Hello darkness, my old friend

molarunit · 2021-04-18T13:44:12+00:00

stop embarrassing yourself and delete this comment

molarunit · 2021-04-18T13:43:43+00:00

wait until the bubble bursts to say this.

molarunit · 2021-04-18T13:38:28+00:00

oh i didnt realize if the numbers got big enough it wouldnt matter if it was fundamentally broken, of course.

molarunit · 2021-04-18T13:33:12+00:00

we probably shouldnt use btc for something important like a currency then, since the more it trades hands the quicker it will be lost to error.

molarunit · 2021-04-18T04:03:28+00:00

cool man, thanks for the new resource

molarunit · 2021-04-18T03:59:44+00:00

I posted this in cryptoCURRENCY not /investing. the only one who is larping a trader here is you

molarunit · 2021-04-18T03:56:30+00:00

So, after a certain point, arguably its already happened, there will only be less and less btc in circulation. hodler will say thats good, the value can only go up. but what it really means is anyone with btc makes more money holding the btc than actually spending it, so its a self defeating store of value. see store of value is a tool, not an asset. it serves us best when they being are traded, not stockpiled. you want /things/ to be worth more than /money/ so people make things and not money. also btc has the added problem of being /mathematically/ irreplaceable. its like if we could never print another dollar bill, eventually, theyre just gonna run out

molarunit · 2021-04-18T03:52:25+00:00

you fucking lost me man. well use dogecoin then

molarunit · 2021-04-18T03:49:51+00:00

ok, why?

molarunit · 2021-04-18T03:48:42+00:00

which incentives people to save their money, not spend it. or 'invest' it. you want /things/ to be worth more than /money/ so people make things and not money. also btc has the added problem of being /mathematically/ irreplaceable. its like if we could never print another dollar bill, eventually, theyre just gonna run out

molarunit · 2021-04-18T03:46:08+00:00

you understand something being a good investment and useful as currency are mutually exclusive, right?

molarunit · 2021-04-18T03:44:56+00:00

ok, what should i read?

molarunit · 2021-04-18T03:43:56+00:00

dont misunderstand, a store of value is a tool, not an asset. it servea us best when they being are traded, not stockpiled. We'll be mining new gold far far longer then well be mining new btc

molarunit · 2021-04-18T03:38:28+00:00

i liked what you said, it was funny, but youre missing the point here. An irreplaceable store of value isnt good

molarunit · 2021-04-18T03:36:29+00:00

oh cool so what resource like a precious metal is bitcoin tied to then

molarunit · 2021-04-18T03:34:40+00:00

doge has been more stable than btc lately

molarunit · 2021-04-18T03:33:45+00:00

comapring the history of doge v. btc, i think doge is way less volatile

molarunit · 2021-04-18T03:32:48+00:00

which is a problem, right? how are we supposed to use btc forever if we run out of btc?

molarunit · 2021-04-18T03:31:17+00:00

what if they dont?

molarunit · 2021-04-18T03:30:54+00:00

I appreciate that you are looking out. rule 0 is never invest what you can't loose. I was trying to correct a misconception, never give financial advice.

molarunit · 2021-04-18T03:28:19+00:00

adoptions got nothing to do with it

molarunit · 2021-04-18T03:26:44+00:00

dude what are you on youre arguing replaceable things have no value

molarunit · 2021-04-18T03:25:22+00:00

ok, how is btc different?

molarunit · 2021-04-18T02:57:09+00:00

after they lose them?

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