I totally agree!! BTC from the start with the 21M limit built in was destined to be a rare commodity. If there will only be 21M metric tons of gold on the face of the earth, why on earth would I want to trade it as an everyday currency (too heavy, expensive, time consuming... sounds a lot like BTC)... Let BTC become what it was designed to be (if the supporters don't drive the development into stagnation which appears to be the direction its headed) and let the best "true" everyday currency that everyone is going to love like MCD's rise to the occasion and take cryptocurrency to the next level.

 

I think rarity is only important for people who are in control of much of the total supply.
For the average user stability over time is important since nobody wants to be the guy who bought a pizza for "10k btc".
On the other hand nobody wants to be the guy who sold tons of pizza for "only 10k btc" each if history went differently.

The key factor for success is to be able to exchange the currency for goods and services at a fixed fiat like exchange rate.
The worst case scenario would be if people fear to loose money if they use the coin to pay stuff with.

Important is to find a way to increase the supply without devalueating the existing supply.
In other words this means we have 100% supply and add another 10% which is evenly distrubuted to all accounts.
Now we have to make people give those new 10% they received away into the market.
I am not aware of how to make people give this additional 10% away but if there would be a market dedicated for those fresh coins it could work. I can imagine either something based on crowdfund mechanics or some sort of monthly auction style selloff.
if nobody bids there may be no demand and if nobody sells people want to keep their coins and no new are issued. maybe such auctions shall require manual intervention to remove own coins from while devalueating dead accounts.

 

21 million is only whole units. There will be 21 billion satoshis? ( i can never remember how many zero's)

There is nothing static about it's real world value which is obviously very changeable.
One day 1 BTC is not sufficient to buy a pizza. Later it is sufficient to buy 20 pizza's.

The only real issue may be if it becomes impossible to buy a pizza with 1 satoshi.

 

"The Dollar buys a nickel's worth"

I think they did good to limit the supply, keeps the noise down.

 

There's no problem at all Bitcoin having a limited amount of Coins. I'm reading "The Denationalization of Money" written by Friedrich Hayek, published in 1976, now.

Hayek proposes that private currency competition will lead to better money for all of us, even the state money gets better. It's astonishing how he has foreseen the current developments. Every serious Altcoin has its right to exist.

 

21 Million bitcoins is cool, plenty of coins to trade and share around globally.