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Joined 5 days ago
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Cake day: March 15th, 2025

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  • See there is a correct answer and you even know it. I really suggest you research more on Bitcoin it is entirely different than all the other crypto and the rest of them I agree are almost entirely scams just to make money. You touched on the network effect being the real value in money. It has value just because enough people decided it has value for facilitating trade. Bitcoin does exactly what you desired in a money the only flaw I see in your logic is thinking that a good money supply adjusts itself based on supply and demand. Different products obviously would do that at different rates so it would have to attempt aggregate demand changes for everything to even attempt to maintain exact price levels. That is obviously impossible, they can not do it with dollars and they can not do it with Bitcoin either.
    What bitcoin does have is an inelastic supply with zero inflation and most importantly no one is in control of it who can change that. Its value in fiat is currently wildly variable on the day to day basis but it is also very early in its network effect. It will stabilize over time. Either way it is off topic enough to this post I don’t need to talk about it anymore. I do suggest reading up on it more though. It is definitely going to take a much bigger chunk out of all the current stores of value over time and, like TCP/IP is the protocol layer of the internet with everything else built out on top of it, there is in my mind a very good chance that BTC ends up the base monetary layer in the future with more layers built on top of it to facilitate more economic purposes. But even without replacing currency the value will continue to rise, even if through nothing more than the network effect of more and more people believing it as time progresses.

    Cheers.




  • Necroscope0@lemm.eetoPeople Twitter@sh.itjust.worksBe kind to your elders
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    6 hours ago

    Except there is a correct answer to the question most people have just never even stopped to consider the question at all. So what is money? What is the inherent value of a dollar bill since that is the complaint anti BTC folks always spout off “it has no inherent value”. So what is the inherent value of a dollar or a euro or any other currency?


  • Necroscope0@lemm.eetoPeople Twitter@sh.itjust.worksBe kind to your elders
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    8 hours ago

    lol That dude has no fucking clue what he is talking about just making shit up about non existent “friends”. Any time someone talks shit about Bitcoin I always ask them what money is. None of them have given me a correct answer yet, most of the people who DO answer correctly already agreed about BTC except those who have never learned details about it, once they do they seem to always get real interested real fast. Either way, not exactly on topic here but damned amusing.


  • Lots of companies have people dedicated to deciding at what point it is cheaper to ignore safety regulations and take the fines associated with their employees dying than it is to follow the safety regulations. Literally whichever makes more money they do it, they give zero shits about you. They will replace you in a heartbeat the MOMENT a machine can do your job for cheaper. It may be five cents a day cheaper and they will drop your ass in a heartbeat and let you starve with not a care in teh world.