2/ Bitcoin unlocks value via 2 ways: i/ it enables uncensorable transactions ii/ it enables unconfiscable private property Both have never truly existed prior to Bitcoin.
-
-
Show this thread
-
3/ One can argue that the term “investment” should be reserved for productive assets like stocks. Or that "investment" can be used to describe anything that has a positive rate of return. Frankly, it doesn’t matter. It’s nitpicking over semantics.
Show this thread -
4/ I do agree with JP’s point that sound money *by itself* does not produce value. Sound money needs to be coupled with productive assets to move society forward. One can think of sound money as the oil that greases the economic engine.https://twitter.com/hugohanoi/status/1021918438678122496 …
Show this thread -
5/ In the absence of sound money, the global economy would still work, albeit not at its best. Sound money reduces economic friction, solves coordination problem and unlock efficiencies. Again, social scalability.
Show this thread -
6/ Speculation will happen with any new asset class. It is a natural part of the technology adoption curve. However, just because speculation exists does not mean Bitcoin is zero-sum. Characterizing Bitcoin as zero-sum misses the point.
Show this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

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.