These are some great points and they also answer a lot of my questions about BTC and limited supply currencies.
It's funny that I had this same argument on Reddit in 2018 and everyone was calling me crazy. Limiting the supply and letting people get in early will always force them to become hoarding goblins at some point.
We are going straight back to Feudalism but no one seems to care because it's all decentralized and on a blockchain...
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Fiat never works in all of history. It always ends badly. Since coming off gold currency in 1933 the dollar has lost over 98% of its spending power. The dollar is used to bribe world leaders and fund wars that never would happen without fiat since real money would of run out or the taxes on the population would stop it as people would rise up. Fiat aka printing without taxing or creating value leads to the worst evils we have ever seen. The dollar won’t last another 50 years in its current form. Thousands of years of history show us this. I dunno if Bitcoin is the answer on this large scale but hard money of one kind or another is definitely the solution. Fiat currency never works in thousands of years of history. The dollar will not last in its current form. The damage already done is beyond anything seem.