/biz/ - Business & Finance

*DABS*

wagmi

>>57569064
>while we have fun staying poor.
This, but unironically.

Snail going the distance

No, transactional media are poor stores of value.

>>57259060
kek stay assmad, the "we'll see in 10 mins" was you and you were posting bearish sentiment, well the bull was right
EAT SHIT
HAHAHAHAHAHAHA

>>57253076
Yes. Never forget how rare BTC is, and how much other "fixed" units of account actually inflate. Gold is mined at a rate of 2% per year, for every new BTC mined today, 21 POUNDS of gold is mined, after 2024 that'll be 42lbs and so on. There exist 16lbs of gold above ground for every one of the total 21m BTC, and 5 toz of new gold mined every year for every one of those 21m BTC. Every year, every single BTC that will ever exist gains 5 toz of gold of rarity. This halving marks the inflection point where BTC inflation (~1.7% now) fails well below gold inflation, at all future points BTC will only ever be a better and better fixed unit of account. Bitcoin is an inevitability.

>currency
BTC is Money (unit of account), not currency (transactional media), it doesn't need to scale, it doesn't need to be used transactionally. All of global finance will be Bitcoin's L2.

Core to Money is the store of value, but of course you can't actually store value. So how does money accomplish this function? By being a difficult thing. If I only trade my goods and labor for something I know is difficult to produce/procure, I stand a good chance of being able to trade that thing for roughly what I paid for that thing in goods/labor. I am storing the value dispersed within the economy. It should be obvious that while any difficult thing can be money, only some will be well suited and very importantly, have the network effect, to develop significant monetary value (premium over it's difficulty cost). Bitcoin is simply better Money than what we're had available, gold & equities (Equity Premium "Puzzle" is the product of partial monetization of equities post-gold standard). Network effect guarantees BTC will be The Money as it's the oldest, most compute intensive, and largest. BTC will continue to grow because economic calculation is enhanced by having a good Money (price carries information, fixed unit of account reduces variables, increasing effectively by deceasing the necessary iterations to arrive at fair market price) and a good Money needs a large capitalization.

This halving will be the beginning of hyperbitcoinization, as it marks the inflection point where BTC's inflation rate permanently falls well below that of gold's mining inflation (2%). BTC will stand alone as the hardest Money, at all points after this halving BTC will only ever be a better and better fixed unit of account.
>but it doesn't do anything!
Neither does gold, neither does the 3x (monetary) premium AAPL carries over it's rational value. Something will be used to store value, BTC fulfills this function better than the alternatives.

getting ready for lift-off frens