@Diacone Frost
punk's not dead
Relays (3)
- wss://nostr.mom/ – read & write
- wss://relay.damus.io/ – read & write
- wss://relay.nostr.band/ – read & write
Recent Notes
interesting thing about gold as a store of value. started looking into historical property prices as part of a wider project I'm doing in my spare time.
Take Florida as an example.
in 1950 the averag...
I have no doubts about the devaluation.
The perception, what's the value (not necessarily price) of houses and land here in Czechia is something I'm trying understand better myself. It's really interesting topic, however tough task. There were no official statistics around 1925 (which I picked because our crown was gold-linked, it was reasonably long after the Big War and before WWII).
average family house is the same, around 180oz give or take.
After wwii, soviet fuckers and currency linked to euro and usd the price jumped from 150k to 6-10m.
so, here we go.
The perception, what's the value (not necessarily price) of houses and land here in Czechia is something I'm trying understand better myself. It's really interesting topic, however tough task. There were no official statistics around 1925 (which I picked because our crown was gold-linked, it was reasonably long after the Big War and before WWII).
average family house is the same, around 180oz give or take.
After wwii, soviet fuckers and currency linked to euro and usd the price jumped from 150k to 6-10m.
so, here we go.
money isn't a store of value though. inflation says it isn't, which is why for long term we exchange money for things - property, shares, gold, etc.
money is just a means to exchange value simply. if...
national currencies are not store of value, you're right. From my pov they're not money. exactly because of that they can be printed cheaply.
gold was money, bank notes backed by gold were money, anything what can't be easily inflated can be money. this property makes them store of value. because if I transact with you I want something what guarantees me that it's value won't disappear and I can use that to buy what I want the next day.
same thing is savings (which is a different word for hoarding). I don't spend (everything) because I expect goods will be cheaper in the future (either same thing will be cheaper or there will be a better equivalent; e.g. computers or washing machines, cars. look at their prices/value 20 years ago relative to your purchasing power)
but I digress...
gold was money, bank notes backed by gold were money, anything what can't be easily inflated can be money. this property makes them store of value. because if I transact with you I want something what guarantees me that it's value won't disappear and I can use that to buy what I want the next day.
same thing is savings (which is a different word for hoarding). I don't spend (everything) because I expect goods will be cheaper in the future (either same thing will be cheaper or there will be a better equivalent; e.g. computers or washing machines, cars. look at their prices/value 20 years ago relative to your purchasing power)
but I digress...
no, you've missed my point.
if they buy it up and hold then nobody can do anything with it. they lock it up and force us all back onto whatever crappy currency they come up with.
if you're in charge ...
I don't disagree there. it is a medium of exchange.
bitcoin is money. money has a definition. one of the money properties is store of value. otherwise why would you accept it.
there is no such thing as "not enough money" in economy. prices will adjust.
hoarding it is not a problem.
(And btw. Ludwig von Mises' regression theorem states that money must trace its value back to a time when it was valued as a non-monetary commodity)
bitcoin is money. money has a definition. one of the money properties is store of value. otherwise why would you accept it.
there is no such thing as "not enough money" in economy. prices will adjust.
hoarding it is not a problem.
(And btw. Ludwig von Mises' regression theorem states that money must trace its value back to a time when it was valued as a non-monetary commodity)
So think Blackrock aren't part ofnthe coercive state?
Saylor isn't the independent operator he portrays either.
If they lock up 10% or so then sure it only reduces supply.
But what happens if the ins...
can you buy and transact with bitcoin or they are the only one who is allwed to?
until this somehow changes, i don't care what they do.
until this somehow changes, i don't care what they do.
but it does affect fundamentals.
we're about 20m coins mined, 4m lost allegedly, so 16m in circulation.
Blackrock and Strategy own 1.6m between them so thats 10% out of circulation for the medium term...
If they hold coins they reduce supply, which raises the purchasing power of the remaining coins. that's not price control.
Bitcoin would only "fail" if ownership concentration came from coercive state privilege rather than market transactions. That might happen, but it's not the case now.
Bitcoin would only "fail" if ownership concentration came from coercive state privilege rather than market transactions. That might happen, but it's not the case now.
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every year I need to disassemble my garden water pump for rain water after winter.
every year I tell myself to apply vaseline so I don't have to do that excercise next year.
guess what I just did 🤣
every year I tell myself to apply vaseline so I don't have to do that excercise next year.
guess what I just did 🤣
It's funny how people on Nostr so often think that the general populace would have a problem with app age checks. They love this stuff. This is really popular lawmaking; that's why it's spreading like...
I talk to normies all the time, so I never had that impression in the first place.
Most of them will cheer surveillance for "security" in a heart beat.
Most of them will cheer surveillance for "security" in a heart beat.
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do you remember bloodhound gang? look it up
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