Bitcoin is a baby and gold is already dead. Shitcoins, stablecoins included, are just affinity scams, frontrunning the fact that <.001 of the world really understand what Bitcoin really is yet. They're just proof that it's still extremely early. 🌱 Money is work. We've never had such a direct, hard way to transact and coordinate work according to our individual values before. Even gold was a weak, vague proxy with all kinds of technical problems. Fiat grew out of the technical problems of gold. Shitcoins grew out of people not understanding the technical merits of Bitcoin yet. Not the same at all.

Replies (3)

Because I'm taking about the function of money, not markets. Market cap has nothing to do with this. Or assets. Money is the coordination of work and resources according to values. It's not the resources. It's not the values. It's the information system. The red queen will die and we will all forget about market caps and stock portfolios and that whole casino. When money isn't broken anymore.
S!ayer's avatar
S!ayer 2 weeks ago
I think you need to learn more about capital markets and finance
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