HanShan on Nostr: > Perceived value is social in nature and not based on objective criteria simply put ...
> Perceived value is social in nature and not based on objective criteria
simply put 👍
so our "serious people" might opt for gold not only because of the social and temporal factors,
but also because a solid gold asteroid is about as likely as 51% attack on Bitcoin.
or if I may reinterpret what you said,
"serious people" ALSO weigh the fundamentals of an asset when assessing risk (not just the social factors and perceived reliability of the asset)
but although strong fundamentals and increased purchasing power over time may be correlated
and they obviously have been
the "serious person" also weighs externalities that may effect the asset (like social factors, regulatory conditions, track record etc)
but to sum up
"Bitcoin is inevitable" people
are not "serious people" 😂
simply put 👍
so our "serious people" might opt for gold not only because of the social and temporal factors,
but also because a solid gold asteroid is about as likely as 51% attack on Bitcoin.
or if I may reinterpret what you said,
"serious people" ALSO weigh the fundamentals of an asset when assessing risk (not just the social factors and perceived reliability of the asset)
but although strong fundamentals and increased purchasing power over time may be correlated
and they obviously have been
the "serious person" also weighs externalities that may effect the asset (like social factors, regulatory conditions, track record etc)
but to sum up
"Bitcoin is inevitable" people
are not "serious people" 😂