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But if you fit to a infinitely parameterized ML-boosted quantum inverted hypersonic cosine it’s quite clear that it’s nothing more than a strong buy signal read

by jfghi 4y ago

But if you fit to a infinitely parameterized ML-boosted quantum inverted hypersonic cosine it’s quite clear that it’s nothing more than a strong buy signal ready for a 125x breakthrough prior to the next decadium /s

rvnx 4y ago
The thing is, Bitcoin will always have intrinsic value even if everybody sell their coins because some idiots like me invested in this thing long time ago and lost their keys. All this lost and irrecoverable money is a good basis for valuation. Also, one question: where are all these people who claimed that Bitcoin was a good inflation hedge ?
- jfghi 4y ago
  What happened to the key? I think society is desperate for inflation hedges so perhaps it’s a strong marketing tool regardless of how accurate it might be.
- zen21 4y ago
  Why is the unrecoverable money a good basis for valuation? It just means the total number of coins is slightly lower.
- deleted 4y ago
  [deleted]
- notatoad 4y ago
  > where are all these people who claimed that Bitcoin was a good inflation hedge? Same place they always were: making bad takes in relative anonymity with zero consequences for being wrong. And that’s fine: you should be able to say dumb things anonymously with no consequences. The consequences come for the people who make investments on the basis of anonymous shitposts
- dragonwriter 4y ago
  > Bitcoin will always have intrinsic value even if everybody sell their coins because some idiots like me invested in this thing long time ago and lost their keys. Lost coins are not support for intrinsic value. Use-value that doesn't depend on the market is intrinsic. Value from perceptions and perceived scarcity (even if the perception is driven by actual scarcity) is extrinsic. But I don't think lost coins supports the existence of even extrinsic value; it might be an extrinsic >1 multiplier on value from some other source by increasingn scarcity, but it won’t provide a baseline of value if nothing else does.

by jfghi 4y ago

rvnx 4y ago

The thing is, Bitcoin will always have intrinsic value even if everybody sell their coins because some idiots like me invested in this thing long time ago and lost their keys. All this lost and irrecoverable money is a good basis for valuation. Also, one question: where are all these people who claimed that Bitcoin was a good inflation hedge ?

jfghi 4y ago
What happened to the key? I think society is desperate for inflation hedges so perhaps it’s a strong marketing tool regardless of how accurate it might be.
zen21 4y ago
Why is the unrecoverable money a good basis for valuation? It just means the total number of coins is slightly lower.
deleted 4y ago
[deleted]
notatoad 4y ago
> where are all these people who claimed that Bitcoin was a good inflation hedge? Same place they always were: making bad takes in relative anonymity with zero consequences for being wrong. And that’s fine: you should be able to say dumb things anonymously with no consequences. The consequences come for the people who make investments on the basis of anonymous shitposts
dragonwriter 4y ago
> Bitcoin will always have intrinsic value even if everybody sell their coins because some idiots like me invested in this thing long time ago and lost their keys. Lost coins are not support for intrinsic value. Use-value that doesn't depend on the market is intrinsic. Value from perceptions and perceived scarcity (even if the perception is driven by actual scarcity) is extrinsic. But I don't think lost coins supports the existence of even extrinsic value; it might be an extrinsic >1 multiplier on value from some other source by increasingn scarcity, but it won’t provide a baseline of value if nothing else does.