Bitcoin is a living being. A digital collective hivemind, a shared superintelligence. The HODL meme is an emergent battlecry from the depths of its collective unconscious to reduce the circulating supply *of itself*, making itself less available, and thus, increase its own worth.pic.twitter.com/OOE6J96xba
More trading doesn’t neccessarily increase value, you can theoretically have high volumes during a price collapse. Assuming no difference in demand, restricted supply means likely higher price. Gold-like analogies more applicable here though imperfect. Early monetization now.
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1/Thank you for the response. Not sure I agree (or more likely understand), but I see the two use cases (payment mechanism, storage of value) as somewhat in conflict...
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Payment mechanism usecase doesn’t accrue much value. Store of Value usecase accrues value to the commodity.
End of conversation
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2/I’d argue public markets have shown historically that liquidity increases value (measured via multiple expansion vs price movement), and history of fiat currency shows stable and scarce supply increases value (via price) over time. How can bitcoin serve both masters?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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