shutosha on Nostr: The network is the asset . For example #gold wouldn't have any value , if there were ...
The network is the asset . For example #gold wouldn't have any value , if there were no gold traders in every city .. Gold miners , buyers , refiners - all put together create value in #gold . That is what an asset is .. it is the network .
Same with real estate .. land planners , developers , equipment makers, builders , realtors , and buyers .. an entire universe of industry is what creates value of a home or an office space ..
On same lines - #Bitcoin network is the asset.. #sat is the token in this network ..just like a Troy Oz is a token in gold network ..
Bitcoin is the apex asset because the flow of value with in the network is most efficient , production difficulty is same for every participant and so is the acquisition price no matter where you are in the world ..
Money is what is controlled / defined by monetary policy of a nation state or a group of nations .. the purpose of money is to allow exchange of assets .. in that .. each unit is deemed as a carrier of value from one asset to another .. but unit doesn't have any value of its own ... Monetary policy also have additional goals - for example stability of bread basket prices , maximization of employment.. money can be printed as much as required to meet these goals or destroyed as needed .. goes without saying money can be efficient or inefficient.. just like there are bad assets and good assets ..
Before Nixon , money was unnecessarily pegged to gold .. which meant market couldn't have liquidity when needed .. Nixon administration separated the two .. thus unleashing more progress in last fifty years than the entire time of mankind on this planet .. bit exaggeration to make a point :-)
Same with real estate .. land planners , developers , equipment makers, builders , realtors , and buyers .. an entire universe of industry is what creates value of a home or an office space ..
On same lines - #Bitcoin network is the asset.. #sat is the token in this network ..just like a Troy Oz is a token in gold network ..
Bitcoin is the apex asset because the flow of value with in the network is most efficient , production difficulty is same for every participant and so is the acquisition price no matter where you are in the world ..
Money is what is controlled / defined by monetary policy of a nation state or a group of nations .. the purpose of money is to allow exchange of assets .. in that .. each unit is deemed as a carrier of value from one asset to another .. but unit doesn't have any value of its own ... Monetary policy also have additional goals - for example stability of bread basket prices , maximization of employment.. money can be printed as much as required to meet these goals or destroyed as needed .. goes without saying money can be efficient or inefficient.. just like there are bad assets and good assets ..
Before Nixon , money was unnecessarily pegged to gold .. which meant market couldn't have liquidity when needed .. Nixon administration separated the two .. thus unleashing more progress in last fifty years than the entire time of mankind on this planet .. bit exaggeration to make a point :-)