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HbdNrx's profile
🐸 hbd nrx 🐸
🐸 hbd nrx 🐸
 🐸 hbd nrx  🐸
@HbdNrx

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 🐸 hbd nrx  🐸

@HbdNrx

Free speech activist. Darwinian reactionary. Gnon partisan. Frogs = implicit white identity. #humanbiodiversity

Moscow, ID
Joined August 2014

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    1.  🐸 hbd nrx  🐸‏ @HbdNrx 28 Nov 2017

      Apparently the bitcoin market cap is over $167B. If this bubble continues as it seems likely to, it could easily go above $1T. Your barber will be asking how to get in on it. It will be a bubble of historic proportions. The following crash is going to be breathtaking.

      5 replies 7 retweets 20 likes
      Show this thread
       🐸 hbd nrx  🐸‏ @HbdNrx 28 Nov 2017

      This all works so well because nobody has any clue what it's actually worth. People think it has value because the technology obscures its worthlessness.

      5:25 PM - 28 Nov 2017
      • 1 Retweet
      • 10 Likes
      • F-14 Thotcat 🦇 ice9 Evander Spider58x tantum LoneWanderer ♔🇭🇷
      3 replies 1 retweet 10 likes
        1. New conversation
        2. ɹʞɔɟɯ 🥩 🏴‏ @mfckr_ 28 Nov 2017
          Replying to @HbdNrx

          It's worth whatever people are willing to exchange in value for it.

          2 replies 0 retweets 2 likes
        3.  🐸 hbd nrx  🐸‏ @HbdNrx 28 Nov 2017
          Replying to @mfckr_

          Eventually people will come to their senses.

          1 reply 0 retweets 0 likes
        4. ɹʞɔɟɯ 🥩 🏴‏ @mfckr_ 28 Nov 2017
          Replying to @HbdNrx

          What do you think is so senseless about this development?

          1 reply 0 retweets 2 likes
        5.  🐸 hbd nrx  🐸‏ @HbdNrx 28 Nov 2017
          Replying to @mfckr_

          No intrinsic value + infinitely replicable

          2 replies 0 retweets 0 likes
        6. ɹʞɔɟɯ 🥩 🏴‏ @mfckr_ 28 Nov 2017
          Replying to @HbdNrx

          Nothing has intrinsic value—there is only intersubjective consensual value (i.e., stuff is worth whatever people are willing to pay for it). And ₿ isn't infinitely replicable when supply is capped at 21M.

          1 reply 0 retweets 1 like
        7.  🐸 hbd nrx  🐸‏ @HbdNrx 28 Nov 2017
          Replying to @mfckr_

          Bitcoin 2, bitcoin 3, bitcoin 4, etherium, etc etc etc

          2 replies 0 retweets 0 likes
        8.  🐸 hbd nrx  🐸‏ @HbdNrx 28 Nov 2017
          Replying to @HbdNrx @mfckr_

          Food has intrinsic value because it keeps me alive

          1 reply 0 retweets 1 like
        9. ɹʞɔɟɯ 🥩 🏴‏ @mfckr_ 28 Nov 2017
          Replying to @HbdNrx

          It can have practical value to you, as you rightly understand that sustenance is necessary for continued life. But it's by no means intrinsic.

          0 replies 0 retweets 0 likes
        10. End of conversation
        1. New conversation
        2. Evander‏ @Hereditarian98 28 Nov 2017
          Replying to @HbdNrx

          https://en.m.wikipedia.org/wiki/Paradox_of_value …

          1 reply 0 retweets 1 like
        3. ice9‏ @__ice9 28 Nov 2017
          Replying to @Hereditarian98 @HbdNrx

          Once market access+participation stabilize, I expect cryptocurrencies overall to trade similarly to precious metals (but with a nonzero risk of going to zero, whereas no such metal can). For both: price = amt of capital investors allocate / supply. Bubbles and panics forever.pic.twitter.com/zOLMaIElFo

          3 replies 1 retweet 5 likes
        4. ice9‏ @__ice9 28 Nov 2017
          Replying to @__ice9 @Hereditarian98 @HbdNrx

          The long-term price appreciation in cryptocurrencies to date has been driven by increasing adoption, because they succeeded in catching on to serve some useful economic purpose as a medium of exchange, and because they succeeded in catching on as a speculative asset like metals.

          1 reply 1 retweet 2 likes
        5. ice9‏ @__ice9 28 Nov 2017
          Replying to @__ice9 @Hereditarian98 @HbdNrx

          These outcomes were not pre-ordained, and though they definitely seemed likely, the proportional level of market penetration at which a plateau in user base might occur has remained unclear historically and still does.

          0 replies 1 retweet 2 likes
        6. End of conversation
        1. tantum‏ @QuasLacrimas 28 Nov 2017
          Replying to @HbdNrx

          there were bubbles even before the trivial asset was technological btw marketcap in something like bitcoin isn't rly that informative because you can't replace it (think tobin's q, if u know that idea)

          0 replies 0 retweets 2 likes
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