+- Patrick -- 2d -------------------------------------------------------------------------------------------------[...]+ | | | I have a different vision for where the economics land. I don't think we'll ever see complete tail risk collapse. | | We'll see an adjustment over the adoption period where adoption of the new network is driving the value (where I | | believe we are now) but I don't think this leads to hoard and grow value. | | | | I believe after adoption wave completes and we arrive at the top of the S curve, Bitcoin's price will remain | | cyclically volatile as people move out corn for economic activity and back in as economic activity produces results. | | I think the value of Bitcoin will likely look like what free money should look like with booms and busts constantly | | based on market conditions opposed to what we see now with dollar based fed management. I think that's far more zulm | | (I hope I'm using this right as I had to look it up and might be totally off usage) as the merits of each | | individual's foresight determines the value of their wealth through economic movements. | | | +-- reply --------------------------------------------------------------------------------------------------------- ---+I have a different vision for where the economics land. I don't think we'll ever see complete tail risk collapse. We'll see an adjustment over the adoption period where adoption of the new network is driving the value (where I believe we are now) but I don't think this leads to hoard and grow value. I believe after adoption wave completes and we arrive at the top of the S curve, Bitcoin's price will remain cyclically volatile as people move out corn for economic activity and back in as economic activity produces results. I think the value of Bitcoin will likely look like what free money should look like with booms and busts constantly based on market conditions opposed to what we see now with dollar based fed management. I think that's far more zulm (I hope I'm using this right as I had to look it up and might be totally off usage) as the merits of each individual's foresight determines the value of their wealth through economic movements.
thread · root 461e92f1…a918 · depth 1 · · selected 461e92f1…a918
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root 461e92f1…a918 · depth 1 · · selected 461e92f1…a918
I have a different vision for where the economics land. I don't think we'll ever see complete tail riskcollapse. We'll see an adjustment over the adoption period where adoption of the new network is driving thevalue (where I believe we are now) but I don't think this leads to hoard and grow value.I believe after adoption wave completes and we arrive at the top of the S curve, Bitcoin's price will remaincyclically volatile as people move out corn for economic activity and back in as economic activity producesresults. I think the value of Bitcoin will likely look like what free money should look like with booms andbusts constantly based on market conditions opposed to what we see now with dollar based fed management. I thinkthat's far more zulm (I hope I'm using this right as I had to look it up and might be totally off usage) as themerits of each individual's foresight determines the value of their wealth through economic movements.