5 ms·
When people start saying the rules of economics don't apply this time, that's usually a good sign of a bubble.
by infinite8s 9y ago
When people start saying the rules of economics don't apply this time, that's usually a good sign of a bubble.
- paulgb 9y ago"The price of Bitcoin is solid, there's a mathematically guaranteed finite supply" - 2017 "The price of land is solid, they aren't making more of it" - 2007
- marshray 9y agoLand has inherent utility, Bitcoin has inherent costs, notably energy.
- adamnemecek 9y agoIt's not tho. What would you say was the economic system even comparable with Bitcoin?
- infinite8s 9y agoHuh? Bitcoin is a finite resource. There's lots of examples of finite resources (land, for example).
- adamnemecek 9y agoIs land used as currency?
- Tiksi 9y agoIs bitcoin? There's probably been more purchases value wise in land than in bitcoin. And it is/was used as currency.