.@codedlogic has new presentation: "Cryptocurrency Stabilization" https://github.com/rmsams/slides-stablecoin/blob/master/slides.pdf … "#btc is not digital gold"pic.twitter.com/6QY7BGXOwy
@ofnumbers @codedlogic False dichotomy. Gold is a kind of collectible: http://szabo.best.vwh.net/shell.html
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@NickSzabo4@codedlogic don't know think the 2 are mutually exclusive. some users treat gold as collectible; and supply can change w/ demand -
@NickSzabo4@codedlogic in contrast output of#btc supply cannot shift with changes in demand. yet owners largely treat it as collectible
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@NickSzabo4@ofnumbers if you know of a word for collectable object of strictly fixed supply (eg, paintings by Rembrant), I'm all ears. -
@codedlogic@ofnumbers Short phrases work here: "fixed supply" vs. "elastic supply." Collectibles need not have strictly fixed supply. -
@NickSzabo4@codedlogic sure, but we know that Bitcoin's money supply is perfectly inelastic. gold's is not. I think collectible issue is... -
@NickSzabo4@codedlogic ... a different discussion. And i would agree that BTC is treated as a collectible by most participants in aggregate -
@ofnumbers@NickSzabo4@codedlogic collectors item. +1
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@NickSzabo4@ofnumbers gold acquired a monetary dmd pre-industrial revolution when econ growth ~ 0. Comdty money incompatible w high growth.Thanks. Twitter will use this to make your timeline better. UndoUndo
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