Man, some of you really let your schooling get in the way of your education and it shows.
If you have not picked up a text book since high school or uni you're probably doing it wrong.
lmaoo you realize market cap = share outstanding * price ?? We can and do manipulate both ends of that equation. Price is directly correlated to destruction/creation of shares in addition to creation destruction of currency units.
Let me reiterate for you the market price for bitcoin is FAKE. We don't have a market for this. It's not possible to measure the system from within the system. Take some time with physics and or finance and get back to me. This is easy stuff.
The s&p or Bitcoin does not represent value of all the companies or value of satoshis; it represents a savings rate of all the currency units in the system. It has nothing to do with supply/demand, it's simply a reflection of the system. Market cap of all companies go up when there are more currency units in the system.
The bitcoin price is fake because we're using the wrong measuring post from which to measure. It's like asking "how far is it to the moon?" and saying "it's 300 calories". The units of measurement are completely wrong.
I don't hate the dollar or any fiat system, it's just it's design. It's like being mad at the wind for blowing.
How would one purchase dollars? You either work -work synonymous with mining- for it or trade for it .
Most of the "advancement" in our economy the past 20yrs has been how to better sell shit people. Most of this "AI" being paraded around will spend enormous amounts of energy to build a linear regression model on how to make you buy another $5 worth of shit online.
We're so advanced.
They make songs and jingles for fucking pharmaceutical products and call it "medicine" lmao
Good medicine need no advertisement.
Ever seen an advertisement for penicillin? No. Because there is no money in it and it works. It needs no jingle.
Feminism has ruined an entire generation of women. They are unmarryable.
Market actors transact every micro second at prices, and prices reflect scarcity of a product where exponentially more purchasing units are created globally everyday.
Dollars to bitcoin is a FAKE exchange rate.
Closest market we can comprehend would be something like a kW/h - BTC exchange rate. The world is not ready for that.
Imagine running on a treadmill for an hour for like 10 sats.
Correct. If it's available at all.
I'm pretty confident we're close to the point where we will not be able to exchange fiat for #Bitcoin.
Different regime starts soon.
$ price does not reflect and probably never will reflect how scarce #Bitcoin is.
Mining will probably be the only option for stacking additional sats.
Please algo, get more views, make more money, get more ads, get more ad dollars.
Broken incentives everywhere
I think that's the natural state. Lower fees are good for users. My contrary opinion is that fees will go down over time. Lots talk about UTXO consolidation because they think fees will be way higher in the future.
Peter shiff 🤝 saifdean
Not the collab I was expecting
I'm pretty convinced wall st or govt has his ear recently. We're entering supply danger zone.
No pavement princesses there. Those are working boys.
Thankfully most of the supply is in plebs hands.
