Just listened to the Podcast. 3+ yr bitcoiner...
45% BTC. 55% altcoins like Ada, Matic, Algo. What r your thoughts on these "high end" cryptos that have real development efforts going on?
Discussion
I feel confident speaking on Jeff’s behalf on this one. Bitcoin is the single true measuring stick by which the advances in technologies translate to deflation. Benefits flow to consumers in the form of lower prices. Everything else is a distraction as far as a monetary base layer.
I think “in time” they all go to zero. This is why: https://www.jeffbooth.ca/post/finding-signal-in-a-noisy-world
I ended up here trying to answer my question above...
From your article: "Over time, people will realize that instead of pricing Bitcoin “from the system” that they live in today, Bitcoin will price everything in that system."
Took me a second to conceptualize it.
Goods/services will be priced in Bitcoin... based on supply/demand (and market) forces intrinsic to Bitcoin *itself; reflecting the natural deflationary effects of its limited supply and the principles of free market competition.
The lakehouse analogy makes sense.
It can be so mind-bending to break free from traditional economic models and the current pricing system.
Paired with AI and tech exponential growth, the value of BTC is going to melt faces. 🤯