Why Bitcoin is the best currency

[Son Of Blockchain (SOB)]

 There are lots of currencies out there from different fiats to cryptocurrencies but Bitcoin stands out because it can't be faked, over printed or controlled like other currencies, even the cryptocurrencies that claim to follow the Bitcoin trend can be controlled or manipulated by their creators but never in history has it been heard that Satoshi manipulated the price of Bitcoin in this own favour, the 21 million cap Bitcoins has been the same from the onset till date and would never be added even in future since Satoshi made it so for scarcity.
 We've seen how different governments over printed money with hope that it would help turn the situation of their economy around but it ended up the other way round and caused serious inflation. For instance, in the early 20009 the Zimbabwean government over printed money and caused hyperinflation which made their currency worthless and their economy crumbled. https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://river.com/learn/history-of-monetary-collapse-in-zimbabwe/&ved=2ahUKEwi36YOc_tWRAxUNV0EAHXmgESsQFnoECB0QAQ&usg=AOvVaw2PQyiN0snp_MKhMu39zJ2m.
 Maybe that would've been the case of Bitcoin if the 21 million created could be increased but Satoshi learnt from the mistake of the government and came up with something different, something that's proved that it could be a solution on the long run to inflation, which is why several governments are forced to own the reserve currently.
 According to Elon Musk, Bitcoin is based on energy, "you can create fake fiat currencies, he added that most governments in the past did that, but it's not possible to fake energy" which means that a fake Bitcoin can't be created. Bitcoin is the future of money and those who are smart enough would embrace it now cause it's the best currency.

[ZeroVinsonN]

The problem with printing more money is that the total value of everything will remain the same or in bad cases value will actually be lost, for example, with 21 million bitcoin available 1BTC is worth around $100k equalling the total at $2.1 trillion. If the total amount of bitcoin was doubled from 21 million to 42 million it's value would be halved to $50k making the value of the total bitcoin worldwide to remain at $2.1 trillion with no value added in the process and limiting the total amount out there calls upon the laws of demand and supply with a limited supply signifying scarcity which untimely increases the value when the demand is high.

[casey15]

Where Bitcoin tanks all currencies is in its decentralization and transparency. The fact that more coins
cannot just be added shows how strick the rules are and it has no potential of changing. It makes it safe
for people to know that the value can be retained. In fiat, printing more money actually reduces it's value
and the same happens for crypto currency.. that's why you see these shit coins having about 100billion
in supply not able to cross beyond the $1, the supply has a direct effect in the value and scarcity increases
value

[Lembo69]

  Bitcoin is the future of money and those who are smart enough would embrace it now cause it's the best currency.

I agree with you that Bitcoin is the future of money. The reason is that paper money will gradually disappear and everything will be managed with digital currency or Bitcoin. If you notice, you can see that people are doing more transactions in the current ATM or digital currency trend. However, there may be a time when Bitcoin trend banking and many other types of work will be completed. Although our Niger government is thinking about this issue and many businesses are investing in Bitcoin. This means that very soon Bitcoin trend will change the economy.

We all know that Bitcoin is the best currency and its price is skyrocketing. So it can be assumed that at some point people will be desperate to invest in it. But then because the supply of Bitcoin is low, many will not be able to invest in it. So we should use this time and focus on investing.  the best currency of all time is Bitcoin

[Shadiq]

Printing money is not an effective measure to solve economic problems, but rather destroys the economy further. High inflation makes human life miserable. This is a manipulation of the government, instead of trying to increase the value of total production, it spends time printing money and increases the amount of inflation, inflation is increasing day by day for the benefit of the government and political leaders.

Suppose, a country has a total money of 100 fiats, then the value of the total assets of that country will be 100 fiats. Now if 50 fiats are newly printed in that country, then the total assets will increase by 50 fiats to 150 fiats. Accordingly, people's income was supposed to increase. Where even if inflation occurred, there was no problem in buying and selling goods. But due to uneven distribution and loan defaults, even if inflation increases, people's income does not increase. When 50 fiats are missing from 150 fiats in the country, if new 50 fiats are printed to fill the shortage of 50 fiats, the total amount of money in the bank's account will be 200 fiats and the value of assets will also be 200 fiats, but since there is 150 fiat in the country, the amount of income will remain the same but the value of the object will increase. That is, even if your income was 10/15 at the time of 100/150 fiats, your income will be 15 fiats at the time of 200 fiats due to loan defaults but your expenses will increase.

Since Bitcoin is not controlled by any person and cannot be manipulated by any person, government or any institution, Bitcoin is completely inflation-free and works against inflation. So maybe in the distant future people will lose trust in fiat and try to become dependent on Bitcoin.

[SatoPrincess]

You’re preaching to the choir OP. There isn’t one person here that would argue against the idea that bitcoin is the currency of the future or that hyperinflation is terrible for any country’s economy. Unfortunately the people who understand this in Nigeria are not in government, that’s why we are still lagging behind in almost every sector.

[Kelward]

You’re preaching to the choir OP. There isn’t one person here that would argue against the idea that bitcoin is the currency of the future or that hyperinflation is terrible for any country’s economy. Unfortunately the people who understand this in Nigeria are not in government, that’s why we are still lagging behind in almost every sector.

Na true you talk, OP no talk anything new wey we suppose to add for our knowledge, except for green horn newbies wey never get any knowledge for di forum, all of us don hear and agree with wetin im talk many times over. Wetin I fit to add for di matter be say unfortunately a lot of people never understand di value wey Bitcoin get, if not almost every Nigerians go hold am as a hedge against inflation and as dem retirement plans.

I no go talk say people wey de for our government no know about Bitcoin, infact I no go de surprised if na dem hold am pass me and you to hide dem loots but dem no go come out openly to admit say na hedge against inflation.