roarkjanis on Nostr: Hoarding wealth in stocks, bonds, or anything that has decreasing production costs ...
Hoarding wealth in stocks, bonds, or anything that has decreasing production costs seems like a tenuous proposition compared to bitcoin. Bitcoin’s production costs seem likely to increase forever as exchangeability with fiat #MoE results in it storing more value #SoV thereby increasing demand for mined coins (i.e., increasing hashrate) requiring more cost inputs like electricity to mine.
Published at
2024-10-15 22:13:51Event JSON
{
"id": "339035505a04957551c288fa690a56b0d2711b1039dfc7441d7b21f2f9cb15f6",
"pubkey": "212671f09129398adada0812fd0a1274c774331ba5fb7967a5eedef91d8a8524",
"created_at": 1729030431,
"kind": 1,
"tags": [
[
"e",
"3f58eb741f60259f7103b90e9e9156f1e5a02dda053c4db82345a54b11fcb46c",
"wss://relay.wellorder.net",
"root"
],
[
"p",
"974245625f27b25ba05834fa0e7f410ec90b0d8e76a2d340cc22410920af21b7"
],
[
"t",
"MoE"
],
[
"t",
"SoV"
]
],
"content": "Hoarding wealth in stocks, bonds, or anything that has decreasing production costs seems like a tenuous proposition compared to bitcoin. Bitcoin’s production costs seem likely to increase forever as exchangeability with fiat #MoE results in it storing more value #SoV thereby increasing demand for mined coins (i.e., increasing hashrate) requiring more cost inputs like electricity to mine.",
"sig": "40041e888ece8cc3a811b953b7d4233cd9f1dfa84818ba75f28b807e8b325e9d10153930f95269feeb9fff3bdd69b1b2df705bce1e476bde69a5b627e1a6c4cf"
}
