A simplified way to look at the complex concept of stores of value (i.e. money):
Gold - every star in the universe can print units.
Real estate - every active volcano can print units.
Bonds - every government treasury can print units.
Stocks - every company can print units.
Fiat currencies - every central bank and regulated banks can print units.
Cryptocurrencies - every person on earth can print units.
Bitcoin - nobody and nothing can print units
The key takeaways:
- Bitcoin is unlike anything that has ever existed in recorded history. It is a discovery, not an invention.
- Assets that are not Bitcoin will always continue to print new units, and even moreso if it becomes valuable to those in control to do so, which devalues all existing units. This means that everything else will trend to zero when valued against Bitcoin, forever. It is a black hole.
- "Crypto" is not Bitcoin, and is potentially something even more insidious than fiat currencies. Beware.
JimmyGT / Dark⚡Jimmy
npub1nl…d523q
2023-11-19 19:26:32
Author Public Key
npub1nlxtf20cy37gc58vn8wp3hhgetqlkdxf93mz5punxavkgnz4n5yqqd523qSeen on
wss://nos.lolPublished at
2023-11-19 19:26:32Event JSON
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"content": "A simplified way to look at the complex concept of stores of value (i.e. money):\n\nGold - every star in the universe can print units. \n\nReal estate - every active volcano can print units. \n\nBonds - every government treasury can print units. \n\nStocks - every company can print units. \n\nFiat currencies - every central bank and regulated banks can print units.\n\nCryptocurrencies - every person on earth can print units. \n\nBitcoin - nobody and nothing can print units \n\nThe key takeaways:\n\n- Bitcoin is unlike anything that has ever existed in recorded history. It is a discovery, not an invention. \n- Assets that are not Bitcoin will always continue to print new units, and even moreso if it becomes valuable to those in control to do so, which devalues all existing units. This means that everything else will trend to zero when valued against Bitcoin, forever. It is a black hole. \n- \"Crypto\" is not Bitcoin, and is potentially something even more insidious than fiat currencies. Beware.",
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}