/biz/ - Business & Finance

>>53762505

Anon, that worldview is what our intellectually and morally exhausted elite want to confine you within. Control over your identity and your property is what has given The State and the banks their power over your economic activity, your speech, and ultimately your life.

But now I am in control of my identity and my property.

This is the alternative. This is Decentralized Social Identity. THIS is the metaverse.

>>53541140

"Those suppressing the prices of truly valuable assets work against a very basic and primal human instinct: that which tells a person to acquire valuable resources at little relative cost. To purchase that which is under-valued, so it may later be sold at profit. There’s simply not enough wealth in the world to suppress this basic survival instinct at the scale of millions of market participants forever if the asset in question has real value in the real world."

>>53522948 (OP)
>>53522986
>>53522992
>>53523060


BTC and PMs are backed by a universal commodity (energy) in almost the exact same way. 1 BTC is backed by the energy it took to mine it in the same way that one bar of gold embodies the energy it took to extract it from the earth. This is what gives both assets inherent value -- you can transfer the stored energy each asset represents to another party in exchange for their energy (in the form of a product or service). No debt is involved when energy is exchanged for energy. This is what makes them stronger monies than fiat, the exchange of which for goods or services represents a promise to pay based on a promise to pay based on nothing.

ETH has already achieved intrinsic value. ETH is backed by a new commodity we can call "access to (decentralized) computational resources". All market participants using Mainnet need to pay for their computations using ETH, and demand for access to decentralized free markets is thus what gives the asset its real, non-speculative buy-side pressure. Do we expect this source of demand to decrease or increase as time passes?

Price discovery on ETH is price discovery on the value of one's ability to use Mainnet for market activity.

>>53522948
>>53522986
>>53522992
>>53523060


BTC and PMs are backed by a universal commodity (energy) in almost the exact same way. 1 BTC is backed by the energy it took to mine it in the same way that a bar of gold embodies the energy it took to extract it from the earth. This is what gives both assets inherent value -- you can transfer the stored energy each asset represents to another party in exchange for their energy (in the form of a product or service). No debt is involved when energy is exchanged for energy. This is what makes them stronger monies than fiat, the exchange of which for goods or services represents a promise to pay based on a promise to pay based on nothing.

ETH has already achieved intrinsic value. ETH is backed by a new commodity we can call "access to (decentralized) computational resources". All market participants using Mainnet need to pay for their computations using ETH, and thus demand for access to decentralized free markets is thus what gives the asset its real, non-speculative buy-side pressure. Do we expect this demand to decrease or increase as time passes?

Price discovery on ETH is price discovery on the value of one's ability to use Mainnet for market activity.

>>53517326
>>53517395
>>53517396
>>53517408
>>53517412
>>53517868
>>53518118
>>53518386

Question for the room: do you think that serious market participants join us here in the town square? Anonymous, non-algorithmic discussion of financial markets takes place here; we exchange market sentiment with each-other all day.

If you had a large short or long position in an asset, would you assign resources to monitor the public places in which market sentiment is decided? What does market sentiment look like to these observers? Which kinds of posts do you think appear in their reports?

We are speaking in the market now, gentlemen. Our voices comprise the market. We became the market when we gained our digital access to it.

I hammered this into our market's portico the other day:

>>53476977

I think I'll talk about data ownership next. When our access to markets becomes encrypted, we gain sovereignty over our lives.