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That's just the monetary maximalism argument. If you desire to understand why many believe bitcoin will be said winner, it's the monetary properties of bitcoin (credible limited supply, liquidity, antifragility, decentralization, censorship- and seizure-resistance, etc)pic.twitter.com/PlzLxSQUl0
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Sound means sound in principle, market-chosen money. Bitcoin is arguably undergoing monetization in real-time globally, historically unprecedented. To understand bitcoin, consider the failing of gold as money due to its physical locality requiring centralization in vaults.pic.twitter.com/f7piE91xn8
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Yes, and in about 99 days it will drop to about 1.8%, lower than gold.pic.twitter.com/oHauc1Rnhr
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We've eliminated that pesky silver and gold, who needs shiny metal anyway? Each dollar is redeemable for $1. What's not to understand?pic.twitter.com/XEXhfFHC0h
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CT: "Yeah there's no innovation on bitcoin (pls buy my shitcoin bags)"pic.twitter.com/iULr6No1IT
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"money is not a possession" If you are going to be this obtuse I think we are done here.pic.twitter.com/9KqClBABRA
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Bitcoin is a the first of it's kind scarce digital "thing". People trade and hold it because they find value in doing so. It's a possession. It's a good by definition.pic.twitter.com/d8TfGV2Uec
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"No one will use it as money if it's price keeps changing"pic.twitter.com/4XWyP5OSeM
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Foregoing purchases to take advantage of this phenomenon is natural savings, deffering spending to take advantage of progression of society. But nominally targeted inflation usurps this market phenomenon. Savings rates decline with inflation, debt levels increase.pic.twitter.com/80NhL5Xe6t
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The 1% has never been richer, while most people are working 2 jobs and can't afford health care or emergency expenses. Savings at all time lows. Debt at all time highs. Populism and social unrest rising globally. Everything is fine though.pic.twitter.com/hNRM0uvJhH
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I prefer the Austrian explanation: https://en.wikipedia.org/wiki/Great_Depression#Austrian_School …pic.twitter.com/LLwwVLE2uj
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It's disinflationary now, in 100 years it will be stable in supply. Deflationary pressure of prices is a natural phenomenon due to our ability to improve technology and services and in general decrease costs. Falling prices should be the norm, not the exception.pic.twitter.com/Q2bLzV7DHw
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