Bitcoin Forum

Is limited supply money such as Bitcoin better over the current forms of money?

For they can be printed out more (EURO, USD etc currency) and gold can be found all over the universe.

Depending on what are you going to do with it. It is obviously better when your savings are growing in price but in this case it would rather be considered as an investment than money.
From the national point of view it is fatal: the economy of a country can't survive with a deflationary currency because it will immediately destroy the export of a country and the entire country would be drawn in shit.

The primary aim of Bitcoin creation was to be a payment method and not a currency. Base on you question i will say yes, the limited in the supply of Bitcoin is more better to that of the fiat which the government can print at any given fucking time without the consent of the others. In my country, many are time, the CB has the power to create money for their own selfish interested, but Bitcoin supply not like fiats.

Is better because if inflation on my opinion, but if people will need more money to buy what they need we still need fiat money to be printed because sometimes need more money on economy.

A medium of payment can be called as a currency therefore bitcoin's creation was meant to be a currency and it's just the same as payment method.

It became better as an investment because of its scarcity.

In a way Yes. High demand and less supply lift the price up but its not the reason why bitcoin is being used.  EURO, USD and all others will still be used but its not that easy to print them out, there are requirements before they do that else the printed money will have less purchasing power. Bitcoin doesn't need this requirements but the blockchain technology where miners mine and us who uses the digital asset.

I think there are no gold mines in India.

Huntercoin was a simulation of gold and bitcoin mining (limited supplies)
It is not a good ending.

The current fiat we have today is a $cam $lavery $ystem
It is not a good current time.

https://www.youtube.com/watch?v=Y7TLFyK_3Pk I explain huntercoin a little in this video and a few other things. I would love to share more with people who are interested in what I see.

I have created a fix (well a thought of one) but everyone seems to ignore it, read over these 3 forum post I think you will kind of understand it, perhaps I should make a better video on everything.

https://bitcointalk.org/index.php?topic=5151153.20 time > fiat (everyone creating the money supply at a fair rate, limited but not unlimited supply)
https://bitcointalk.org/index.php?topic=5141142.0 bitcoin 2.0 (not bitcoin2)
https://bitcointalk.org/index.php?topic=5152409.0 51% hashing power controlling a democracy society
https://bitcointalk.org/index.php?topic=5141757.0 to avoid laws if the governments do not want to help

Bitcoin is better for storing value over time due to its deflationary nature compared to fiat but is on par with gold in the same category. However it performs poorly on being a currency due to its limited supply, and for the tendency of people to hoard it rather than to actually use it. Since bitcoin is decentralized and no single entity controls it, it's a difficult currency to work with for domestic economies given that the supply cannot be adjusted depending on the current economic conditions a country faces.

Limited supply is the key characteristics that makes the market of bitcoin to be progressive. If there is no limitations every user finds way to get it with ease. Even there are chances of fake bitcoins to strike the market though it is completely processed through technology. This being open sourced without flaws keeps everything under limit even when there is no controlling authority.

Limited supply of a particular money does not make it better because it can't be manipulated to suit the economic condition of a particular period. Central Banks are able to control money supply to achieve fiscal discipline when the economic need adjustment.

A better coin not only considers the basic quantity based on its supply attributes, but also looks at many aspects of its coin quality, its role, its importance and its development trend. . In addition, our psychology seems to consider lower supply and better restrictions. in fact, apart from bitcoin, only a few...

Better is a vague statement, each model of supply has many different effects. Limited supply makes the price go up in the long run, provided there is some utility, but in context of Bitcoin this supply is used to subsidize mining - and when it ends miners will have to rely on transaction fees alone, and since profitability directly corellates with hashpower, and hashpower with security, Bitcoin's security will become tied to its popularity, which can be bad if it will be low, but it's too early to make any big statements here, time will tell if it's something that we should worry about or not.

We have severally posited here that the fiat is a walking corpse and it's only a matter of time before the bubble of excessive printing of money will burst. Fiat has unlimited supply, so it falls freely, but bitcoin is fixed and can not be altered, as demand for it use increases, the price gets stronger.

Gold is somewhat limited, rare and theoretically amount on earth is fixed, bitcoin actually mirrors some of the unique features of Gold,just added some notch higher. The advantage of bitcoin having a fixed supply is that it therefore creates a deflationary property which makes it more valuable as time progresses.

The debate between proponents of low but perpetual inflation (like Monero) and those who favor a hard capped supply (like Bitcoin) will probably continue for decades. The jury is still out on that one.

But I think we can all agree that having a predictable supply and inflation rate combined with relative scarcity is vastly superior to the unpredictable supplies of fiat money or gold.

When it comes to money, the more information users have, the better. The transparency of money supply in cryptocurrencies like Bitcoin is unparalleled.

I agree with this, cryptocurrency's scarcity and limited supply helps it save it's value and it is indeed superior to fiat where central banks can print endless count of money which in some countries caused hyper inflation.

Bitcoin is actually not the money by definition but it could be used as such. And its limited amount is kind of disadvantage but it's wrong to think that fiat currencies could be "printed" just like that, that would cause inflation and other iregularities. Every currency has its rules how it's functioning and how it's part of financial system. So Bitcoin has its own defined framework and once supply is filled that might cause increased demand.

In any form either as a Crypto or other traditional physical assets, it is always important to maintain the supply of currency because then and then only the asset earns the value and market start responding to that value. The unlimited supply of the currency lowers the currency value in the global market.

The supply and demand of currency are important in the increase in its value. If a currency has it's limit, the value could still rise better. If a certain currency has no supply limit the demand would have its limit in return and it will affect its value as well as the market flow.

Well for me is not.my own reason is that we still need a fiat money. Why Im saying that bitcoin is not better than current money because money is use all over the world unlike bitcoin is limited use by selected countries.as we all know some country ban of bitcoin.although the value of bitcoin is better than fiat money. But I believe bitcoin is the money of the future.

I think you are wrong, not all payment methods are currencies, for example gold, gold can be a legitimate payment method and gold remains not as a currency. One more, I have bought something in the PlayStore, I use the method of paying credit, then is the credit recognized as a currency?

Actually, if seen from Satoshi's goal, it is true, he created bitcoin to make new innovations in transactions between P2P-based users and decentralization.


I think yes, because bitcoin is more unique than infinite fiat. The popularity of bitcoin is increasing, of course not only from the system it adopts, but from the amount of supply that is increasingly scarce, therefore many people see the potential for bitcoin, so they use it as an investment field.

Actually fiat money and digital money are still interdependent. Digital money is bought with fiat money, and digital money can be exchanged with fiat money such as usd, euro and others.

do you discuss this for an investment value or the use of a currency?
in my opinion, if viewed from an institution or country, the money supply should not be limited but can be regulated by the responsible institution. if a country has limited money but their country does not have the potential to develop then the money will not have value and the country will be destroyed. we are not talking about the benefits of having coins. coins are used as their function.

Limited supply prevents hyperinflation, which is a major problem with fiat. Humans cannot resist the temptation of having too much of the good stuff, thus making it less valuable in the end. Bitcoin cannot be issued or found more than expected and technologically possible. This takes the power from people and institutions, at least in a way not letting them make the currency less valuable. A lot of economists think it's a bad thing, though. They argue that if money gets more valuable, people are not encouraged to spend it ("I won't buy it today, because it will cost me less tomorrow" thinking). However, this assumption presumes perfectly rational agents, and people are not like that. In practice, there just haven't been to many cases of deflation to see whether it's a good model. There have been lots of problems with inflation, though, but economists are blinded by their theories, so they don't seem to care.

It determines the aspect you're talking about actually but we both know that if the demand of currencies printed is lower than supply it will lead to deflation or negative inflation and with bitcoin having a limited supply is better than fiat currency have excess supply. However, if bitcoin reaches the total 21 million coins it demand will be off limit.

Gold can be found, but the metal is not unlimited in existence. The concept of "scarcity" can be used here. The more the scarce something is, the higher the value of that thing will be. Look at what happened to countries that started to print money. The value fell down and became totally worthless. But since, the amount of bitcoin is limited, as more people starts to adopt it, the value will eventually go higher.

Everything has its own limit. I believe you do not know about the currency printing revolution in the marketplace. We see the people are want to have money but to stop some problems only this taxation, land charges and many things have been implemented.

This bitcoin is decentralized money so no one can have the control over it. In that big place bitcoin is standing now. I am not sure how you are saying simply it has limit.

Limited supplies such as bitcoin have the advantage of very fast fluctuations. gold and dollars because they were created in large numbers they cannot have a fast and high price increase like bitcoin, so I think the limited supply of bitcoin has these advantages and is better than gold and dollars in terms of rising values.

It is necessary to take into account that any money is just the equivalent of our existing material values and the cost of the services provided. Cryptocurrency has several advantages compared with the usual currency of the states, however, it has several disadvantages. Therefore, it is hardly possible to compare them among themselves. These are completely different financial assets. Let them better complement each other with their different capabilities.

The normal system of money has history of experiencing inflation but bitcoin being a limited supply of money can evade such problem that are encounter by the other form of money. But I feel when bitcoin becomes widely accepted it would have to adjust to demand

There will be a rational deflation on a very low supply than that of infinite supply in term of money which as at today we have inflation in every country currency of nothing less that 2% .

But in cryptocurrency it is in order way round d which I think is far better and will add value to what you have currently in future rather than devalue o
unlike money.

Well, gold has limited supply too. The ancient world has been using scarce currencies with limited supply for good reasons until recently.
Why people choose Scarce currencies over unlimited ones
1. Scarce is valuable and attractive
2. Scarce currencies are hard to fake.
3. They are hard to manipulate.
4. Requires alot of hardwork to create.
5. They last very long
6. They increase in value

If the universe is infinite, there is an infinite supply of gold.

Awww i think investing in bitcoin is better than Gold.. And i also think that gold is not better.. well  it totally depends on you that what  you chose or what you skip..

Gold is also  infinite.. these all are gold properties???

limited coin that mean every time coin will have a limit stock and can't build more.
i think that is good for coin growth, becuase when coin is hard to find this will automatic make a price grow up.
this is a good marketing strategy, we can look a limit supply of BTC and then BTC is on the sky with high price.

if someone talks about Bitcoin limits, then today this question is not relevant, since there is moderate demand and supply in the cryptocurrency market.  If this coin were more, then its price would be noticeably lower.  No wonder many companies ignite their coins to improve the position of their coins in the cryptocurrency market.

It's always better. Every instance of some government or ruler weakening the currency ended badly for the economy and for the country. Centuries ago when coins were made of silver and gold people found a way to debase the coin by adding some impurities or other less valuable metals to it to make more.

You can't do it with Bitcoin and this is where its strength lies.

Technically all the other paper currencies like EURO, USD should be limited as well in order to preserve their value, but due to economical problems some countries tend to print more which leads to inflation which means their currency loses some of its value such is the case of countries like Zimbabwe and currently Argentina and that is all because they have the possibility and the power to print it, but with the bitcoin there is no such thing as creating more bitcoin we can't do that the network already has a limited supply that can't be copied or changed and that is what makes bitcoin special and that what makes its price always going up.

A limited amount of currency is very good to increase your investment in the future. But if you consider the currency as a payment method, then a limited supply is not very good for this. Therefore, it all depends on the purpose of using the currency. It can be as good, tau and bad.

thank you for the valuable insight everyone  :)

It seems to me that the limitations of the product benefit the product itself, since it will be well priced.  I can give two examples that show very well how valuable a product is, which is a limited quantity.  First of all, I want to give as an example the gold metal, of which there is also a certain amount in the world and no more.  This metal is very well appreciated.  That is why it is often compared to Bitcoin.  I can give an example of the BQQ coin, which is almost so reduced in price that such little things do not attract anyone, and all because the Bitsdaq team spotted a huge amount of coins.  In order to improve the situation, they will have to burn These coins for years or even decades.

of course with limited supply making bitcoin far better than the current currency
the current currency is threatened with inflation if it is continuously printed out
and this happened in Venezuela, they went bankrupt because they kept printing money

but limited supply is very dependent on demand
and this makes prices unstable

Even though the government can print a lot of money, they won't do it either. Why? Because there's this principle where it'll just cause inflation. The prices rise when the government prints too much money.
And I think for bitcoin, since the supply is only limited, its value will just depend to supply all the demands and needs of people.
So I think, it's better with limited. Even the government tries to limit the printing of money.

if according to my knowledge, bro. indeed the supply of paper money is very limited. therefore I always think bitcoin is very good at being a reserve currency. moreover now there are some countries that have accepted bitcoin as a legitimate currency

i think the supply of money is not limited because the banks or the governments can always print more while on bitcoin its only limited because the devs already set it and they cannot modify it anymore but other cryptos have more supply and other have unlimited supply  but they say that the more supply the badder it was or the value wont grow high enough  . bitcoin is still considered as an investment asset and will be good at it but not in the form of a pyment method due to its expensive fees  .

Better than the alternatives? Yes, by far.

Printing a lot of money means that the inflationary rate will skyrocket, countries with problems tend to do this stupid thing and end up increasing the inflation a lot faster than how it was increasing before.

Economic is interesting when analyzing the macro outcomes of things. Limited supply means the contrary of inflation as demand grows.

I believe that everything should have limits so that it can be properly managed. If we don't set limitations on something then we are not setting a space that can be computed as well as in simple term, limitless. Bitcoin is really ideal I think and the ability to maintain the order on the system was properly conceptualized.

yes bitcoin is better, because the amount is limited and the most important thing is that BTC is decentralized. no control of bitcoin is the best thing.

with a limited amount, as long as the demand continues to increase it will increase the price. when the initial bitcoin release price was less than $1 but now it was more than $10k. this proves that bitcoin is better.

Bitcoin is an alternative form of money and it was developed to make transaction of goods and services easier and faster. For me, I don't think Bitcoin is better than physical fiat. Currently, physical fiat or currency is the  only thing partially  backing Bitcoin and the entire cryptocurrency market.             

Maybe today have limitation of supply money in the world and each country will have their way how to create money for using as transaction payment, if have much supply money will have less price.

It could be but in this case, the supply and demand for Bitcoin is actually not that simple. Do you see how volatile the price is?

The longer there is more circulating supply. so that demand also decreases

You already said that fiat money can be printed out more.but bitcoin is only limited supply.in term of volume of fiat money compare to bitcoin it is better ofcourse because so much more money in all over the world but bitcoin  is limited only.but we know the value of one fiat compare to bitcoin.bitcoin is much more than to fiat.but in term of using bitcoin is much better to use bitcoin,easy to carry even a big amount you need it if you have bitcoin you can have it.bitcoin is better than to fiat in term of security.this is just for me.you have a safe place to put money in a digital wallet than fiat money that someone can steal.where ever you go you can cashout your bitcoin into a fiat money.easy to use wherever you are.
Thats my reason why bitcoin is better than fiat  or current money.

Volatility make bitcoin on risk compare to other fiat money but a limited supply can make a currency more expensive. Bitcoin is a good additional currency for all of us and every currency have their own advantages and I don't fully see bitcoin as a better for now but hopefully it will continue to grow and be the top options for online payments worldwide even the wire transfer using its technology. Banks are on risk for transacting online for sure.