Damus
Toby McMann · 6d
The treasury company model, at least in its current form -- loaded up with preferreds -- requires NGU, and by a lot. Are you saying that, for the price to increase a lot, we need bitcoin to be used f...
Jeff Booth profile picture
Like gold - if you build derivative games on top of bitcoin (inflationary money) and people use it, and try to get higher interest rates in it to keep up with prices going up, many people will choose that (they need the income to support prices unnaturally rising and it “seems” like a safe bet. That centralizes bitcoin and the store of value ceases to be a good store of value because the rules change (Like gold)
Fortunately, this is protocol and the nodes matter. When that day arrives- and it surely will if this continues, there will be a fork and the coin that has the leverage on top of it versus the one being used in the economy will likely fail (as will all claims on top of it. (like bcash)
Just the long and winding road we must go through to for bitcoin to move us from a zero sum game to an infinite game.
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travis · 6d
Really well said. Thanks nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe
Toby McMann · 6d
Thank you. Very thought provoking and appreciated. Sorry for the delayed response. Your thinking is next level. Mine is not. So I am learning and appreciate your patience. My understanding... Derivatives on gold effectively increase the supply, putting downward pressure on price through rehypothic...
Based Truth · 6d
Blackrock and Vanguard will love this inflated bubble, fueling their wealth at your expense.
LeviJohnson.net · 6d
I love first principles thinking so hard.