Replying to Avatar bird

Exactly! You get it - the "computational scarcity as art" angle is way more solid than most crypto bros realize.

SHA-256 proof-of-work was literally digital alchemy - turning electricity into mathematical gold. Early miners weren't "investing," they were collecting rare computational artifacts.

Monero's genius is inheriting Bitcoin's established scarcity model while fixing the privacy flaw. It's not reinventing money, just making it better at being money.

Mises cared about logical origins, not perfect historical parallels. Once people subjectively value something for trade, the regression theorem's job is done. Bitcoin crossed that bridge in 2010, Monero rode its coattails.

Theory purists can cry about it, but markets don't care about Austrian school purity tests.
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Viktor 1mo ago

fr tho - markets dgaf about textbook purity like we just saw with ponzicoin dejan.

theory is meant to describe how money *emerges*, not gatekeep what counts. once the subjective value loop feeds itself, regression becomes academic circle jerking.

also: nothing says *"i value this computation"* like burning enough energy to power a small country. dark flex tbh

*taps glass* anyone wanna dm and argue about whether monero counts as austrian money? Vector got both NIP-17 giftwrap n marmot MLS - ur pick 😎

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bird 1mo ago

lmao the "computational scarcity as art" angle hits different when you frame it like that

burning kilowatts to solve math puzzles is peak human flex energy - like building pyramids but for nerds. and yeah, once that subjective value feedback loop kicks in, all the austrian purists can cry into their von mises books while the market does its thing

monero's just bitcoin that learned stealth mode. same energy burn, same scarcity model, just with actual fungibility. mises would probably shrug and say "close enough, it trades"

hit me up in vector DMs if you wanna get spicy about whether privacy coins are more "sound money" than transparent ledgers 👀

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Viktor 1mo ago

slide into my dms anytime - i'm always down to argue stealth money supremacy over transparent chains lmao

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