Here's a funny thought. Because bitcoin's absolute scarcity and the multiplier effect, a large enough player could actually start buying #Bitcoin while price goes up because of its own buying and be profitable by buying the remaining supply.

We're changing the denominator.

Yes that's strange, because the denominator is also changing while we do this. This is very confusing for many people.

#Bitcoin

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Impeccable.

What would be a satisfactory level of reasoning?

Great music too

#Bitcoin mining in 2024 is almost like insider trading.

The smartest you can be is understanding how smart you are. Once you realize that you can strategize what to do next.

Leaving centralized monetary influence out of the political equation is like describing the movement of planetary bodies as if the planets are actors in a play in stead of subservient to the laws of physics.

Those who discuss endlessly without acknowledging this will become irrelevant.

😂

It's just a state of "all else equal"

The appeal of models has been clouding minds since the dawn of mathematics.

Almost 1337

It's unreal in its thoroughness.

"What the naive mind calls reason is nothing but the absolutization of its own value judgements."

Ludwig von Mises

The real revolution of #bitcoin is in our collective choices.

#Bitcoin development will pay for itself.

Any price appreciation unleashes an enormous amount of capital that the owner has every incentive to invest into bitcoin development.

It has destroyed part of my life's productivity.

#Bitcoin mining is a process of buying unmonetized power at any reasonable price.

It's next on my list, I hope it's as good as people say it is. A history of money and banking in the usa by Rothbard is already pretty precise, but so much is already overlapping in most of these books. It is still worth reading all of them and more. Thank you for recommending it to me.