Damus
Toxic Bitcoiner profile picture
Toxic Bitcoiner
@toxicbitcoiner
Alright, this is even doubly retarded.

Assume it’s just SoV: gold, collateral, Manhattan granite, etc.

It’s still a better SoV or collateral than all of those things. Better than real estate, bonds/debt, equities, and even fiat/base money. All told that’s ~$1,000T combined. Bitcoin captures easily 100’s of trillions (or 10’s of percent of total wealth) just on being a better SoV/collateral, let alone the added MoE component.

Is everyone just saying “diminishing returns” because of NPC group-think? A shibboleth mantra to display that you’re a reasonable person inside the Overton Window? A total inability to ask basic questions about your model? Can someone relay this to the retards on Twitter who repeat “diminishing returns” for clout?

2
travis · 2w
Diminishing returns is illogical and downstream of the delusion that the dollar won’t go the same way of all fiat currencies. Show me a currency that had diminishing returns when measured in the inferior and more “poorly managed” fiat currency. It doesn’t exist. I wish them well!
Toxic Bitcoiner · 2w
Hey nostr:npub1xwuf8v4je6qwzhas6wvs4h50u6dfy7kg0czrfa5yrslqzg2vpcaq29smf8 I see you zap a lot of my notes. Thank you.