Subnostr

GM nostriches! 🌞☕💜🧡 #coffeechain #plebchain #grownostr

Maybe unpopular take:

Collectively #Bitcoin plebs & HODLers are doing the same thing as Binance does with BNB, FTX did with FTT and the diamond cartel does with diamonds.

We are increasing the illiquid supply to inflate the total market cap.

Ultimately I think liquidity is what gives Bitcoin value, and for hyberbitcoinization to take place that needs to go up a lot.

Just some thoughts as we are heading into the halving and possible squeeze of the price (partly as a function of illiquidity).

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Discussion

Matt 2y ago

The SoV bit is fine and all, but it's real value comes from its utility. If it's not useful it doesn't matter how rare it is. Therefore, increasing the amount of goods and services which are exchanged for it is more important and useful than just hodling. Just hodling is effectively waiting for everyone else to do all the work so you don't have to.

Robertrobert 2y ago

GM☕️. just a matter of time⏳

captjack 🏴‍☠️✨💜 2y ago

thats a good thought - derivatives - many other factors - makes it complex in market price dynamics - ultimate matter will be "value" !

Enjoy the ride 2y ago

Good morning 🧡

Vika 2y ago

Does this mean that as a potential metric for adoption, we should most likely exclude sats that are lying unused for more than some time from the market cap, and only count sats that actively change hands?

In addition, this would also exclude abandoned wallets whose owners lost the keys, which to me sounds like a good thing. These bitcoins are essentially burned and are doing nothing productive.