1CtfHj…zVrZ

I've been thinking a bit on this and want to pester @24 more while hopefully not getting trolltolled. Harry Potter fights trolls, not throws fellow students to them!

Ok, so I am not sure this focal point is the main deciding factor in the context.

In other words, BTC could hypothetically survive a failure of being the most liquid MoE, if its resistance to dilution could stay higher than the unlimited number of later copy cats. Evidence of this is good for now, but over 100 years, who knows.

You even have the stag in common, of all animals Rowling could have picked.

Ok, that's more reasonable. Saleableness is not only monetary properties, but increases with liquidity. One can however question the prioritization of spending scarce time and resources encouraging the adoption of a money already destined for adoption.

Yes, you made the correct altruism argument in the discussion. And if anyone wants to travel the world evangelizing, no one can of course stop that person.

Good discussion. @4179 is confused on many points. In a free market, profit incentives will sort out the adoption of the best money. Evangelizing does nothing, perhaps even act as short term reverse signal that the money must be so bad it needs pitching.

Also, even conceding that evangelizing is to some degree needed. Who is this magical entity called 'we' that is to formulate strategy and sacrifice resources for the sake of strangers (spreading the word is costly)? 'For the greater good' argument.

The analogy is that non-monetary use is more often than not a negative influence on the money. People value good monetary properties above all else. Gold's industrial use is akin to the larin's use as a fish hook - not needed!

Disagree with the 'lying' part as well. People can simply be wrong you know, or lie to themselves about the chances of hyperbitcoinization. But to phrase it a bit as a Big Lie built around luring new money in, that is not happening. Money is difficult.

Me and some of my BTC twitter friends are often correcting people on the silly Hararian notion of social construct or collective illusion. If monetization worked like that, today's XRP army would have us all work for them in their future citadels.

Also, some might agree with your assumption about the focal point, but disagree with your assumption that BTC can't be money (can't scale).

No, that is a too shallow analysis of how many in BTC think. Why can't it rather be that they simply disagree with your assumption that focal point of being digital money is the only thing that enables differentiation of alts? Other focal points at work!

Also got no likes though!

Some capital is more fungible than other. SHA256 hashing capability is such fungible capital. A miner's incentive by having 'skin in he game' is only trustworthy if other employment opportunities of its capital are lacking.

5.) I think this well portrays the strong determinism involved of the 'cheapest' MoE emerging as money. This minimization of costs is strongly tied to tx costs, but also to costs incurred on the holder over time. Glass beads were cheap to transact with!

'Fä' is still used in Scandinavia today. It means livestock. The creatures were money there as well a long time ago.

3.) Why is this relevant for bitcoiners? It is just one of many examples of how money emerges out of saleableness considerations, not wishful thinking. As the Greeks clustered into cities, the storage costs of their livestock money became high.

2.) A Greek bribed into silence was said to “have an ox on his tongue”, in Homeric writings. The Odyssey has references to livestock payments. English also reveals some links: the word "fee" from Old Germanic "fehu", meant livestock.

4.) Individuals not adapting to the newer metallic money likely paid a higher total cost for their future economic exchanges. The storage- and indivisibility costs suddenly hurt more than the costs of, for example, metallic dilution and deterioration.

*branch, damn it.

Also, when you go to a reply in a bransch, then go back again, it would be nice to land on the same hight of the bransch from where you entered.

Twetch is great so far. Here are two things I miss so far, though:

• Creating the whole thread before posting it all.
• Filter replies under Notifications. Now some replies are easily missed among all the likes or branches.

That would be rather funny. I see a tendency of this already in BTC.

Yeah, that must be it!

Damn you to hell!