How do you quantify the "value" of BTC then? Right.... but things like equities, real estate, commodities are generally doing something useful because the underlying thing they are trying to "achieve" is useful. Like stocks for example aren't just something to be gambled but provide companies funding. Commodities like metals and oil are part of the global supply chain.
I'm confused. You're telling me real estate prices are priced correctly? If you traded in equities, you would know they are not trading on fundamentals. Unless you think Nvidia is priced correctly.
Yeah, it's all pretty much the same. In fact, I'm in the middle of setting up some shell companies in the Virgin Islands where I can create billions of units of new "value" that is equal to the USD (because trust me bro), and then have that value pumped up by wash trading on some unregulated exchanges, ultimately resulting in me being able to sell my house for 10-100x it's actual value...in RC Cola bucks. But again, 1 USD = 1 RC Cola buck, so no worries there. Shouldn't have any liquidity problems at all when I need to cash that out. Some might think that's a bad idea dealing with so many shady and unregulated entities, but if they can't provide historical evidence for why this is problematic, then I say have at it. Merry Christmas from a very snarky RC.
You are telling me computer coins (probably created by the US govt for all we know) that you are supposed to HODL is not providing any value in the "real" world? shocked. How ironic would it be if BTC was created by the very institutions the BTC fanatics hate?
Sorry ignore what I wrote before. I decided to rip up that attestation and create new one. 1 (snarky) RC Cola Buck = 0.5 Units of Jae'Sean Tate's trade value = 1 Future First Round Pick Hopefully I can get an OKC-esque haul when it comes time to liquidate my stash of RC Cola bucks.
looks like the FED's Inflation to me... on a separate thought, https://www.federalreserve.gov/central-bank-digital-currency.htm
You were going on and on about how Bitcoin isn't immune to inflation, when in reality it is. You seem to have conflated price with inflation, I was simply trying to tell you there is a difference. Just because something went up in value does not mean it has "inflated". You cannot "inflate" BTC, its supply is fixed. Again, storing value is the utility. You don't want money that has a primary function other than being money. That's how you end up with someone owning 100 rental houses and middle class families unable to afford even a basic starter home.
Inflation is an increase in the rate of the price of goods and services. Such a utility for the greatest store of value ever conceived in human history: As far as housing.... we are undersupplied by millions of homes so the issue is physical supply.
In his defense, that's what google will spit out at you. Fiat brain is everywhere and hard to unlearn.
