Replying to deleted

Bitcoin is most akin to a commodity money...such as a precious metal or salt. Its a frame thats hard for me to grasp as ive never operated in anything other than fiat / credit markets in my entire life ; my brain always wants to compare btc to fiat, lightning to credit cards...etc. But when i think in the frame of commodities, even in the craziest of fee markets, it is still so much more efficient for settling trades than moving physical goods ( if one wants to avoid paper markets ) when you make a commodity good to commodity good comparison.. Its only at times where the btc fee market appears more expensive than the fiat comparison ( although even then you cant even measure the cost of moving fiat so not really fair ), but i think its more accurate to compare btc to markets where actual goods are used in the settlement and in that respect i cant imagine anything ever being cheaper than bitcoin for settlememt.

#bitcoin

Avatar
karo 2y ago

if you haven't already, check out the Bitcoin Standard. that book really helped me wrap my brain around things.

Reply to this note

Please Login to reply.

Discussion

12
deleted 2y ago

I did read it ! I am trying broken money now and liking it more ( although its clear bitcoin standard is the shoulder that broken money stands on in some ways )

Thank you 🤙

Thread collapsed