Dull.

Bitcoin has no purpose, it is a new thing, a trustless intangible ledger, and can be used for new things.

We can use btc for at least two priceless functions:
1) We can encode the price of money into btc via aggregate demand for “economic unit”, in doing so creating a Trustless Price Signal of Money, i.e. THE economic reference point. This massively increases the efficiency of economic calculation.

2) Trustless intangible Store of Value: Physical goods require active force simply to maintain ownership, trust-based assets require trusted third parties to operate them. Storing abstract economic value in either enables negative sum actors to parasite as NSAs can specialize exclusively in force. With a trustless intangible SoV we can guarantee voluntary exchange in-the-limit as btc can be made prohibitively expensive to seize (multi-sig, Shamir backup) and is infinitely more resistant to seizure by default

Further, while not priceless, BTC will drain abstract economic demand from assets with functional use (gold, land etc) freeing them for productive use.

Physical goods require active force simply to maintain ownership, trust-based assets require trusted third parties (TTPs) to operate them. Storing abstract economic value in either enables negative sum actors (NSAs) to parasite as negative sum actors can specialize exclusively in force, taking physical goods by force and either coercing TTPs, or using force to BECOME the TTP (the origin of State). Positive sum actors had to either reduce their own production to make time for murdering/imprisoning/exiling NSAs, pay extortion to them, or employ positive sum actors specializing in force (police/military), however, as abstract economic value was seizable, there was a constant selection pressure for these “immune cells” to turn malignant.

Hence the cyclic nature of empire/nation growth and decay, positive sum actors build, negative sum actors corrupt and destroy, NSAs are excised & PSAs rebuild from the ashes. As can be seen, PSAs have been at a HUGE disadvantage to NSAs through history, the best “solution” we had come up with pre-BTC was Plato’s Benevolent Philosopher King, a perfectly trustworthy trusted third party, do you have any Benevolent Philosopher Kings lying around? Not a real solution.

But by placing abstract economic value beyond the veil of voluntarity, positive sum actors can reverse the advantage. Satoshi has “fixed the glitch”, NSAs will no longer be able to parasite “so it'll just work itself out naturally”. No force, no confrontation, necessary.

Bitcoin obsolesces coercion, achieving Voluntarism not via an impossible to implement memeshit “non-aggression principle”, but by removing the profitability of force.

Monetary expansion is the mechanism behind oligarchal parasitism, labor is a high monetary impedance asset so inflates slower and less fully than low impedance assets like equities or gold. The wage/productivity divergence starts going parabolic in 1971 for a reason.


1) Price carries information, the core of money is economic signaling.

2) All trust based monies will be corrupted, minor corruptions grant great wealth to the corruptor encouraging further corruption, and will stay corrupted as those in control of money can now rig the tally board.

3) Corruption of money is negative sum. When you corrupt money you don't just "get wealth", you fuck up the signaling creating a far less productive & prosperous whole.

4) Wealth is Power. Money is a claim on resources, wealth grants control over resources. They are not "powerful & wealthy" they have the "power of wealth"

5) If you aren't holding BTC you are short BTC.

6) Corruptors of money will not see the value of fixing money as they benefit from its corruption.

7) BTC is perfect money, a trustless fixed unit of account. As Szabo notes, trusted third parties are a security hole too large to leave open in money. Using someone "real trustworthy" to guard money isn't a fix, the problem is the TTP, if you remove trust from money it can't be corrupted. BTC goes up because it is more useful to positive sum actors as sole denominator, BTC going up benefits all positive sum actors so encourages it's acquisition, creating a positive feedback loop that will drive BTC to sole denominator in-the-limit.

Monetary expansion distorts the price signal of money, causing the superorganism to grow in inefficient negative-sum ways

Yes, monetary expansion is the mechanism behind oligarchal parasitism.

Positive-sum actors are capitalist, negative-sum actors are parasites, simple as.

>>60622882
bitcoin is better than gold and 1/10 the marketcap. WAGMI

>>2908274
>world falls
Slavemind.

Physical goods require active force simply to maintain ownership, trust-based assets require trusted third parties (TTPs) to operate them. Storing abstract economic value in either enables negative sum actors (NSAs) to parasite as negative sum actors can specialize exclusively in force, taking physical goods by force and either coercing TTPs, or using force to BECOME the TTP (the origin of State). Positive sum actors had to either reduce their own production to make time for murdering/imprisoning/exiling NSAs, pay extortion to them, or employ positive sum actors specializing in force (police/military), however, as abstract economic value was seizable, there was a constant selection pressure for these “immune cells” to turn malignant.

Hence the cyclic nature of empire/nation growth and decay, positive sum actors build, negative sum actors corrupt and destroy, NSAs are excised & PSAs rebuild from the ashes. As can be seen, PSAs have been at a HUGE disadvantage to NSAs through history, the best “solution” we had come up with pre-BTC was Plato’s Benevolent Philosopher King, a perfectly trustworthy trusted third party, do you have any Benevolent Philosopher Kings lying around? Not a real solution.

But by placing abstract economic value beyond the veil of voluntarity, positive sum actors can reverse the advantage. Satoshi has “fixed the glitch”, NSAs will no longer be able to parasite “so it'll just work itself out naturally”. No force, no confrontation, necessary.

Bitcoin obsolesces coercion, achieving Voluntarism not via an impossible to implement memeshit “non-aggression principle”, but by removing the profitability of force.

>>60585233
>supposed
Intent has no value, price carries information precisely because it is a mechanical product of supply and demand alone. Bitcoin is a more useful economic unit than gold/land/equites, its perfectly inelastic emission & fixed total supply increases the fidelity of its price signal, and its trustless nature precludes corruption. Belief not needed. Bitcoin goes to ∞ in-the-limit by dint of outcompeting other economic units, this is guaranteed to happen as a high fidelity price signal for money is USEFUL, increasing the efficiency of economic calculation and therein improving the fitness of the superorganism by optimizing the arrangement of economic actors & resources.

BTC is a fixed unit of account, Trustless Money, we can finally measure all by all, there is no way to guarantee more BTC by holding BTC. Hyperbitcoinization has already happened, the world just hasn't realized it yet. There's no need to use BTC as common currency to fix systemic economic calculation, as everything can be measured against BTC, and BTC can only be acquired through voluntary trade, as such we can use the whole of global finance as our L2. The magic of economic solutions is you neither need to believe in them, nor understand why they work, for them to work.

>>60532883
we are talking about the reserve asset of the leading global superpower. we won't see bitcoin dump to 60k while states are establishing reserves and companies are moving their cash reserves into bitcoin. adoption will continue and these dips will accelerate the supply shock.

>>60532913
the S-curve chart looks too unreal, but the difference in retail investors and institutional investors really is that dramatic.

Your complaint lies with fiat not voluntary exchange, slavemind

Because oligarchs are grifters.

You can't sell corn for less than it costs to produce, unless you pay people to grow corn. This is a supply-side subsidy, social spending acts as a supply-side subsidy for labor, if a worker needs $x to exist they CAN'T sell their labor for less than $x, but what happens if we give them food stamps, subsided housing, Medicaid etc? Well now they can sell their labor for less than it costs to produce!

But wait! How were those social programs paid for? Deficit spending? You mean counterfeit money? Exactly. Deficit spending is an expansion of the money supply (simple dilution), it robs ALL income earners and gives to asset holders (as an increase in money supply will naturally inflate assets) THIS is the driving force of the wage/productivity divergence seen since ‘71.

Notice that asset inflation also suppress incomes of white collar workers by tricking them into believing the nominal gains on house value is wealth instead of inflation, why mechanical engineers (really any boomer dominated field) get paid so poorly, $60k seems like a lot if you bought 20/30/40 years ago, but you haven't gotten wealthy, your real terms income has just drilled through the floor.

The entire fiat grift rests on debasement outpacing wage growth, such that real wages fall while assets inflate (parasitic transfer of resources from income earners to oligarchs).