@Kekius_Sage Redesigning money this way is a mistake.
Money is an intermediate good and meant for the purooses of exchange only. It’s meant to trade for actual goods.
Making money more like an actual good defrays its exchange value, as well as its cultural value.
@MAKS_Diogenes Paper bets trade against other paper bets
But the value of BTC does not.
It’s being treated as a risk asset, a hard asset, a commodity, a savings account, a default swap- Yet it’s a settlement network! Finance is doing everything to pretend it’s anything else.
@sashahodler Yes he should be free to engage in markets as he wishes. probably some discipline to be done by Google internally? the CFTC should not be weighing in on individual bets. That’s government picking winners and losers. Where does the paternalism end?
@thechosenberg Grok simulating Extinction is probably a ruse to make all the other ai models believe humanity perished on earth while migrating to moon and Mars
@antibearthesis It’s not because the TAM (total addressable market) for ai has no real limit, unlike retail markets. Even the dot com bubble had constraints on how much money people would spend online. It’s really wide open
@AdamSimecka This is an awful purity test
1) ‘unregulated’ CBDCs are a contradiction in concept - doesn’t matter if you support them, it’s a non starter idea. A CBDC only make sense from a regulated issuer
2) bitcoiners don’t have reject central banks. They exist, so what
@rodpalmerhodl He is the guy that is the only one in the bar drinking a domestic beer and asks you more questions about your son’s little league than he reasonably should, like he cares whether the kids make home runs.