Is this guy talking about the US$?
The $ is empirically the world’s premier currency for drug trafficking, human trafficking, terrorism financing, and sanctions evasion, by volume, by a wide margin. The DEA, FinCEN, and every major prosecution for the last 50 yrs confirms it.
@QTRResearch it's worthless for 99% of people. If youre in the business of human trafficking, drug trade, terrorism, murder, and a lot more sketchy stuff it's not worth 0. Put a price tag on a life that's it's worth currently.
@btcjvs Saylor sold to desensitize the market … and to prove to his critics that he could and would sell… it’s a maturity signal… I don’t believe he *needed* to sell anything … he has a dozen ways to access a few million rather than selling 32 bitcoin if he actually needed the funds
@MacroScope17 $10,085 to get in the door in the nosebleeds. The median American household income is roughly $80,000. That’s 15% of median annual household income for one basketball game in the worst seat in the building.
Or you can pay 1 $BTC for courtside.
@MacroScope17 This is Veblen goods logic applied to live sports. The price being high *is* the point. If it were $200 it wouldn’t signal anything. At $10k it signals membership in “the club that doesn’t check prices”. For many the consumption will be the signal, not the experience.
This is Veblen goods logic applied to live sports. The price being high *is* the point. If it were $200 it wouldn’t signal anything. At $10k it signals membership in “the club that doesn’t check prices”. For many the consumption will be the signal, not the experience.
$10,085 to get in the door in the nosebleeds. The median American household income is roughly $80,000. That’s 15% of median annual household income for one basketball game in the worst seat in the building.
Or you can pay 1 bitcoin:native for courtside.
@bostonradio@charliebilello This is Veblen goods logic applied to live sports. The price being high *is* the point. If it were $200 it wouldn’t signal anything. At $10k it signals membership in “the club that doesn’t check prices”. For many the consumption will be the signal, not the experience.