The value of money has to do with the ability of people who save with it to respond to new information coming in to the economy. People only bring in new information into the economy of the money that they profit-seek in.
Post by twetch#1832
If Amazon accepted BSV for payments, they would distribute new information to millions or billions of people that BSV is a worthwhile digital currency, and its value and utility would immediate shoot up.
What the chain says
- Block
- 635 510
- Time
- 2020-05-18T22:41:18Z
- Signer
- 17zmPibuXUuDsPnW5B4UVsV9jin35HWWU2
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1832
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
17zmPibuXUuDsPnW5B4UVsV9jin35HWWU2 VerifiedReplies (22)
Profits in bitcoin are new information.
Lots of things are new information.
If Bezos decides digital currency X is a worthy currency for their platform, then the world has new, valuable information.
If Bezos adopted BSV it would have the effect of a massive BSV advertising campaign.
If Bezos profit-sought in BSV it would have a different kind of effect.
true for google as it is for facebook as it is for netflix
It might well pump the coin if Besos did that. I don't think pumping is sustained value though. Of course I don't mind if people want to pump but I'd rather focus on what I think is real value and work with people who are also focusing on that.
You still do not get it @4179 it is a sort of abstract idea, but in fact it makes sense, when people wants to save (collect) they want to exchange whatever they have (it could be time), so by the time everyone wants your bitcoin (u rather use other means)
however the want for bitcoin that everyone has, creates the need to accept it (demand it) so you eventually have to spend your bitcoin, saving is storing time in a way, the more you save the more time you have available to exchange with anyone. re: Amazon.
If Amazon would accept bsv to save it and pay its employees on bsv then it is helping, otherwise it is just dumping bsv to the market to convert to fiat. As @24 says, we do not need masses, they need bsv, we want to give our bsv only to other bitcoiners
That's just straightforwardly incorrect. I suspect some kind of aprioristic reasoning error. If Amazon accepted BSV, it would obviously be a massive win and cause the price and utility to immediately jump up.
And "the masses" can just buy BSV with fiat...
This thread is longer than one page shows. Open a reply to see what follows it.