shutosha on Nostr: Bitcoin is the apex asset because you can acquire it for less than a penny .. with ...
Bitcoin is the apex asset because you can acquire it for less than a penny .. with practically zero txn fees .. #sats .. that is a very big thing cuz all other assets ( including #gold) have minimum threshold acquisition cost which filters out the poor .. for example even if you have 100 k you can't buy a home in a good city center .. #zaps offer everyone the same opportunity no matter location , region or nation ..
As for currency , bitcoin or gold can never be a currency .. cuz the point of currency is artificially fixed price of goods in a specific jurisdiction.. it is like a rate list .. it serves an important role for poor cuz they can't compute the exchange rates on the fly .. just like when you are shopping in Costco , most things have per pound cost printed .. or else people get confused by larger packagings with lesser weight ..
Currencies can only be implemented through control .. in fact the currency is the national boundary .. in old days , when kings won a piece of land , first thing they did was to defunct old currency , so every one in that land became worthless .. and then issue their own currency so the wealth got shifted to their people .. US can do it with USDT or USDC ..
As for currency , bitcoin or gold can never be a currency .. cuz the point of currency is artificially fixed price of goods in a specific jurisdiction.. it is like a rate list .. it serves an important role for poor cuz they can't compute the exchange rates on the fly .. just like when you are shopping in Costco , most things have per pound cost printed .. or else people get confused by larger packagings with lesser weight ..
Currencies can only be implemented through control .. in fact the currency is the national boundary .. in old days , when kings won a piece of land , first thing they did was to defunct old currency , so every one in that land became worthless .. and then issue their own currency so the wealth got shifted to their people .. US can do it with USDT or USDC ..