>>10749Also the idea that "bitcoin is inherently valuable because it has a limited supply, just like gold" is absolutely retarded.
Gold is valuable because:
a)it has a limited supply
BUT MORE IMPORTANTLY
b) there is a limited number of types of precious metals that will never change
Gold is rare metal now, and I know it will still be a rare, valuable metal in 5000 years time.
I trust that God is not going to start inventing hundreds of new types of rare metals.
Do you think gold would still be valuable if God invents Gold2 tomorrow, and then Gold3 next year?
Do you think anyone would say gold was valuable if God kept inventing new rare metals every year? Why the fuck would I invest in Gold if I don't know if God is going to just invent GoldLink or GoldCash next year and everyone will be hoarding that instead?
This is the exact situations with shitcoins. But it's even worse because there's no God overseeing it, anyone can just create a new type of shitcoin out of thin air. There is an infinite supply of shitcoins. How can that possibly be valuable?
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