Your dollars already do get more valuable over time wrt consumer electronics and cars, yet people still purchase them en masse.
Many still spend in a deflationary environment, they just do so with far more care about the product and it's longevity.
People will invest also, though only with a expected return greater than deflation gains.
Instead the status quo is being forced into overvalued equities or real estate investments. There's no real option to be a saver in the western world anymore.
No one measures the marketcap of gold or soybeans. When was the last time someone mentioned the marketcap of the USD?
It's an absurd metric made worse by the fact that more coins are issued every 5 mins. If price remains the same virtually all coins will go up in marketcap regardless.
Apart from the asteroids packed with precious metals or water/zero-g vacuum manufacturing /virtually limitless solar energy and near earth rendezvous from interstellar objects?
> All it takes is a change in the media narrative.
Every article I read in the media has huge negative sentiment already. Can you point to some positive articles about bitcoin? Seems to be very few going around, it's all bubbles, energy consumption, hackers, ransomware and terror funding.
Wondering how the narrative can change for the worse from here.
> worth pointing out that less than 1000 entities owns 40% of the bitcoins
The fiat equivalent is saying 10 entities own most of the USD in the world. They are banks with liabilities holding money for others.
Of all the bitcoin conspiracies it's provably false yet people somehow gravitate towards it.
Do worry how easily people and especially journalists fall for this. Go click on the top 10 addresses in a chain explorer, please. They are all exchanges.
The most funniest part of this oft-repeated argument is that currently bitcoin blocks are full, the mempool of pending transactions is at record highs and people are happily outbidding each other in fees.
Though apparently no one is using it if you listen to the internet.
There's a massive dichotomy between the cryptographically provable transactions and commentary. Someone is obviously using bitcoin. It's at max capacity.
So if China were to split into 10 different countries it would somehow become an acceptable level?
Per capita is the only equitable measure of pollution.
I certainly agree overpopulation of the earth is a tragedy likely felt for generations, but petty bickering over these very issues is why global leaders can't make any progress in greenhouse gas emissions.
If i gave you a search algorithm with a big db then asked if it could done quicker would you prefer to spin up more cpu's or try to improve the algorithm?