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I will explain:

  1. Bitcoin's perceived value is directly related to the duration it takes to compute cryptographic math.

  2. Bitcoin is an oil currency as it is an indirect measure of energy required to perform "hard" cryptographic related math on a computer. This math uses electricity. That electricity is generally provided by "fossil fuels." Bitcoin is an oil currency.

  3. The measure of "hard" will always decrease over time as computing power increases. Which means it's "value" can only decline over time in direct relation to the cost of energy and the computing power required to perform "hard" math.

  4. Another word for lowering the cost of "hard" as it relates to all cryptocurrency is "inflation."

The value of all cryptocurrencies can only decline over time in proportion to the cost of energy and the technology advancements. Any significant technology can instantly destroy all perceived value of cryptocurriencies overnight. Quantum computing is one such example. Cheap energy is another. Any energy technology which moves people away from "fossil fuels", to a cheap energy, will instantly destroy the value of cryptocurrencies. Even the admission that oil is a renewable resource would significantly trigger inflation on all cryptocurrencies.

I will explain: 1. Bitcoin's perceived value is directly related to the duration it takes to compute cryptographic math. 2. Bitcoin is an oil currency as it is an indirect measure of energy required to perform "hard" cryptographic related math on a computer. This math uses electricity. That electricity is generally provided by "fossil fuels." Bitcoin is an oil currency. 3. The measure of "hard" will always decrease over time as computing power increases. Which means it's "value" can only decline over time in direct relation to the cost of energy and the computing power required to perform "hard" math. 4. Another word for lowering the cost of "hard" as it relates to all cryptocurrency is "inflation." The value of all cryptocurrencies can only decline over time in proportion to the cost of energy and the technology advancements. Any significant technology can instantly destroy all perceived value of cryptocurriencies overnight. Quantum computing is one such example. Cheap energy is another. Any energy technology which moves people away from "fossil fuels", to a cheap energy, will instantly destroy the value of cryptocurrencies. Even the admission that oil is a renewable resource would significantly trigger inflation on all cryptocurrencies.

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[–] • 0 pt

It occurred to me you may legitimately not understand one of my points. Bitcoin is like a one dollar bill. Saying inflation doesn't effect that dollar because an infinite number of ten dollar bills can be printed would be laughably wrong. But this is the crux of the 21 million cap. Anyone believing it's immune to inflation is only deceiving themselves.

It's always about total "coinage" in the "realm."

As for difficulty, I addressed that both in the initial comment and in follow ups.

As I stated, everything I've provide remains 100% factually accurate and true.

[–] • 0 pt

No. You are wrong. Agree to disagree. I've spent years learning and using the technology... But that means nothing...

[–] • 0 pt

We agree to disagree then. I can accept that.

Thank you.

That said, I encourage you to think about what I told you. If you do, you will confirm it 100% correct.