I’m skeptical of your “btc is an appcoin for pmts” theory

in bitcoin •  7 years ago 

Market dominance will most likely be metric people care about. Why would anyone want to own an asset that is comingeled with a bunch of other currencies — it makes the “scarcity” argument weak when you can just use any other coin that is cheaper, faster and just as widely adopted

Market dominance will trend to zero, it’s not expensive to spin up an altcoin and pump it. There is no scarcity of digital tokens, only scarcity of bitcoins. I’m skeptical of your “btc is an appcoin for pmts” theory, I think of it as a money.
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Fair enough. But help me understand why scarcity of bitcoin should matter when other digital assets can serve the same function as Bitcoin when it comes to “store of value, reserve currency (debatable), and medium for exchanging value.”

Once Satoshi gets control again he/she will introduce the aspects the developers don't understand about building a cash system. It has to create value to grow & it does for the miners but what if it also created revenue value for the users. This is the mincome portion of the plan

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