2 ms·
The thought experiment reflects an obvious truism. Your ability to disprove it just a demonstration of your inability to reason about stock-to-flow. You prove t
by beeflet 2y ago
The thought experiment reflects an obvious truism. Your ability to disprove it just a demonstration of your inability to reason about stock-to-flow. You prove too much here. I think this will become evident by the end of this halving period.
- npoc 2y agoSimply saying that it's obviously true is not a valid defence. So according to your superior reasoning of stock-to-flow, if someone owned all the food in the world, with no means of further production, food would be worthless? If not, how is food (commodity with large demand, driven by need to nourish ourselves) different economically to bitcoin (a commodity with large demand driven by need to store value)?