CarteBlanche
· 2d
4. They don’t understand halvings/absolute scarcity.
My 3rd is mostly designed to address the very common objection that Bitcoin is just made up numbers on a screen. Understanding the difficulty adjustment requires one to understand the role of miners, computational power, and real energy to keep Bitcoin secure, decentralized, and consistent. I don't see how you could understand those concepts and still think it's easily manipulated or made from nothing like fiat (which is something they always fail to realize, but that's another topic).