>"An item being "one-of-a-kind" (scarce) does not inherently make it valuable if it lacks utility or liquidity..."
Ok. You seem to already understand that comparing the supply of the two alone doesn't necessarily make something valuable because it completely ignores the other factor of value: demand. You can't control demand. Value is subjective.
>"Also, there is a difference between coerced utility (the USD, which you are forced to use for taxes) and voluntary utility (Bitcoin)..."
Not sure where the disagreement is then.
Bitcoin/Monero/gold mining requires work, is open to anyone, and acceptance is voluntary. Sound money.
Fiat inflation requires no work, closed to a centralized group, and acceptance is based on coercion. Not sound money.
>"Sound Money is not solely about having a fixed supply; it is about having a supply that cannot be manipulated by central authorities or protocol....
>"Tail emissions (as found in Monero) introduce a perpetual dilution of the supply introduce a perpetual dilution of the supply, which (regardless of the technical rationale) is a deviation from the absolute scarcity that is a necessary prerequisite for a "hard" asset that can compete with the USD long-term..."
Immediately go on to contradict your first sentence with the second one 😂
You mean a hard asset like gold? The thing with perpetual dilution of supply that has a larger mcap and network effect than Bitcoin? Money for thousands of years?
SaberhagenTheNameless / Saberhagen The Nameless
npub14a…yz6rn
2026-05-25 09:42:05 UTC
in reply to nevent1q…ll0a
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnSeen on
wss://nos.lolPublished at
2026-05-25 09:42:05 UTCEvent JSON
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"content": "\u003e\"An item being \"one-of-a-kind\" (scarce) does not inherently make it valuable if it lacks utility or liquidity...\"\n\nOk. You seem to already understand that comparing the supply of the two alone doesn't necessarily make something valuable because it completely ignores the other factor of value: demand. You can't control demand. Value is subjective.\n\n\u003e\"Also, there is a difference between coerced utility (the USD, which you are forced to use for taxes) and voluntary utility (Bitcoin)...\"\n\nNot sure where the disagreement is then.\n\nBitcoin/Monero/gold mining requires work, is open to anyone, and acceptance is voluntary. Sound money.\n\nFiat inflation requires no work, closed to a centralized group, and acceptance is based on coercion. Not sound money.\n\n\u003e\"Sound Money is not solely about having a fixed supply; it is about having a supply that cannot be manipulated by central authorities or protocol....\n\u003e\"Tail emissions (as found in Monero) introduce a perpetual dilution of the supply introduce a perpetual dilution of the supply, which (regardless of the technical rationale) is a deviation from the absolute scarcity that is a necessary prerequisite for a \"hard\" asset that can compete with the USD long-term...\"\n\nImmediately go on to contradict your first sentence with the second one 😂\n\nYou mean a hard asset like gold? The thing with perpetual dilution of supply that has a larger mcap and network effect than Bitcoin? Money for thousands of years?",
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