/biz/ - Business & Finance

>>58414235
Functional demand is DETRIMENTAL to a Money (store of value), price is a product of aggregate demand, a money having functional use means part of the price (proportional to it's functional demand) will be from functional demand, forcing buyers of Store of Value to pay a functional premium and subjecting them to the risk the functional demand will fall, causing real terms fall in money value independent of demand for Store of Value. This can be seen in platinum, while it's physical properties make it a strong money on paper, it's high functional demand renders it unusable as price becomes dominated by functional demand, not Store of Value demand.

Gold is the best natural money precisely because it has little functional demand, less than 10% of annual gold mining production goes towards functional use, BTC improves on this by having no functional use outside of Money (Store of Value).

Store of Value is not new, SoV is omnipresent as it's a vital economic function. Something will be used as a SoV, and that thing will develop SoV value, value as a SoV, supported by demand for SoV. A Store of Value stores value dispersed within the economy by being something that meets the demand for SoV. If I buy something with good SoV properties and high network effect it will have SoV demand in the future and therefore hold real terms value.

Bitcon is the world's first fixed unit of account, trustless, stateless, transparent, can be securely self-custodied. A quantum leap in stores of value.
>so why isn't it already a billion trillion dollars?
Network effect. Capitalization. That's all that's left, and its network of use as a SoV grows each day.

Network effect is a positive feedback loop in a SoV as buyers of SoV want the SoV that others use, it's already passed the point of no return, this halving marks the inflection point where BTC inflation (1.7% now) falls well below gold's mining inflation (2%), at all future points BTC will only ever be a better and better SoV, there are no brakes on this train.

>>58402240
Those are ROOKIE numbers kid. You gotta pump those numbers UP. Long 300% of everything!

>>58269677
Store of Value is not new, SoV is omnipresent as it's a vital economic function. Something will be used as a SoV, and that thing will develop SoV value, value as a SoV, supported by demand for SoV. A Store of Value stores value dispersed within the economy by being something that meets the demand for SoV. If I buy something with good SoV properties and high network effect it will have SoV demand in the future and therefore hold real terms value.

Bitcon is the world's first fixed unit of account, trustless, stateless, transparent, can be securely self-custodied. A quantum leap in stores of value.
>so why isn't it already a billion trillion dollars?
Network effect. Capitalization. That's all that's left, and its network of use as a SoV grows each day.

Network effect is a positive feedback loop in a SoV as buyers of SoV want the SoV that others use, it's already passed the point of no return, this halving marks the inflection point where BTC inflation (1.7% now) falls well below gold's mining inflation (2%), at all future points BTC will only ever be a better and better SoV, there are no brakes on this train.

Store of Value is not new, SoV is omnipresent as it's a vital economic function. Something will be used as a SoV, and that thing will develop SoV value, value as a SoV, supported by demand for SoV. A Store of Value stores value dispersed within the economy by being something that meets the demand for SoV. If I buy something with good SoV properties and high network effect it will have SoV demand in the future and therefore hold real terms value.

Bitcon is the world's first fixed unit of account, trustless, stateless, transparent, can be securely self-custodied. A quantum leap in stores of value.
>so why isn't it already a billion trillion dollars?
Network effect. Capitalization. That's all that's left, and its network of use as a SoV grows each day.

Network effect is a positive feedback loop in a SoV as buyers of SoV want the SoV that others use, it's already passed the point of no return, this halving marks the inflection point where BTC inflation (1.7% now) falls well below gold's mining inflation (2%), at all future points BTC will only ever be a better and better SoV, there are no brakes on this train.

>>58191437
Functional demand is DETRIMENTAL to a Money (store of value), price is a product of aggregate demand, a money having functional use means part of the price (proportional to it's functional demand) will be from functional demand, forcing buyers of Store of Value to pay a functional premium and subjecting them to the risk the functional demand will fall, causing real terms fall in money value independent of demand for Store of Value. This can be seen in platinum, while its scarcity and physical properties make it a strong money on paper, it's high functional demand renders it unusable as price becomes dominated by functional demand, not Store of Value demand.

Gold is the best natural money precisely because it has little functional demand, less than 10% of annual gold mining production goes towards functional use, BTC improves on this by having no functional use outside of Money (Store of Value).

Store of Value is not new, SoV is omnipresent as it's a vital economic function. Something will be used as a SoV, and that thing will develop SoV value, value as a SoV, supported by demand for SoV. A Store of Value stores value dispersed within the economy by being something that meets the demand for SoV. If I buy something with good SoV properties and high network effect it will have SoV demand in the future and therefore hold real terms value.

Bitcon is the world's first fixed unit of account, trustless, stateless, transparent, can be securely self-custodied. A quantum leap in stores of value.
>so why isn't it already a billion trillion dollars?
Network effect. Capitalization. That's all that's left, and its network of use as a SoV grows each day.

Network effect is a positive feedback loop in a SoV as buyers of SoV want the SoV that others use, it's already passed the point of no return, this halving marks the inflection point where BTC inflation (1.7% now) falls well below gold's mining inflation (2%), at all future points BTC will only ever be a better and better SoV, there are no brakes on this train.

>>58123499
No, it's a fixed unit of account versus gold with infinite practical supply and 2% mining inflation (that's a 3x in supply every 56 years, a 7x every century). Broad market exposure is closer analog to BTC, but using equities as a Store of Value is systemically inefficient as companies can pull capital from the market, effectively being subsidized by SoV buyers. BTC fixes this, providing a pure fixed unit of account to use as a SoV.

>>58100904
Dullard. "A purely peer-to-peer version of electronic cash", Ecash was centralized, Bitcoin is entirely peer-to-peer. It is not a statement of intent, it is a functional description.
Further, intent has no value, the only thing that matters is whether BTC can be used for some function, if that function is Store of Value than that will be it's function.

I survived the March 18-20 bear market

In 10 years time i am going to think of times like this thread and think to my self, wow what a bunch of fucking retards.

Never sell only buy.

>>58043073
Store of Value is not new, SoV is omnipresent as it's a vital economic function. Something will be used as a SoV, and that thing will develop SoV value, value as a SoV, supported by demand for SoV. Bitcon is the world's first fixed unit of account, trustless, stateless, transparent, can be securely self-custodied. A quantum leap in stores of value.
>so why isn't it already a billion trillion dollars?
Network effect. Capitalization. That's all that's left, and its network of use as a SoV grows each day.

Network effect is a positive feedback loop in a SoV as buyers of SoV want the SoV that others use, it's already passed the point of no return, this halving marks the inflection point where BTC inflation (1.7% now) falls well below gold's mining inflation (2%), at all future points BTC will only ever be a better and better fixed unit of account, there are no brakes on this train.

>>58038051
Stay poor no coiner. I buy all year round, cope.

Yes. Bitcoin is the world's first fixed unit of account, it will outcompete other stores of value in-the-limit as it better meets the demand for SoV.

Dull little statist slavemind. BTC's systemic economic function (store of value) is not new, BTC is just better at it, fixed in supply, stateless, trustless, transparent ledger etc etc. Compared to gold, with it's infinite supply and 2% inflation, or equities with their enterprise risk and unlimited supply, bitcoin is unmatched.

Zoom out. Stop obsessing over noise.

The value of a Store of Value is derived from demand for Store of Value. SoV stores value dispersed within the economy by being something that meets the demand for SoV. If I buy something with good SoV properties and high network effect it will have SoV demand in the future and therefore hold real terms value.

Bitcon is the world's first fixed unit of account, trustless, stateless, transparent, can be securely self-custodied. A quantum leap in stores of value.
>so why isn't it already a billion trillion dollars?
Network effect. Capitalization. That's all that's left, and its network of use as a SoV grows each day.

Network effect is a positive feedback loop in a SoV as buyers of SoV want the SoV that others use, it's already passed the point of no return, this halving marks the inflection point where BTC inflation (1.7% now) falls well below gold's mining inflation (2%), at all future points BTC will only ever be a better and better fixed unit of account, there are no brakes on this train.

>>58012119
who cares i buy btc no matter what the chart is doing. Cobra hodl!

Median of Exchange is a trivial use of money as transactional use carries little term risk, see: fiat value over time versus gold, BTC, equities. The chunky part of Money is the Store of Value, Unit of Account demand, as these demands can't be met by anything but an abstraction like money.

I'm not taking out a jew mortgage to buy a boomer bag like Dave Ramsey says in Baby Steps.
I REFUSE TO PAY INTEREST
I REFUSE TO PAY PROPERTY TAX
I REFUSE TO PAY HOA FEES
I REFUSE TO PAY MAINTENANCE
I REFUSE TO PAY A REALTOR WHEN I SELL
We're in the Satoshi Century gramps. With Bitcoin I can own digital property and not be subject to any of the bullshit stated above.

Guess I'll just never sell.

>>57951354
Median of Exchange is a trivial use of money as transactional use carries little term risk, see: fiat value versus gold, BTC, equities. The chunky part of Money is the Store of Value, Unit of Account demand, as these demands can't be met by anything but an abstraction like money. BTC is a quantum leap in these properties of money, fixed in supply, stateless, trustless, transparent ledger etc etc. Compared to gold, with it's infinite supply and 2% inflation, or equities with their enterprise risk and unlimited supply, bitcoin is unmatched

>>57953916
Functional demand is DETRIMENTAL to a Money (store of value), price is a product of aggregate demand, a money having functional use means part of the price (proportional to it's functional demand) will be from functional demand, forcing buyers of Store of Value to pay a functional premium and subjecting them to the risk the functional demand will fall, causing real terms fall in money value independent of demand for Store of Value. This can be seen in platinum, while it's physical properties make it a strong money on paper, it's high functional demand renders it unusable as price becomes dominated by functional demand, not Store of Value demand.

Gold is the best natural money precisely because it has little functional demand, less than 10% of annual gold mining production goes towards functional use, BTC improves on this by having no functional use outside of Money (Store of Value).

>>57945862
Dull little statist slavemind. Before BTC fixed units of account did not exist, now they do, banning BTC does not remove this knowledge. Second, BTC's systemic economic function (store of value) is not new, BTC is just better at it, banning it does not yield any boon, only less efficient economic calculation.