I think you are being a little disingenuous. I did not say that you couldn't make a profit, I said "on average - in order to make a profit from the ownership of Bitcoin it would be necessary either to steal it, steal the work required to make it or outsmart other people who own it" With a closed system of work=value - which this is -during the lifetime of the project for some people to come out on top, others have to fail. If a company pays itself more than it earns, it will go bust. The directors might trouser lots of wonga but the losses will still spread as far and wide as the company has influence. If a country pays its citizens more than they earn, sooner or later it will change course or it too will go bust. You might even be living right now in a country like that.
These things can take a very long time. A very long time indeed. Or they might happen overnight. If you don't remember 16th September 1992, you'll doubtless have read about it. On that day, a consortium resolved to make a great deal of money by shorting the Pound Sterling. They were very successful and made billions of dollars literally overnight - the financier George Soros is reputed to have personally made over $1.2Billion from that strategy. But the money wasn't made without consequence: financial institutions all around the world took an enormous hit. Plus ca change, eh?
But it isn't a closed system & probably never will be, from my studies of how the worlds Gov/Fiat Currency(US$)/Store of value(BTC) system may work are that there will always be fiat, in one form or another whether that be a Central Bank Digital Currency(CBDC) US$ etc, it is the store of value that BTC will inevitably eat up, in the past Gold, Real Estate, Fine Art & Bonds etc were the store of value, none of those assets can compete with BTC, why? because the returns & exponential growth as well as portability/security/sovereignty of BTC exceeds every other of those previous mentioned traditional stores of value, at the end of the day every investor will ditch their long held Gold/RE/Art when they finally realize they can get 1000% better return from holding BTC, & that goes for every other store of value.
Being only 21,000,000 BTC ever to be produced introduces true scarcity of the asset, it is also infinitely divisible, so the value will literally continue to improve forever.
As for the work = value math, with each epoch(every 4yrs the difficulty of mining a BTC block doubles) this issue will not become overwhelming because of the advance in tech/processors/quantum computing etc will keep pace with the increase in difficulty of the algorithmic challenge as has been proven in the past 16yrs of BTC existence.
Again for anyone with doubt about BTC it is understandable many are wary of it because the outright scams involved in every other "Crypto", BTC IS NOT EVERY OTHER CRYPTO, BTC were the first & then many others copied its template though only with the mindset of cheating buyers with premined tokens & self allocation, every other crypto is a scam apart from a few like Monero.
Last point I will ask everyone to think about are this - why are the largest asset managers in the world in a mad rush to purchase as much BTC as they can? they employ the sharpest financial minds available anywhere, do you not think they have assessed every possible flaw that may present itself with the purchase of BTC, they are not in a mad rush to purchase Ethereum or any other crypto, they are not rushing to buy Gold, or any other precious metal, they are not rushing to purchase Real Estate, they are not rushing to purchase Fine Art...an unbiased mind will leave only 1 conclusion, BTC are the premier financial asset of the world.
Lets us wait for 2-5yrs & see if this post ages like fine wine or warm milk?
BTC price at this moment = US$103,272
