seha on Nostr: thanks agree with gold having divisibility shortcomings. i also wonder if the ...

thanks agree with gold having divisibility shortcomings. i also wonder if the uncertainty of the s2f / scarcity into the future played a factor. we know now what gold and silver’s historical s2f approximately were… we don’t really know how that changes in the future except tail risk of finding some significant amount on earth or elsewhere in the universe. i have to think the certainty introduced by bitcoin’s supply schedule is part of the story and the rest of the monetization is just the natural emergence of an economic good (menger) where we have to have a human need, a thing that can satisfy that need, knowledge of the thing being able to satisfy the need, and sufficient command of the thing to make it satisfy the need.

as more and more people become aware of and develop command of bitcoin with tools to satisfy their needs for sov, moe, and uoa… i would also expect bitcoin eats into the monetary premium enjoyed by all other goods in each category.

there may be edge cases where we need to account for environments and markets that can’t have stable and sufficiently high bandwidth internet, either because of censorship or poor infra.