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BoomTown
npub1h4lr...2jcm
scarcity requires trade-offs.
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BoomTown 7 months ago
What’s the 70-year inflation rate on bricks?
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BoomTown 7 months ago
164,362.5 newly issued bitcoin per year.
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BoomTown 7 months ago
OVERPLAYED: the concept of “diminishing returns” in bitcoin price appreciation When capital allocators, working on behalf of thousands or millions of people start buying bitcoin, the effect will be greater in magnitude and velocity than individuals buying bitcoin in retail markets. Short term supply is trending down…tick tock.
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BoomTown 7 months ago
The class of 2021 hasn’t been rewarded for our hodling through the longest bear market in Bitcoin’s history.
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BoomTown 7 months ago
Absolute scarcity, I hardly knew thee.
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BoomTown 7 months ago
How humbling it must be to be a fiat billionaire, recognize Bitcoin for what it is, and not be able to control the price action. Unless you’re Trump and Lutnick…then you fucking control it. What the fuck are you doing? Puhmp it.
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BoomTown 7 months ago
Bitcoin replaces the Federal Reserve.
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BoomTown 7 months ago
“Bitcoin sets the cost of capital!” “Sats flow!” Only if NGU. Storer of value? Medium of exchange? Unit of account? Only if NGU. Perhaps all the rich bitcoin OGs should return to their roots and remember that there is an entire generation of bitcoiners who have been in - some all-in - for 4+ years and all we have is a stupid “bitcoin $100k” hat. Absolute scarcity needs to do its thing. The fact that it hasn’t yet shows that while bitcoin influencers circle jerk with podcasts and venture capital firms, the credibility of bitcoin as money is being interfered with by Coinbase, binance, and the like.