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
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Replying to @MustStopMurad
Doesn’t more trading (and hence liquidity) increase the value, as opposed to constricting supply? Or is the analog gold-standard reserve currency? Honest question to learn.
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Replying to @mattkaness
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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Replying to @MustStopMurad
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.
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