/biz/ - Business & Finance

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.

>>59384856
Unit of account 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. A fixed unit of account greatly simplifies economic calculation as price carries information, a unit of account is to a fixed unit of account as a conductor is to a superconductor.

BTC will continue unabated as a fixed unit of account is most useful as the sole denominator of everything.

Hyperbitcoinization has begun.

∞/21m is a bargain at twice the price.

>>59383365
BTC is a simple computer network game where people compete to compute a hash, with the reward, a unit of the game, being transferable within the game. Nothing more, nothing less.

The novelty lies in the autonomous, trustless, decentralized nature of the game and it's rules, which renders the game-unit a fixed unit of account, the world's first.

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.

>>59358354
The value of Money is a product of how well it meets the demand for Money. Medium of Exchange is a trivial use of money as transactional use carries little term risk, see: fiat value over time versus gold, BTC, equities. The chunky part of Money is the Store of Value, Unit of Account demand, as these demands can't be met by anything but an abstraction like money. BTC is a quantum leap in these properties of money, fixed in supply, stateless, trustless, transparent ledger etc etc. Compared to gold, with it's infinite supply and 2% inflation, or equities with their enterprise risk and unlimited supply, bitcoin is unmatched

>>59357315
It's a tireless job but somebody's gotta do it

1 BTC = 1/21m of BTC, forever. Realize how revolutionary that is, a trustless, fixed, autonomous, decentralized unit. That is what we've always wanted from money, it's why gold was used, because the natural properties of gold create an approximation of a unit. But gold isn't fixed in supply and is only low trust, and even then only low trust in physical form. As economies became more complicated gold needed to be abstracted rendering gold entirely trust-based, opening the door to corruption and the current sorry state of money.

What we want from money has always been the unit, by having a unit of account we reduce the number of prices from n^n to n. We cannot engage in complex economic calculation without a unit, but the units we've been forced to use out of necessity do not provide a clean economic signal, with a trustless fixed unit of account the efficiency of economic calculation is increased massively

>>59324932
1 BTC = 1/21m of BTC, forever. Realize how revolutionary that is, a trustless, fixed, autonomous, decentralized unit. That is what we've always wanted from money, it's why gold was used, because the natural properties of gold create an approximation of a unit. But gold isn't fixed in supply and is only low trust, and even then only low trust in physical form. As economies became more complicated gold needed to be abstracted rendering gold entirely trust-based, opening the door to corruption and the current sorry state of money.

What we want from money has always been the unit, by having a unit of account we reduce the number of prices from n^n to n. We cannot engage in complex economic calculation without a unit, but the units we've been forced to use out of necessity do not provide a clean economic signal, with a trustless fixed unit of account the efficiency of economic calculation is increased massively

>>59317055
checked, fren

>>59306263

>>59284430
*B*A*S*E*D*

>>59283606
>about the price of BTC.
I just replied to that, you purposefully obtuse moron. Bitcoin goes up in value, no matter if you express it in fiat, or in grams of gold - it is up up up up +10000% in last decade.
Keep coping and seething.

>>59283632
>*fails to reply to any argument or post own arguments*
>y-you are losing argument!
Keep coping and seething.

Take note kids, these are the last metal-proponents.

>>59276129
That's rite

>>59265455
Put me in the screencap

>>59260928
>DCA EVERY DAY

>>59241682
AQTa1DRR24F7UL4zxhC8b11vzZBkSFAxXMGBUUqHTXmB

>>59237362
>that's right, who cares what the market thin-

# Name Market Cap
1 BitcoinBTC $1.8T$1,796,486,951,689
2 EthereumETH $377.42B$377,417,758,834
3 TetherUSDT $127.65B$127,650,375,397
4 SolanaSOL $112.2B$112,199,749,606
5 BNBBNB $88B$87,997,880,312
6 XRPXRP $61.89B$61,892,832,474
7 DogecoinDOGE $54.04B$54,038,742,211
8 USDCUSDC $37.22B$37,219,304,739
9 CardanoADA $25.81B$25,806,446,399
10 TRONTRX $17.53B$17,525,669,402
11 Shiba InuSHIB $14.36B$14,359,492,083
12 AvalancheAVAX $14.28B$14,275,609,221
13 ToncoinTON $14.03B$14,031,859,504
14 SuiSUI $10.4B$10,398,966,153
15 ChainlinkLINK $9.37B$9,368,509,091
16 PolkadotDOT $8.86B$8,857,529,398
17 Bitcoin CashBCH $8.7B$8,703,623,293
18 PepePEPE $8.45B$8,445,563,243
19 NEAR ProtocolNEAR $7.24B$7,240,835,585
20 UNUS SED LEOLEO $7.13B$7,127,232,329
21 StellarXLM $6.74B$6,738,974,273
22 LitecoinLTC $6.58B$6,580,423,126
23 AptosAPT $6.25B$6,253,316,035
24 UniswapUNI $5.41B$5,408,447,355
25 DaiDAI $5.37B$5,367,561,906
26 HederaHBAR $4.63B$4,633,190,448
27 CronosCRO $4.49B$4,490,398,925
28 Internet ComputerICP $4.38B$4,384,495,908
29 KaspaKAS $4.26B$4,255,953,440
30 RenderRENDER $3.94B$3,937,538,633
(...)
38 MoneroXMR $2.94B$2,936,116,569

>...I.. I... I mean... I.... the m-market....
ahaahahaahaaHAHAHAHA
>*ACK*

>>59221406
Bitcoin (BTC)