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The process of rapidly becoming a marketable commodity is called monetization. Bitcoin is in a hypermonetization melt-up phase.
by bitcoin-truth 13y ago
The process of rapidly becoming a marketable commodity is called monetization.
Bitcoin is in a hypermonetization melt-up phase.
- dragonwriter 13y ago> The process of rapidly becoming a marketable commodity is called monetization. No, its not. That's the process of printing money to pay off a debt. Or the act of a government making something legal tender. It might even be a tenable name for something becoming money (which isn't just a marketable commodity.) Things often become marketable commodities -- even rapidly, especially when they are newly discovered or new uses are discovered for them -- without becoming money. > Bitcoin is in a hypermonetization melt-up phase. What is that even supposed to mean?
- bitcoin-truth 13y agoyou are referring to monetization of debt. monetization per se is the process of becoming a money. Mises is a good read. > (which isn't just _a_ marketable commodity.) You got that right. It's _the_ marketable commodity. > What is that even supposed to mean? A melt-up is the opposite of a melt-down.