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no, it is not.

Happy 40th B.
🥃 here's to the first day of your best year yet; cheers.

Search finished in 322:34, 0 matches found in 100% of a 32-bit space.

Bienvenidos mezcalera.

/pay @6537 $7 for necessities.

Good investigative reporting in this episode. Thanks and regards.

Respect, regards & congratulations.

Welcome aboard Tyler; nice episode.

How are you feeling Maasoome? Less stressed out I hope.
Remind yourself that you are young, strong, creative and smart.
Try to calm your mind by keeping aware of your surroundings.
You'll make it through this and any other challenges life throws your way.

7
https://www.youtube.com/watch?v=upJ2AOpxhZE

I get your point and agree that you identified a significant difference, but in practical terms I don't see it as a fatal flaw in the time-value comparison between gold and bitcoin in terms of Gilder's theory. Incentive dynamics are another similarity imho

Good insight. Depends on your perspective on incentives, namely whether or not they are they causal. If yes, then when gold has value > cost of mining, gold mining will continue. Same with bitcoin, if it has value > cost of mining, people will mine bitcoin

imaginareality

• vision, determination, interconnectedness

Likewise.

Gilder argued for fixed price and variable supply, not sure he pinned it to gold. The fixed rate of one BitCoin block per 10 minutes is similar to how Gilder asserts the amount of gold produced per unit time, i.e., "time-value" of gold remains constant.

Agreed.

I need to read his work as well, because there seems to be a similarity in their approach to the relationship between time and money, though from different angles, which struck me as interesting. Great question and stimulating conversation. Thanks.

I think he's speaking of the total gold brought on to the market per unit of time, not per unit of energy. You are right that it takes less of both to pick up a gold nugget vs. operating a gold mine. He claims the same amount is mined year after year.

Guilder wants a fixed price (in terms of his theory of money = time) while Satoshi fixed cost within that theoretical framework: the energy required to mine BitCoin increases over time, but the same amount is mined per unit of time (1 block per 10 mins)

Gilder mentioned how the time-value of gold has never changed. He said that though it requires exponentially more energy to mine it now, compared to during the gold rush, the same amount of gold is "produced" per unit of time. So, in a sense, they agree...

"before you get the wrong idea,
here's something I got to make clear:
the ex-experts
with their expertise
ain't got no place over here."
--Wildflower
https://www.youtube.com/watch?v=k7tDGiD4HGs

makes sense to me