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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

Bitcoin mining difficulty increases over time and there is a 21 million hard cap.

Already addressed in the comments. My statement remains 100% factually accurate and correct.

[–] • 0 pt

No it does not. I read the comments...

[–] • 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

Then you fail to understand what you've read or are biased and don't want to see the truth. Everything I've stated remains factually accurate and completely true. Until you reconcile your opinion with the facts, we will continue to disagree. The facts remain the facts. This is true regardless of your opinion of them.

[–] • 0 pt

None of it is true other than mining farms need electricity which uses petroleum. (There's no such thing as fossil fuels)

Regardless of how fast computers get, the difficulty algorithm will dynamically adjust. Also the amount that is able to be mined gets smaller and smaller with every fork. You are very confused... Get back with me when you have something other than theories.