Will people refuse to use crypto with limited supply in the future?

C

crazylogman

New member
Argument: "Unfortunately we will see over the next 5-10 years that unless we increase supply, people will refuse to spend/use crypto with limited supply (like BitcoinCash, Litecoin, Bitcoin Candy and others), as it will be way more profitable to hold it, turning it from a currency and attracting greedy holders that will hijack the purpose of the technology and turn it into a digital gold Store of Value"

I don't personally think so. People saving a lot and mostly not spending is the reason we have nice things. Capital accumulation makes investments possible. Investments in infrastructure and production make us wealthy. And people still need to eat and live somewhere and buy the things they need. People buy computers and phones even though next year's computers and phones will be even better. Deflationary money that increases in value over time not only will work just fine, but the incentives to save and invest instead of spending would lead to a quantum leap in societal wealth.

What do you think?
 
FOMO was a primary driver that worked to attract industry to build the network to get early coins being mined into existence, that opportunity is mostly spent. Bitcoin seems to be now just costing on the legacy of that adoption momentum, in a blind herd adoption mentality.

So while the technical issue of capacity is resolved, the opportunity and the motivation to adopt has fundamentally changed, so I'm not sure whether we can count on that one "good thing".

People are creative, so there's that, life is an infinite game, it's just none one where one can believe they've won. So who knows.
 
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