McG on Nostr: Great rip with MartyBent & lukegromen Game theory around the world returning to a ...
Great rip with MartyBent (nprofile…l2yj) & lukegromen (nprofile…rn6q)
Game theory around the world returning to a neutral reserve asset is so fascinating and seemingly simple, directionally.
First principles -> an ounce of gold will fall to it's marginal cost of production. Gold doesn't have a difficulty adjustment and fixed supply. There is about 70X the supply of gold on the ocean floor... Not even talking about space. AI + Robotics will collapse the MC of gold towards zero over time. Almost nobody is talking about this.
Tricks with gold in the short term is still shuffling chairs around on the Titanic. Bitcoin can be the only true neutral reserve asset and currency into the future because of it's properties and decentralization/security.
https://www.youtube.com/watch?v=RCeWQHATWYU
Game theory around the world returning to a neutral reserve asset is so fascinating and seemingly simple, directionally.
First principles -> an ounce of gold will fall to it's marginal cost of production. Gold doesn't have a difficulty adjustment and fixed supply. There is about 70X the supply of gold on the ocean floor... Not even talking about space. AI + Robotics will collapse the MC of gold towards zero over time. Almost nobody is talking about this.
Tricks with gold in the short term is still shuffling chairs around on the Titanic. Bitcoin can be the only true neutral reserve asset and currency into the future because of it's properties and decentralization/security.
https://www.youtube.com/watch?v=RCeWQHATWYU