Lols

I'm sure if Bitcoin had the largest and most powerful military in the world it would have become the world reserve currency by now
- Alright who wants to start a new country with me
  
  Depends, will you have free market bears or communist big goverment animal control telling us how to secure our trash? /s
- No because currency with built-in deflation is a bad idea. It would get scrapped very quickly.
  
  Yes sir. Wouldn't want regular folks to be able to retain the value of their savings! Government's restricted to being fiscally responsible instead of printing their way out of problems with the hidden tax on the poor that is inflation? Ridiculous!

Bitcoin: 4.7% believed to be in the hands of a single person, another 3.1% in the hands of four addresses. Deflatory so no incentive to use it to make transactions. Value depends on the network effect (i.e. a pyramid scheme). Small transactions now too expensive to be realistic. 24% of the supply was created in the first year, 35% over two years. Movement of funds takes too long to be useful. Those who got in early are guaranteed to be richer than those who got in late without having made any effort...
Crypto would be great as a replacement of the stockmarket but it's fighting to be cash instead and it's doing a bad job of it because it's cash as envisioned by tech bros, not actual economists.
- Also wastes energy and hardware (which includes rare earth metals mined by slaves) to endlessly compute hashes. Great solution for a post climate change world let me tell ya!
- Since nobody else responded to the stock market argument: it's how cash is envisioned to work by Austrian school economists, not the economists currently in charge. The average person needing to trust strangers with their money is not good.
  It's an entirely different perspective on how money should work (that was de facto illegal for decades), and only now can we put our money where our mouths are.
- I'm not pro crypto per-se, but your argument is only valid for bitcoin, not crypto. Most of it is even worse to be fair, but there is a future for sane crypto IMO.
- I love posts like this, it lets me know most people still don't have the first clue what they're talking about. It's honestly a bit impressive how nearly every point you tried to make is either misleading or straight up wrong.
  
  I love posts like this, it lets me know most crypto lovers don't have the first clue what they're investing in. It's honestly a bit impressive how you didn't even try to actually argue against what I said because it's just a list of facts.

Though great privacy when used offline, which is also pretty sick and the adoption levels defies reason, it's virtually usable globally both online and offline.
- Bank notes have unique identifiers allowing the government to track the path of your money. Privacy is dead
  
  That also assumes every bill you use will be immediately returned to a bank. You'd have no way of knowing where money comes from and belongs to after one hop. Just make a purchase at the supermarket to exchange a 50 for 45 and you've got anonymous cash.
  
  That’s why I roam the streets trading bills with strangers
- @ninjan @modpp Globally offline? In the US and maybe in some countries that don't have a stable currency on their own. Anywhere else you can't use it.
  
  American in Spain here. Everybody declines USD. Literally got coffee for free this morning because it was the only shop I've seen out of like 100 in the week I've been here that wouldn't take card.
  For a charge of €2.50, when I offered $5 he opted to take nothing instead.
  
  You'd be hard pressed to not find an exchange shop in any major city which is were most people reside these days. And I've yet to encounter a currency exchange that doesn't take USD cash.

It's funny because thia just proves the metrics used to measure a Cryptos "Viability" apparently have nothing to do with its actual value.
What matters is it's trading power... Not it's circulation or 'Supoly Cap'
- fully agree

Why is the US printing so much money?
- Paper money is flimsy and wears down quickly. It's being constantly printed and replaced. This meme is vague and intentionally misleading. Physical money in circulation is replaced and old money destroyed. Constantly. That's what these figures are about. The wealth inequality, solid point. The rest is just vague word use to make it sound alarming.
- Simple answer: Because they can, because it's lucrative, and because it's not as obvious as raising taxes. Imagine you could legally print money, and when anyones asks about it, you can just dismiss it with: "I'm stimulating the economy"
- Got to keep the printer people in business
- The US is printing a lot of money, but a lot of that money is theoretical and not really printed. Stocks are a way this happens, if you bought 10 shares at $10 and a week later they are worth $15, $50 got created. Loans are another way money gets created with a fractional reserve system, $1, 000 in savings can create $10,000 in loans.
  
  I'm not an economist but I don't think money gets actually created in either of your examples, the money just changed hands in either case.
  
  A good answer! Thank you! Geez, econ 101 boggles my mind
- Excuse me sir, this is clearly because of greedflation, not basic supply and demand. /s

Surely it's collapsed since this meme was made 10 years ago.
- By over 30%:
  Source: in2013dollars.com
  Meanwhile...
  $1000 would've bought 7.388 BTC in August 2013.
  7.388 BTC today is worth... $193,186.08
  Tell me again which one is the best place to store value?
  Edit: Downvoted for showing facts. Not surprised.
  
  Your mom
  
  Bitcoin if you don't understand the point of a store of value, USD if you understand the point of a store of value.
  Downvoted because you don't understand basic economics.
  
  Tell me again which one is the best place to store value?
  I don't think you are ready to hear this yet, but it's monero :P All jokes aside, bitcoin ain't terrible, especially compared to the dollar, but I worry that botcoin's security model will crumble more with each halfing. Transaction fees are already unusable in some cases, yet they barely contribute to the miner rewards. The math doesn't seem to work out.

Hmm, perhaps both are but symptoms of the greatest scam: capitalism.

HODL

We live in a society
- It really is one of the society of all time