becomes.

Taftaj is my wife.
And yes, BTC is special, but not irreplaceable.
It's special because it's the pioneer.

BTC has the strongest network there is. Try 51% attacking BTC. It's difficult. Therein lies much of your value.

BTC is much, much scarcer than Gold. Future generations will gasp when they read convos like this and look at the $9k price for a whole coin. One of only 21M.
You need to think longer term.

yeah it is
no matter what anyone says it's the only one trustless permissionless and secure ledger with byzantine fault tolerant distributed p2p consensus.

>What backing does it have?
that's the point if any asset would back it it would be pointless. as the underlying asset and the token representing it is trivial to split and sell separately.

Gold has a use, though. It's used in electronics and jewelry.

Muh proof of work muthafucka

and bitcoin transacts staggeringly huge sums with no trusted intermediary within minutes across the world for barely any cost in fees relative. something gold can't ever do.

but something plenty of other things can do better.

my god he's beautiful

WHAT?!

How is he so fucking cute?

That argument about electronics and jewellery really sounds desperate now. Like a sinking ship, calling for help.

Don't get me wrong, I have a gold stack, too. Just in case. It's called hedging. BTC and Link are where it's at, and the best bet for securing you and your family's long term security in these turbulent times.

I don't have a family, my wife is infertile

He is an attractive female

this

not really

Lmao look. Usd is shit. Fed prints to bailout businesses while fucking over everyone else. Usd is shit. Btc is basically gold in the early days but more secure. Also, has finite supply unlike usd.