[duhast]

Bitcoin solves inflation with deflation and transfer of surplus from labour to Bitcoin holders. Add inelastic coin supply, low transaction rate, no anonymity, high energy consumption, whales owning most coins, tendency to concentrate mining capacity in the hands of few players (7 pools own 50% of mining capacity), undemocratic governance and it looks even worse. Bitcoin is not money. At best it's a digital collectable. After a decade of trying Bitcoin's only application appears to be facilitation of ransom payments, speculation for rich and insecure middle class and evasion of sanctions by the likes of Iran or North Korea. Hard currencies simply don't work in practice and are fundamentally undemocratic. We tried this with gold and it didn't work.

[xiphias2]

The great thing with Bitcoin is that everybody gets the price what they deserve. Those ,,whales’’ are whales because they risked their capital when it was riskier to own, not because they were from wealthy families. It’s still a risky investment of course, so I understand that most people don’t want to own it.

[duhast]

Bonds are a form of lending and pay coupons. Shares experience capital appreciation from business growth and pay dividends from profits. Houses bring rent. How does Bitcoin create wealth?

[kybernetikos]

Not bitcoin per se but lots of cryptoassets do produce wealth in similar ways. There are tokens on ethereum than give you interest based on lending out your deposit just like a bank does. You can also get paid fees for providing liquidity for traders.

You can also get paid for securing the cryptoasset system in a PoS system although I don't think that has an equivalent in the fiat space.

[landemva]

Most understand a gold coin, or btc, don't generate wealth. They store wealth and shift it across space and time.