doesn't have to be controlled by the state you dope- my point is pre-programmed fixed supply doesn't work, period. BTC is expanding at 5%/year right now, why is that not theft?
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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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Bitcoin isn’t a MoE yet either, it’s not even a full SoV yet, but it’s getting closer to being a SoV as it gets bigger, more liquid, more saleable, which it had throughout last 9 yearspic.twitter.com/2uBvAWQRyu
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this chart is wishful thinking - right now the use case is greater fool speculation and even those volumes have been going down all year.
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why are you so short termist? have you only got into bitcoin in late 2017? last 6 months look shit, but if you zoom and and look at the graph since 2010 it looks incredible!
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you’re not thinking on a long enough time horizon. Zoom out!
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first, how do you know that? I think that is just speculation on your part. second, I'm going to speculate there wasn't a lot of alternatives back then (barter?) so the bar was a little lower for gold adoption vs bitcoin today.
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dude there were plenty of alternatives. There were hundreds of other things used as money but there is a reason why the world converged on gold - it was the hardest to inflate.
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since you were why don't you tell me the other currency options they had? i'm pretty sure at first gold was attractive not only because of limited supply (ot her metals were also limited supply) but also low melting point making it easy to divide.
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Throughout history, gold, silver, copper, cowry shells, salt, peppercorns, tea, cigarettes, barley, rai stones, belts, paper were all used as money... they had plenty of choices.
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