3/ …and less due to the people’s buying in to the vision of Bitcoin. The market of people who could be convinced of BTC would have already been saturated. The ideological conviction that’s required to bootstrap BTC will matter less at that point.https://twitter.com/hugohanoi/status/1021133723423584256 …
Does this make any sense at all or am I crazy?
@real_vijay @nic__carter @TuurDemeester @BMBernstein
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Are people who hodl from $20k down to $8k free-riding or free-falling? What is the timeframe of a free-ride?
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i/ peaked adoption & a mature Bitcoin market, not now ii/ ignoring short-term volatility
End of conversation
New conversation -
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I think you're crazy but is the only way to think about a huge change in the value relationships that Bitcoin will incentivize. BTC is the one and only sound money.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Money is not equity, period.
When you park capital in a non-productive asset, it is OUT of the system completely. Decommissioned.
The non-productive asset value can only rise if it piggybacks on the success of productive assets.