"This is precisely why ETH is doomed for failure." I'll take the otherside of that bet. Make me a market...pic.twitter.com/wj1WanfIlp
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"This is precisely why ETH is doomed for failure." I'll take the otherside of that bet. Make me a market...pic.twitter.com/wj1WanfIlp
ETHBTC will be lower than 0.015 by 2023
bruhhh, gimme a fiat pair...
Also the above inflation isn’t the kind of inflation bitcoiners are talking about. We are talking about money supply inflation and USD is 6.2%
If comping to traditional fiat currencies and markets, shouldn’t we be looking at the end result (inflation) as a result of increase in money supply? That’s what you’re talking about, right?
I’m more concerned with a monetary store of value’s stock-to-flow ratio
Don't millions of people today store their wealth in money led by inflationists?
That’s exactly the problem and what Bitcoin seeks to change in the first place.
I mean, the rational individual will probably always be a minority, or for a long time at least. The world won't have a truly free market, for a long time, because of ppl not being rational. So that's actually a reason to why ETH probably won't fail, no matter how bad it is...
Free markets aren't about "rationality" but about lack of intervention by authorities. recommend Human Action by Mises on this.
I am fully aware of that (as a fan of the writings of both Mises and Murray Rothbard), but my point being, there will be a lot of irrational people not embracing, even fighting, against a free market because they think it's something bad.
I genuinely don’t think it can last. Bitcoin is likely to protect wealth due to disinflation than any other asset in the world. Raw Greed > Morality
Bitcoin is going to be inflationary for the rest of your life. And your children’s life. And maybe even your grandchildren’s life. Never forget that.
99% mined by 2030, inflation becomes less than 0.8% and declining. at that point annual key loss likely > inflation
Your praxeologic assumptions are missing some variables. Revisiting this tweet in 5 years when ETH is much much higher should prove instructive. Watch. Learn.
Yeah let's come back to this. Im pretty confident you're wrong.
Ahh the old pull yourself by your own bootstraps argument. Another person who hasn’t studied psychology....
Read some Austrian economics.
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