/biz/ - Business & Finance

>>58663740
>but da high priest say if grug no give him free resources da sun won't rise!
Statist slavemind.

Unit of account, money-as-tally-board, is the systemic function of money, this is a vital economic function as without the signaling of money we could never autonomously organize into the mutually beneficial superorganism that ungulates across the earth like a planetary slime mold.

Trust-based money (yes gold backed money is trust based) will degenerate because it's too insidious of an exploit, and once exploited it becomes easier for the malicious actors to exploit and more difficult for honest actors to ameliorate as you're now systemically rewarding corruption.

As Szabo notes, trusted third parties are always a security hole, trying to place someone "real trustworthy" in control isn't a fix, the problem is the TTP, if you remove trust from money it can't be corrupted.

Trustless money in contrast to trust-based money is naturally GENERATIVE, it will approach Sole Denominator in-the-limit just as trust-based money will always approach zero in-the-limit, it is simply too systemically valuable, nothing is above Everyone.

>>58647997
Unit of account, money-as-tally-board, is the primary function of money. It is this function that enables economic calculation, it is this function that enforces the game theory of voluntary exchange and frees us from the hobbesian war of all-against-all.

We now have an immortal, incorruptible, trustless, stateless, transparent tally board to ensure all the big, important tallies add up. If the current tally board is fair, then BTC should have a value of zero, if the current tally board is corrupt, BTC will approach Sole Denominator in-the-limit. Is the current tally board fair? Which path are we on?

>eliminate the (non-CBDC) crypto
You view the hierarchies of the world something like:

Humanity:
•State:
••economic system
••$USD
•••business:
••••paypal

And you'd place BTC somewhere between USD & paypal, between currency and money transmission service, but that's not reality, the actual hierarchies are more like:

Economy:
•Humanity:
••State:
•••economic MODELS
•••$USD
••••business:
•••••paypal

With BTC of Economy. BTC serves a function (trustless fixed unit of account, i.e. incorruptible tally board) for the superorganism Economy, we are the cells of the superorganism, we compose Economy, we do not control Economy. The State can no more ban BTC than it can ban electricity, BTC is above all of us, it belongs to the superorganism.

BTC needs to be larger to fully function as Economy's unit of account, so Economy, being Economy, will simply pay you to adopt it, to support it, this is why BTC rises in value. It shall grow until it's large enough to function as the sole denominator of the world, nothing can stop this from happening as nothing is above Economy.

>>58639351
>he takes pride in simping for parasites
Sad. Superorganism Economy is now fully in control, bend the knee or be forgotten.

ALL YOU TYRANT FIAT PRINTING NIGGERS PER PAIR TO LAY DOWN AND DIE.

20x minimum.

Store of Value is not new, SoV is omnipresent as it's a vital economic function. Something will be used as a SoV, and that thing will develop SoV value, value as a SoV, supported by demand for SoV.

The value of a Store of Value is derived from demand for Store of Value. SoV stores value dispersed within the economy by being something that meets the demand for SoV. If I buy something with good SoV properties and high network effect it will have SoV demand in the future and therefore hold real terms value.

Bitcon is the world's first fixed unit of account, trustless, stateless, transparent, can be securely self-custodied. A quantum leap in stores of value.
>so why isn't it already a billion trillion dollars?
Network effect. Capitalization. That's all that's left, and its network of use as a SoV grows each day.

Network effect is a positive feedback loop in a SoV as buyers of SoV want the SoV that others use, it's already passed the point of no return, this halving marks the inflection point where BTC inflation (1.7% now) falls well below gold's mining inflation (2%), at all future points BTC will only ever be a better and better fixed unit of account, there are no brakes on this train.

The value of a Store of Value is derived from demand for Store of Value. SoV stores value dispersed within the economy by being something that meets the demand for SoV. If I buy something with good SoV properties and high network effect it will have SoV demand in the future and therefore hold real terms value.

Bitcon is the world's first fixed unit of account, trustless, stateless, transparent, can be securely self-custodied. A quantum leap in stores of value.
>so why isn't it already a billion trillion dollars?
Network effect. Capitalization. That's all that's left, and its network of use as a SoV grows each day.

Network effect is a positive feedback loop in a SoV as buyers of SoV want the SoV that others use, it's already passed the point of no return, this halving marks the inflection point where BTC inflation (1.7% now) falls well below gold's mining inflation (2%), at all future points BTC will only ever be a better and better fixed unit of account, there are no brakes on this train.

MAX PAIN

MAX PAIN

>>57977487
>Shill me x10-x100 gems
Bitcoin (BTC)

The value of a Store of Value is derived from demand for Store of Value. SoV stores value dispersed within the economy by being something that meets the demand for SoV. If I buy something with good SoV properties and high network effect it will have SoV demand in the future and therefore hold real terms value.

Bitcon is the world's first fixed unit of account, trustless, stateless, transparent, can be securely self-custodied. A quantum leap in stores of value.
>so why isn't it already a billion trillion dollars?
Network effect. Capitalization. That's all that's left, and its network of use as a SoV grows each day.

Network effect is a positive feedback loop in a SoV as buyers of SoV want the SoV that others use, it's already passed the point of no return, this halving marks the inflection point where BTC inflation (1.7% now) falls well below gold's mining inflation (2%), at all future points BTC will only ever be a better and better fixed unit of account, there are no brakes on this train.

Money literally flows, monetary expansion causes money to flow almost exactly like electricity, with the "monetary impedance" (how easy an asset converts to money) of an asset determining how fully an asset inflates for a given increase in monetary base. The wage/productivity divergence is caused by this phenomenon, as labor is an exceptionally illiquid/high impedance asset. The same pattern is seen in other illiquid assets like housing, notice that high-end housing has seen a SHARPER decline (factored for money stock) than low-end housing, which is to be expected as high-end property is even less liquid than normie SFH. In contrast, low impedance (liquid) assets such as gold or equities move in lockstep with monetary expansion. This is the mechanism behind oligarchical parasitism, taxing "the rich" does nothing, only hard money fixes this problem.

>>57860438
BTC is God(the superorganism Economy)'s will made manifest, you will bend the knee or burn for your heresy

BTC is a stateless, trustless, fixed unit of account. A quantum leap in monetary technology. It's fair value in 2024 dollars is $20-500T.

MAX PAIN

NTMA

>>57795607
All Money is abstraction, smoothbrain. The fact you use Money without the slightest understanding of Money just shows the power of economic solutions. Bitcoin has already won, Hal killed the last great memetic parasite, all hail the superorganism Economy!

Holding Bitcoin is basically a new form of UBI that cannot be controlled by anyone.

$1 = 1 sat in 2050

I am your salvation. Let me set you free...

>>57750152
Join us

>t-they ban it! t. sidelined buttcoiner
Bitcoin is of Economy, they are powerless to stop what is coming

>>57740790
It's a fixed unit of account, the world's first. Transactional media function of Money is easy, the store of value/unit of account function is hard, the juicy systemic economic value is in producing a fixed unit of account as it enables more efficient economic calculation.

>>57732743
based