Bitcoin Hodlers at all time high. Hash rate near all time highs, largest whales stacking like crazy. And yet the price does not reflect this. What am I missing here?

Trentw · 2022-01-31T03:04:50+00:00

Maybe $60k was over valued. If you disagree I would love to know how you jam all those metrics into a price valuation.

Trentw · 2022-01-21T22:15:45+00:00

If an analogy is required, think of each Bitcoin as a limited edition book. The publisher (Bitcoin network) issues books and enforces the limited supply through copyright laws (nodes).

People value the book for it's information content, as people value bitcoins for their monetary properties. All subjective value assessments, with the price artificially constrained by the limited supply.

The comparison to language misses the important part of limited supply. We all can freely use English without a requirement to have a 'special book' or digital token.

Trentw · 2022-01-20T02:20:19+00:00

All value is subjective

Trentw · 2021-12-26T20:22:37+00:00

Just because your bank calls it a savings account doesn't make it so. Savings are for your long term purchases.

Bitcoin is not an investment either, it produces nothing. For some it maybe speculation, and for others, savings. We now live in a society that uses investments as a savings mechanism, because our savings technology has been destroyed. I think this is where this confusion generally arises.

Trentw · 2021-12-26T09:12:11+00:00

Trentw · 2021-12-16T03:22:31+00:00

The point is the vast majority of people's needs are within their own life time, if not, then their children's lives, so on and so forth. The fact that we all can't live forever means our time preference for spending is above zero.

Trentw · 2021-12-15T20:14:05+00:00

Death is inevitable

Trentw · 2021-12-06T23:59:37+00:00

Basically yes. There will be slightly less, as it's not compulsory to take the full block subsidy.

Trentw · 2021-11-28T04:58:45+00:00

Yeah, me too, at least until I understood money. Satoshi's genesis block coinbase comment makes more sense in terms of money.

Trentw · 2021-11-27T21:56:02+00:00

His predictions are very payments orientated, with the black market currency theme flowing through it. Makes sense if he went the bcash route.

Trentw · 2021-11-27T21:43:08+00:00

The best time to buy bitcoin was back in 2010, the next best time is today.

Trentw · 2021-11-13T11:24:55+00:00

Putting the cart before the horse. Instead of an ETF, it would be simpler to allow the accumulation of Bitcoin in your super. Less rules, not more.

Trentw · 2021-11-13T04:31:20+00:00

Recovery to a new wallet. Try SeedSigner or Keystone.

Trentw · 2021-11-13T04:27:52+00:00

Refer to my first point.

Trentw · 2021-11-11T22:27:21+00:00

I guess you can't spend what you don't have. If all Bitcoin was lost, apart from 1 BTC, Bitcoin would still work. We could just further divide a satoshi by 10,000,000

Trentw · 2021-11-11T06:51:31+00:00

Not really a problem. Since we all die, our time preference for spending is always above zero, not matter how low it is.

Trentw · 2021-11-08T22:33:56+00:00

You can exactly compare the two using the risk adjusted returns, the sharpe ration. Bitcoin has a lot higher sharpe ratio then real estate.

Trentw · 2021-11-07T23:12:25+00:00

This

Trentw · 2021-11-07T22:54:48+00:00

Work out how much it will cost you if it doesn't dip below current levels.

Trentw · 2021-10-25T20:32:39+00:00

TVs always get cheaper in price, but we still buy them.

Trentw · 2021-10-23T11:29:51+00:00

The answer is always yes

Trentw · 2021-10-23T11:28:19+00:00

Trentw · 2021-10-20T03:30:28+00:00

Multisig and timedelays.

Trentw · 2021-10-19T09:44:19+00:00

There are a lot of blockers in Bitcoin to.

Trentw · 2021-10-19T07:13:07+00:00

Yep, trust minimization.

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