> - Constrained supply means protection against inflationist central banks.
This keeps being touted as a feature, but unless you are Zimbabwe it is a bug. "Supply-constrained" means "demand-driven price" which means "volatile." A useful currency is one that measures wealth consistency, like a meter stick. You don't want your money to mis-count your wealth. Hoping that it will mis-count your wealth in your favor is speculation, which is a bad, dangerous role for currency. You want to know that you can afford rent/bread next month (to say nothing of being able to pay your workers or business partners).
These are more fatal, fundamental design problems than low transaction rates or questionable usage-- they are built into the very philosophy of cryptocurrency. Explained in more detail here: https://www.bzarg.com/p/what-bitcoin-shows-us-about-how-mone...
This keeps being touted as a feature, but unless you are Zimbabwe it is a bug. "Supply-constrained" means "demand-driven price" which means "volatile." A useful currency is one that measures wealth consistency, like a meter stick. You don't want your money to mis-count your wealth. Hoping that it will mis-count your wealth in your favor is speculation, which is a bad, dangerous role for currency. You want to know that you can afford rent/bread next month (to say nothing of being able to pay your workers or business partners).
These are more fatal, fundamental design problems than low transaction rates or questionable usage-- they are built into the very philosophy of cryptocurrency. Explained in more detail here: https://www.bzarg.com/p/what-bitcoin-shows-us-about-how-mone...