Scarcity does not create value.
Scarcity merely amplifies value.
#Bitcoin doesn’t have any value to begin with, so it’s scarcity doesn’t amplify anything.
@The_MadTinkerer@CherieBeneteau Oh, so you mean they’re taking 50% upfront
But only keeping 40% forever, and the other 10% is just an interest-free loan they’re taking without consent for a year?
So much better.
@SenSanders Go make a cheaper computer then
Apple is not obligated to accept a lower price, or even to make any products at all
Similarly, no consumers are obligated to buy from Apple, they can choose any other product
@Leooweb3 Gold is down less than 20% from ATH and still up about 30% YoY
BTC is down well over 50% from ATH and about 40% YoY
You can’t throw these together as if they’re in the same boat…
@AlexesNakamoto@saylor “if you sell a tiny APPRECIATED portion”
He sold at less than 2% gain in what he paid.
Doesn’t sound like a huge win after 5 years a billions of dollars of buying/holding
Jeff Bezos: "If I do my job right, the value to society and civilization from my for-profit companies will be much, much larger than the good that I do with my charitable giving."
@chamath@socialcapital Your slogan is incorrect as it mixes verbs and nouns, breaking the pattern.
This should read: “Education. Contextualization. Analysis.”
Or alternatively: “Educate. Contextualize. Analyze.”
Keeps a consistent form, and doesn’t sound like a child formatted it.
@gregogallagher Step 8:
Watch Bitcoin crash to basically half of what you paid for it.
Even Saylor’s Strategy is down almost 15% on its entire Bitcoin holdings.