What is the point of Bitcoin if we all are getting cucked anyways?

[TimeBits]

What is the point of having a limited money supply like bitcoin when a unlimited money supply like fiat(usd,cad,euro,yen) can buy it all? the bankers still win no?

[TimeBits]

anyone?

[blockman]

Unlimited supply will cause inflation and will make the value of fiat lower. Unlike with bitcoin, it has a fixed supply limit and soon its value will increase because its supply is limited and fixed. Just apply the law of supply and demand.

If someone will use fiat to buy as many as bitcoin as he can, you'll see a price spike. Buy = demand, the more buyers, the higher demand.

[TimeBits]

Unlimited supply will cause inflation and will make the value of fiat lower. Unlike with bitcoin, it has a fixed supply limit and soon its value will increase because its supply is limited and fixed. Just apply the law of supply and demand.

If someone will use fiat to buy as many as bitcoin as he can, you'll see a price spike. Buy = demand, the more buyers, the higher demand.

yah but the price does not matter to one who can create fiat
so again what is the point of having a limited supply that can be bought by a unlimited supply

[IgorStr]

The meaning of bitcoin is the absence of intermediaries, the absence of such long transactions as between the Bank to bank , but so far everything spoils such a strong volatility of bitcoin , and no any regulation on legal

[TimeBits]

The meaning of bitcoin is the absence of intermediaries, the absence of such long transactions as between the Bank to bank , but so far everything spoils such a strong volatility of bitcoin , and no any regulation on legal

I thought it was to stop things like banker bailouts as mentioned in the genesis block

[blockman]

so again what is the point of having a limited supply that can be bought by a unlimited supply

The point is that unlimited supply (fiat) can buy everything and is centralized so its value is stable and declared by the government.
While bitcoin (limited supply) isn't controlled by the gov't which has its own value predicted by its supply and demand through us . I don't know if this answer will satisfy you.

I thought it was to stop things like banker bailouts as mentioned in the genesis block

So this is your point?

[vixcious]

What is the point of having a limited money supply like bitcoin when a unlimited money supply like fiat(usd,cad,euro,yen) can buy it all? the bankers still win no?

Banks still have their duties and services. But in the future, banks will have to participate in the crypto market to be able to grow. Stablecoin like USDC, USDT can serve for trade and financial transactions. in the future it will be used more and the bank will go bankrupt.

[TimeBits]

The point is that unlimited supply (fiat) can buy everything and is centralized so its value is stable and declared by the government.
While bitcoin (limited supply) isn't controlled by the gov't which has its own value predicted by its supply and demand through us . I don't know if this answer will satisfy you.

But what is the point of having a money supply that is limited like btc when another unlimited money supply can buy all of that supply

[blockman]

The point is that unlimited supply (fiat) can buy everything and is centralized so its value is stable and declared by the government.
While bitcoin (limited supply) isn't controlled by the gov't which has its own value predicted by its supply and demand through us . I don't know if this answer will satisfy you.

But what is the point of having a money supply that is limited like btc when another unlimited money supply can buy all of that supply

Man you are just repeating your question even though I've answered it already that fiat can buy everything and about its inflation/deflation.

Your question is confuses me to be honest and I don't know what answer can satisfy your question. Could you please give your point with that question? if my answer doesn't satisfy you, let's wait if someone can explain it better until you get satisfaction.

[BrewMaster]

despite what you think "money" doesn't have unlimited supply. a government can not just start printing unlimited amount of money as they wish. there are some limits there too and if they do then the value of that money will fall so imagine if today value of 1 bitcoin is equal to 4000 units of another currency if that currency started being printed out of control then the value of it would fall and then you have to exchange something like 10000 of it for 1 bitcoin.
so what happens is that unlimited fiat can not buy up bitcoin.

[stompix]

The point is that unlimited supply (fiat) can buy everything and is centralized so its value is stable and declared by the government.
While bitcoin (limited supply) isn't controlled by the gov't which has its own value predicted by its supply and demand through us . I don't know if this answer will satisfy you.

But what is the point of having a money supply that is limited like btc when another unlimited money supply can buy all of that supply

You think that by creating money the value of a unit of 100 let's say of your money will stay the same?
Nope, google Venezuela inflations and you're going to understand what printing non-stop money means.

You're going to buy the first BTC with one second of print time, the 10000th with 2 hours and by the time you want to reach your first million already it costs you more to print money than the banknotes are worth. Do you think any sane goverment will destroy their economy just to get their hands on all the BTC? And what's next, do the same with ETH, LTC, ETC, etc. ?

Also, you really believe that banksters do whatever they want with the money the banks have in their custody? It's nice for a tinfoil hat scenario but in reality, it doesn't work like that.

[1Referee]

Good luck to everyone trying to buy all Bitcoin's in existence. You can't do something like that without people quickly noticing, and when people do start to notice that whatever entity or entities are buying in big, they simply won't let go of their coins. On top of that, you don't gain much by trying to buy all coins in existence since there is no way to stake them or vote with them.

The only thing you do is make everyone even wealthier on paper, and miners extremely happy. Sounds like a bad deal for governments who only want you to become poorer and poorer.

[exstasie]

What is the point of having a limited money supply like bitcoin when a unlimited money supply like fiat(usd,cad,euro,yen) can buy it all? the bankers still win no?

Only if Bitcoin holders sell all their coins to the bankers, and then fiat currencies collapse. You expect that to happen?

Around 83% of the total supply has already been mined and distributed to the market anyway. Bankers and governments are late to the party. The real question is whether Bitcoin attains mass adoption as a P2P currency. If that happens, bankers will only ever attain a portion of the market and if they try to buy up the market, all holders benefit from increased power of purchase.

[dothebeats]

Those who own that 'unlimited' supply of money you're talking about wouldn't want to mess up with bitcoin. If they do, they've done it a long time. Also, another question is if people would be wanting to sell their bitcoins in the market. Sure, with hundreds of trillions of money printed around the world can buy the supply, fiat can easily buy bitcoins no question. Assume that all bitcoins were bought, then what now? A new system would probably been floating around by then, and do you think these same people who bought all the bitcoins would likely buy the new system tokens all over again? No. They'd rather keep their money safe and sound than spend it all on bitcoin alone.

[Snaic]

What is the point of having a limited money supply like bitcoin when a unlimited money supply like fiat(usd,cad,euro,yen) can buy it all? the bankers still win no?

This is vseravno what to say - why do we need to live, we vseravno die. The fact of the matter is that life is a constant risk. Cryptocurrency gives us additional features and convenience, but requires additional risk for it. Therefore, here you need to make the right decisions on time. Who is ready for this - welcome to the world of cryptocurrency.

[FromCtoSolidity]

The meaning of bitcoin is the absence of intermediaries, the absence of such long transactions as between the Bank to bank , but so far everything spoils such a strong volatility of bitcoin , and no any regulation on legal

I thought it was to stop things like banker bailouts as mentioned in the genesis block

Yes, only bailIns, not bailouts.
Does anyone here really believe that your deposits of fiat in the banks would not be confiscated to sustain insolvent too-big-to-fail financial institutions? One day in the not too distant past majority of citizens of Cyprus found out that the amount of money they control is much lower then the balance of their bank accounts. So the point of bitcoin is that if you don't surrender control of your money to your bank then your bank can't take it from you even through inflation.

[RAFIKKING]

This is what makes the Bitcoin valuable. I give you a simple example. If oil production increases, its price will be kept, but if production falls and the country's oil reserves decrease, the price will rise. So the Bitcoin is limited in number and with time it will become the rare coin as I see it

[aoluain]

The point is that unlimited supply (fiat) can buy everything and is centralized so its value is stable and declared by the government.
While bitcoin (limited supply) isn't controlled by the gov't which has its own value predicted by its supply and demand through us . I don't know if this answer will satisfy you.

But what is the point of having a money supply that is limited like btc when another unlimited money supply can buy all of that supply

Dont get hung up about the limited and unlimited points. No one person
can buy all of the bitcoin but all bitcoins will be bought (or earned, or traded etc.)

The point is not that bitcoin can be bought with an unlimited currency, the
point is that it is an alternative payment method to FIAT

[nicster551]

What is the point of having a limited money supply like bitcoin when a unlimited money supply like fiat(usd,cad,euro,yen) can buy it all? the bankers still win no?

There are mini 0 that could be given to people when the time comes and people can buy something in a shop for about 0.0000001 something sats.