1BznocN5GBZAtwoNovvDtP2mFnrzyvhTUP
Hmm. So i agree with daniel that the primary usecase of money is savings but i dont really get why he excludes spending as a usecase. I would rather describe spending as the last stage of using money, but still count it as using.
"An increase in merchant acceptance, ceteris paribus, does not increase the value of the coin. Therefore, an increase in merchant acceptance does not increase the value of the coin."
I think this is the fundamental confusion.
the reason is that the last stage meaning spending still matters in terms of quality and user experience. the higher the quality the more reason you have to use that money as savings.
the reason is that the last stage meaning spending still matters in terms of quality and user experience. the higher the quality the more reason you have to use that money as savings.
For example if i could spend bitcoin as easily as dollars, why even hold any dollars at all? i could fully transition to using bitcoin from start (savings) to finish(spending)
Mempool mined 125MB block today. (block nr. 635620) Noice!
trilema.com/category/bitcoin/
Thanks @931 @4179 @109 and @24 for making this a great discussion.
We laughed, we cried, we fought, and we imagined.
YouTube The Emperor of Bitcoin on Why He Thinks BSV Will Win, and Why BTC Lacks Imagination The Numpties discuss bitcoin with Daniel Krawisz.We start with the Austrian understanding of money, why Bitcoin fulfills the regression theorem, why big bloc... We will see Terabyte blocks before the next halving.
The worst thing that can happen now is for the price of BTC to double. Lazy, useless miners will be rewarded for doing nothing, not giving a fuck about the health and future of bitcoin and just collecting the blockreward and just hoping for price pumps.
very noice
ViaBTC is getting on my nerves with this stupid 999kb blocks.
https://en.m.wikipedia.org/wiki/Narcissism Marx was a narcissist who could trick people into believing that he was a genius, rather like L. Ron Hubbard.
en.m.wikipedia.org Narcissism - Wikipedia Best Roger can do these days is to hold BCH 40 bucks above BSV.
Best Roger can do these days is to hold BCH 40 bucks above BSV.
thx damn he looks chill af
tbh i cannot tell the difference between them all i know is that frogs are master race and above all other beings
