Bitcoin makes the stock market irrelevant. Most people buy stocks purely as a SoV, practically none will outcompete bitcoin.
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Replying to @SGBarbour
This is like saying Bitcoin will make Apartment buildings die. It won’t :) Bitcoin’s target for the next 10 years is to “suck value” from 3rd world fiat and monetary metals.
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Replying to @MustStopMurad
This is a bad comparison IMO, apartments provide utility directly related to survival. The only utility a share in a company gives is SoV, of which bitcoin provides more.
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Replying to @SGBarbour
Shares of companies can produce dividends, i.e. income streams.
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Replying to @MustStopMurad
Will these dividends provide an ROI that outpaces an investment in BTC?
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Replying to @SGBarbour @MustStopMurad
Not until after a hyperbitcoinization-style event.
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Replying to @BenHakes @SGBarbour
Can you describe your loose vision for how hyperbitcoinization can actually sequentially come about?
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Replying to @MustStopMurad @SGBarbour
I think it starts when more and more businesses are asked to backtest their performance compared to a ‘risk-free’ investment in bitcoin.
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Investor: “Why wouldn’t we just invest in Bitcoin?”
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Hyperbitcoin is essentially a humanity-level software migration. Price signals represent the information system of the economy. Once tipping point of people use BTC as defacto price signal mechanism, HB has probably begun.
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I agree and believe in the vision 100.00% Just trying to gauge your vision for the rough sequence of events that lead to it
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