Read #PriceofTomorrow by nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe It deals with this subject in detail... highly recommended
The issue of sound money scarcity is very interesting in my eyes, and will lead to a world of completely different incentives and strategies to get ahead. It will be a return to merchantilism!
The price of commodity will fall to the cost of production, yes. That's why commodity producers often form gangs... I mean legitimate trade unions... (OPEC being the best example) But producers find a myriad of ways to de-commodify their goods; trademarkes, patents, and IP law help uphold these "moats" of differentiation... you may know how the recipe to Coca-Cola but you can not sell a soft drink with that name.
Correct. You must beat the "hurdle rate" of bitcoin return, that is the true cost of capital. So at 100% annual return the market tells me to hold bitcoin and make the money more scarce and sound, but when bitcoin gets to a sufficient size in market cap that rate will drop (logarithmic progression). As it drops other activities will yield a higher return, but the beauty is that people will be highly selective in their investments and malinvestments will be greatly reduced... an efficient capital market emerges.
The price will follow a logarithmic progression (a disinflationary pric, forever higher in absolute terms but lower and lower in percentages)
I disagree. Bitcoin will provide a true cost of capital (~100% APR over the last ten years) . This is the market telling you that the most important thing you can do is establish a sound money. After BTC reaches true scale (2030's) this yearly return will drop I think by an order of magnitude (~10%). I think plenty of business can operate that return 10% more value to shareholders than idle capital.
If the Fed tries to draw on the Treasury General Account things would get *very* interesting.
The central banks are now extracting money directly from national treasuries! You know what it reminds me of: the Lanz Bulldog tractor. A huge archaic design of a tractor that if it slowed down too much would reverse (!) polarity of the engine, and often times flip backwards and kill everyone on board.
https://m.youtube.com/watch?v=pYeEotP_c3M&pp=ygUMbGFueiBidWxsZG9n
Lanz was based out of Mannheim... pretty legendary
Not the only country bailing in their central bank:
https://www.zerohedge.com/political/bank-englands-qe-driven-losses-worsen-expected-hit-ps150-billion
The central banks are now extracting money directly from national treasuries! You know what it reminds me of: the Lanz Bulldog tractor. A huge archaic design of a tractor that if it slowed down too much would reverse (!) polarity of the engine, and often times flip backwards and kill everyone on board.
https://m.youtube.com/watch?v=pYeEotP_c3M&pp=ygUMbGFueiBidWxsZG9n
Not the only country bailing in their central bank:
https://www.zerohedge.com/political/bank-englands-qe-driven-losses-worsen-expected-hit-ps150-billion
On a long enough timeline we all become enemies of the state. -Trotsky ?
A transaction is an expression of value... they're the same
Where we are going... everyone is going to be a shit posting billionaire. (Inflation)
No need... I subscribe to fractal theory that larger super structures mirror the smaller structures and vic-versa: it's fraud top to bottom, inside and out.
Compare this to bitcoin in which there will never be a fraudulent transaction, and now imagine the structures to be build atop bitcoin. *That* is the real noodle cooker
If she floats she's a witch!! It should be engraved on all court buildings.
Doesn't matter... chainanalysis will be used against enemies of the state as a "100% fact" and idiot juries will convict based on these "facts".
Head of Chainalysis Investigations Admits There's No Scientific Evidence Proving Their Surveillance Software Works
Elizabeth Bisbee, head of investigations at Chainalysis Government Solutions, testified that she was 'unaware' of scientific evidence for the accuracy of Chainalysis’ Reactor software used by law enforcement.
https://www.nobsbitcoin.com/chainalysis-investigations-lead-declaration/
Goes into detail about the fraud that is Chainanalysis
Houses don't appreciate in value... that is an illusion. They appreciate in *price*. If you divide by % of M2 created since initial investment you will break that illusion.
