Replying to Avatar 2Pac

Because supply is only have the equation of value the other half is demand. If bitcoin demand goes to zero so does value doesn’t matter if terminal supply is fixed.
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satoshi jr 1d ago

That's the same for all goods and services.

The point is given a demand for money and the choices available. Even if you had a random distribution. You would end up with all the value in bitcoin as the value of monero gets inflated away

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2Pac 1d ago

The demand for both is not equal hence bitcoin is currently doing down in value (even with fixed supply) and Monero is going up in value (with tail emissions). And gold value is going up with inflation from mining. These things are not static. The market determines the value.

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satoshi jr 1d ago

Are you looking at like the last 5 min?

There's a clear trend in the prices over the last 10 or so years and its not in moneros favor.

I'm talking about the large arc of time type of movement where the noise smooths out.

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2Pac 1d ago

Bitcoin has a 7% gain on Monero over 5 years. Not that impressive.

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2Pac 1d ago

See for yourself

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satoshi jr 1d ago

Over 10?

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2Pac 1d ago

Point is returns are diminishing if you expect Bitcoin to perform over the next 10 years as it did in its first 10 years you’re gonna have a bad time.

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2Pac 1d ago

Don’t get me wrong I love Bitcoin I’m just not blind to its flaws

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satoshi jr 1d ago

Im arguing that in the design space available bitcoin seems to have hit at least a critical mass of things right much earlier than competitors that its sucked the oxygen out of the room. All the altcoins have either serious design flaws or are out competed

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satoshi jr 1d ago

Fiat returns?

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2Pac 1d ago

What other returns are there? What do you pay your bills with?

When bitcoin goes up in fiat

PURCHASING POWER!!! YEY!!

when anything else goes up

FIAT RETURNS!!! BAD!!

😂

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satoshi jr 1d ago

Then I disagree I expect the fiat returns of the next 20 years to be much higher than the first 20

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2Pac 1d ago

Take me to your hopium dealer 😮‍💨💨

That would be great if true but I wouldn’t bank on it.

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satoshi jr 1d ago

You expect fiscal conservatism from world governments? With the us at over 100% debt to GDP? Japan over 250?

And with multipolarity and at least continued economic warfare?

I don't see how you can believe Fiat printing won't be exponential

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2Pac 1d ago

No I just don’t expect bitcoin to go up 129,000,000% in the next 20 years 😂 or Bitcoin to be the sole beneficiary of said printing.

hopium quit smoking it

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satoshi jr 1d ago

It won't be the sole beneficiary just the largest.

Let me weaken the argument a bit. I believe the diminishing Fiat returns will be false. There will be too much printing for that to be the case.

Though I do have a greater than 30% or odds that the dollar as it is dies in the next 20 years so 129m% returns may be tame

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2Pac 1d ago

I see your 129m% and raise you 100 gazillion %