#Bitcoin literally arrived last minute. With the upcoming financial totality (CBDC) and rapid growth in efficiency (AI), non-state money is absolutely crucial.
Imagine – and this will happen soon – that central bankers will try to maintain x% inflation in a world of dramatically increasing efficiency.
Instead of growing prosperity corresponding to human progress, braindead central bankers will try to maintain inflation, "because it is essential for the economy."
The only thing they will achieve is massive theft of wealth from the population.
Fortunately, we already have an opt-out strategy. We have bitcoin.
Why is #bitcoin the future and why won't any better technology in the form of altcoins emerge?
In my opinion, future global money must meet several conditions. All are necessary, but none alone is sufficient. Only bitcoin, in my view, fulfills them all.
#1 It must be independent of states, organizations, or any individuals.
#2 It must operate on Proof of Work consensus; PoS leads to long-term centralization, violating condition #1.
#3 Precise monetary policy with a limited maximum supply.
#4 Network/Viral effect. It must be a widespread technology, and Bitcoin is the most widespread.
#5 It must technically enable both secure storage of funds and instant, convenient, and inexpensive exchange. (Ahem... Lightning, which 99% of altcoins pretend not to have heard of)
#6 It must be an open protocol that anyone can freely use and build upon.
Am I forgetting something? Add whatever comes to your mind. :-)
