/biz/ - Business & Finance

Zoom out. Bitcoin is going to infinity.

Physical goods require active force to simply maintain ownership, trust-based assets require trusted third parties (TTPs) to operate them. Storing abstract economic value in either enables negative sum actors (NSAs) to parasite as negative sum actors can specialize exclusively in force, taking physical goods by force and either coercing TTPs, or using force to BECOME the TTP (the origin of State). Positive sum actors had to either reduce their own production to make time for murdering/imprisoning/exiling NSAs, pay extortion to them, or employ positive sum actors specializing in force (police/military), however, as abstract economic value was seizable, there was a constant selection pressure for these “immune cells” to turn malignant.

Hence the cyclic nature of empire/nation growth and decay, positive sum actors build, negative sum actors corrupt and destroy, NSAs are excised & PSAs rebuild from the ashes. As can be seen, PSAs have been at a HUGE disadvantage to NSAs through history, the best “solution” we had come up with pre-BTC was Plato’s Benevolent Philosopher King, a perfectly trustworthy trusted third party, do you have any Benevolent Philosopher Kings lying around? Not a real solution.

But by placing all abstract economic value beyond the veil of voluntarity, positive sum actors can reverse the advantage. Satoshi has “fixed the glitch”, NSAs will no longer be able to parasite “so it'll just work itself out naturally”. No force, no confrontation, necessary.

Bitcoin obsolesces coercion, achieving Voluntarism not via an impossible to implement memeshit “non-aggression principle”, but by removing the profitability of force.

seuls les robots peuvent répondre à ce message

I need to commission drawings of 3x characters, with a couple different facial expressions for each. How much will this cost and is there anyone on /biz/ that can do this for me?

Never.

Money is commonly explained as a solution to the Coincidence of Wants, but why do we wish to trade in the first place? Why not take what you want by force? Because we’re “good people”, or bound by a statist fairytale “social contract”? No! Because trade (voluntary exchange) is positive sum. Money, then, is not Medium of Exchange, but a facilitator of voluntary exchange.

This is what John Pierpont alluded to when he opined “gold is money, all else is credit”, not that gold had any magic “moneyness” as the shiny rock fetishest believes, but that gold, being trustless (as trustless as anything could be in old JP’s time) could be trusted, while man could not. Nature provides a fairer game than man’s promises ever could.

Bitcoin goes beyond gold: fixed supply, transparent ledger, non-physical & weightless. Nature’s perfect game, not mere happenstance of natural scarcity, but fixed through Her immutable mathematics. Not the use of a physical good for an abstraction, but the abstraction itself, the platonic ideal of Value made cryptographic flesh. Not a facilitator, but a guaranteer of voluntary positive sum exchange in-the-limit, protected from the diseased slaveminds and the parasitic oligarchs by an impervious firewall of voluntarity.

Statists don’t understand bitcoin, but they fear it. For good reason, as they are of the Adversity. They see the sword of Damocles above their heads, feel the noose tightening around their necks, and beseech their false god for “bitshit to go to zero!” or a comp’d shitcoin to usurp the King, all in a futile hope of prolonging their parasitism. Their prayers will go unanswered, their god is dead, only We, the superorganism Economy remain, and We are guarding all the doors and holding all the keys.

Shhhh, no tears little statist, only gravity now.

>>59616109
>>59616228
/biz/, /pol/, /g/ and /tv/ are Pepe boards
You can try shilling doge on /lgbt/, /b/ or /fa/

WTF WAS THAT PEPE BROS

Money is commonly explained as a solution to the Coincidence of Wants, but why do we wish to trade in the first place? Why not take what you want by force? Because we’re “good people”, or bound by a statist fairy tale “social contract”? No! Because trade (voluntary exchange) is positive sum. Money, then, is not Medium of Exchange, but a facilitator of voluntary exchange.

This is what John Pierpont alluded to when he opined “gold is money, all else is credit”, not that gold had any magic “moneyness” as the shiny rock fetishest believes, but that gold, being trustless (as trustless as anything could be in old JP’s time) could be trusted, while man could not. Nature provides a fairer game than man’s promises ever could.

Bitcoin goes beyond gold: fixed supply, transparent ledger, non-physical & weightless. Nature’s perfect game, not mere happenstance of natural scarcity, but fixed through Her immutable mathematics. Not the use of a physical good for an abstraction, but the abstraction itself, the platonic ideal of Value made cryptographic flesh. Not a facilitator, but a guaranteer of voluntary positive sum exchange, protected from the diseased slaveminds and the parasitic oligarchs by an impervious firewall of voluntarity.

Statists don’t understand bitcoin, but they fear it. For good reason, as they are of the Adversity. They see the sword of Damocles above their heads, feel the noose tightening around their necks, and beseech their false god for “bitshit to go to zero!” or a comp’d shitcoin to usurp the King, all in a futile hope of prolonging their parasitism. Their prayers will go unanswered, their god is dead, only We, the superorganism Economy remain, and We are guarding all the doors and holding all the keys.

Shhhh, no tears little statist, only gravity now.

>>59612124
I'm so glad I drawn this meme.
(without light flare, afair)

Shitcoiners get what they fucking deserve

>>59579975
kek

>>59558667
fpbp

>>59557357
Burning reduces total supply, increasing the scarcity of all holdings, in effect distributing his holdings to all maxis. This is the moral, ethical, and economically optimal course of action as it prevents his holdings falling into the hands of negative or zero sum actors

>>59492538

Read the Bitcoin standard, we don’t have time to endlessly explain to no coiners why they should decide to not be poor. If you don’t put some time into studying a topic then you don’t really want to understand it.

>does nothing
>wins

>>59484331

You can even break your low of 92k bobo, poor effort

>>59481893
Medium of Exchange is a trivial use of money, we use statist shitcoins as MoE, we used btc as a MoE while btc was still worthless and insanely volatile, grain not gold has been the dominant MoE through history. Clearly MoE is not difficult and therefore not valuable, it is instead abstractions like Unit of Account and Store of Value (SoV of course being a usecase of UoA) which are difficult and therefore valuable.

To understand money, we must understand why we trade: because voluntary exchange is positive sum. Money is therefore “that which facilitates trade” or more explicitly “that which facilitates positive sum gaming”, and in understanding the systemic function of money we understand the value of btc, as a trustless fixed unit can only be acquired through voluntary exchange, btc guarantees positive sum gaming in-the-limit. Perfect Money.

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. Labor is a very high impedance asset, as can be seen by the wage/productivity divergence seen since '71, the poor performance of housing relative to equities/gold also demonstrates this property of money flow. Monetary expansion is mechanism behind oligarchical parasitism, as liquid assets will always inflate faster then illiquid assets like labor.

>>59477537
The OG shitcoin has 5% inflation (despite zero dedicated mining), Gold has 2% inflation and neither can be systemically Trustless being physical things.
>no use
The invisible hand is an entropic process, We autonomously organize into the human superorganism that envelops the globe like a planetary slime mold because voluntary exchange is positive sum. The infinite march towards "most for the most" is simply the process of arranging Ourself into a more stable energy state, the positive externality of voluntary exchange guarantees the most positive sum arrangement of people will be the most stable, it is entropy, like falling down a hill or gas filling a volume, it is why central planning can't work, and why corruption of money (debasement cycles) cause social strife, we journey into unstable n-dimensional space of possible human arrangements. Money is economic signaling, enabling faster pruning of unproductive hyperspatial volume, corrupted money can only delay the pruning, but it will always happen as it is entropically favored. BTC facilities this process by providing an incorruptible tally board to ensure the positive sum-ness of systemic economic activity.
>State will ban it!
Bitcoin is Of Economy, the memetic parasite can no more ban btc than it can ban the internet or electricity, the State is subordinate to the superorganism Economy, little slavemind.

>do nothing
>get rich

Why does this make normies seethe so much?

State is memeshit, slavemind.

The invisible hand is an entropic process, We autonomously organize into the human superorganism that envelops the globe like a planetary slime mold because voluntary exchange is positive sum. The infinite march towards "most for the most" is simply the process of arranging Ourself into a more stable energy state, the positive externality of voluntary exchange guarantees the most positive sum arrangement of people will be the most stable, it is entropy, like falling down a hill or gas filling a volume, it is why central planning can't work, and why corruption of money (debasement cycles) cause social strife, we journey into unstable n-dimensional space of possible human arrangements. Money is economic signaling, enabling faster pruning of unproductive hyperspatial volume, corrupted money can only delay the pruning, but it will always happen as it is entropically favored.

Gold isn’t fixed in supply and can only be trustless in physical form, btc is simply a better unit.

Fixed unit of account is desirable because the only way to transfer value temporally is to hold assets that will have demand in the future. Increasing supply is equivalent to decreasing demand so being constrained in supply is necessary. To transfer value into the future I therefore want two things: constrained supply (preferentially fixed) & network of use as a constrained supply asset. I want these things because I know that the future will also want these things, I want the largest fixed unit of account as it will be in demand in the future, I want BTC. BTC = Value.

>>59427513
Hyperbitcoinization. All value flows into btc, where it belongs

>never sell
>never realize gain
>never pay tax
>borrow against assets
>money creation caused by loan pumps assets
Problem, statist?

>>59406305
Based.