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these are all hard questions that are still unsolved. I know this because I am personally invested in people trying to solve them and its *NOT* easy. Even if it *IS* solved. an inflationary currency will always lose to a fixed-supply one on the free market.
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The latter preserves wealth much better / is a much better Store of Value.
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How so ? it's just lost 65% of it's value since January. That is close to an order of magnitude worse than the USD has ever seen over the same time frame. You're all theory- but this is not borne out in practice.
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Jesus Christ, it’s only 9 years old. It’s still undergoing a process of slow monetization. Gold took millenia to fully monetize. You’re comparing a mature currency with an extremely young one.pic.twitter.com/8Sh6LfA9qe
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Do you think GOLD was stable 9 years after it was first discovered? Of course not!
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No but it wasn't a store of value and likely wasn't a means of transaction either. But most importantly - gold's market cap 9 years after discovered wasn't $200B in 2018 dollars.
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That’s not the point, the point is that Gold wasn’t super stable until full adoption and full monetization as money.
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And also, it *was* a store of value since time immemorial in the form of jewelry and ornaments which are a form of a SoV. And it Was also a Medium of Wealth transfer (infrequent MoE) Recommend Szabo on this: https://nakamotoinstitute.org/shelling-out/
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You pre-program it so it proportionately matches
#transactions - right now BTC transactions have been essentially flat since Feb so no change. Jan to Feb transactions dropped significantly so maybe you remove some coins from the system and this could have supported price also. -
lol why should transactions volumes affect money supply?... that makes no sense
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and also, WHOSE coins are you going to “Delete”? People will be furious if you delete their coins!!!
End of conversation
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