BTC Fiat Value & "the Satoshi era"

[xempew]

Dear fellow Bitcoin Sirs-- I'm sure this thread is like beating a dead horse with a stick, but I'll do it anyways...

I just don't see any reasons for bitcoin to drop in fiat value in the long term.  Diminishing supply, increasing production cost, current trend of notable vendor adoption (albeit in 'techie' circles for now) / increased demand. 

The 'network effect' could be difficult to estinguish at this point-- explicity outlawing BTC might serve to only amplify it. 

I think we're moving away from all our bit-eggs being in one Silk Road basket, if you will.

I patiently await the Satoshi era.

[1714978036]

1714978036

[1714978036]

1714978036

[Stephen Gornick]

increasing production cost,

Increasing production costs might actually cause greater supply to be sent to market as miners need to sell more coins to pay for those higher costs.

[Liquid]

The Technological Satoshi era is here 

[BTC4Victory]

The Technological Satoshi era is here 

The Satoshularity? 

[Richy_T]

Satoshi <3 Streisand.

[trekky0623]

There isn't a diminishing supply. Bitcoins are made so that they ever increase in supply.

[Crypt_Current]

There isn't a diminishing supply. Bitcoins are made so that they ever increase in supply.

No.

Supply diminishes short-term when block reward halves; increases short-term when network hashing capability is added (when power is added significantly, anyway).  If you meant the TOTAL supply increases as time goes on, then yes, it asymptoticly approaches 21 million.  But approaching an asymptote implies decreased acceleration.  So any implied acceleration in your statement of "increase in supply" should be quickly quashed.

[arepo]

There isn't a diminishing supply. Bitcoins are made so that they ever increase in supply.

No.

supplyinflation rate diminishes short-term when block reward halves; increases short-term when network hashing capability is added (when power is added significantly, anyway).  If you meant the TOTAL supply increases as time goes on, then yes, it asymptoticly approaches 21 million.  But approaching an asymptote implies decreased acceleration.  So any implied acceleration in your statement of "increase in supply" should be quickly quashed.

FTFY

the supply of bitcoin is increasing at an asymptotically decreasing rate.