/biz/ - Business & Finance

[X Æ A-12 !nq57fUc9IY No.18991387]

the invention of Bitcoin represents the discovery of absolute scarcity, or absolute irreproducibility, which occurred due to a particular sequence of idiosyncratic events that cannot be reproduced. Any attempt to introduce an absolutely scarce or diminishing supplied money into the world would likely collapse into Bitcoin (as we saw with the Bitcoin Cash fork). Absolute scarcity is a one-time discovery, just like heliocentrism or any other major scientific paradigm shift. In a world where Bitcoin already exists, a successful launch via a proof-of-work system is no longer possible due to path-dependence; yet another reason why Bitcoin cannot be replicated or disrupted by another cryptoasset using this consensus mechanism. At this point, it seems absolute scarcity for money is truly a one-time discovery that cannot “disrupted” any more than the concept of zero can be disrupted.

[X Æ A-12 !nq57fUc9IY No.18991396]

>>18991387
A true “Bitcoin killer” would necessitate an entirely new consensus mechanism and distribution model; with an implementation overseen by an unprecedentedly organized group of human beings: nothing to date has been conceived that could even come close to satisfying these requirements. In the same way that there has only ever been one analog gold, there is likely to only ever be one digital gold. For the same quantifiable reasons a zero-based numeral system became a dominant mathematical protocol, and capitalism outcompetes socialism, the absolute scarcity of Bitcoin’s supply will continue outcompeting all other monetary protocols in its path to global dominance.

[X Æ A-12 !nq57fUc9IY No.18991406]

Numbers are the fundamental abstractions which rule our world. Zero is the vanishing point of the mathematical landscape. In the realm of interpersonal competition and cooperation, money is the dominant abstraction which governs our behavior. Money arises naturally as the most tradable thing within a society—this includes exchanges with others and with our future selves. Scarcity is the trait of money that allows it to hold value across time, enabling us to trade it with our future selves for the foregone opportunity costs (the things we could have otherwise traded money for had we not decided to hold it). Scarce money accrues value as our productivity grows. For these reasons, the most scarce technology which otherwise exhibits sufficient monetary traits (divisibility, durability, recognizability, portability) tends to become money. Said simply: the most relatively scarce money wins. In this sense, what zero is to math, absolute scarcity is to money. It is an astonishing discovery, a window into the void, just like its predecessor zero:

[X Æ A-12 !nq57fUc9IY No.18991413]

Bitcoin is the global economic singularity: the ultimate monetary center of gravity — an exponential devourer of liquid value in the world economy, the epitome of time, and the zero-point of money.

[Anonymous No.18992366]

>>18991387
Why do those baby cloths all have the same colors? Not to mention the same stripe pattern
I feel like someone could dream up a conspiracy about this

[Anonymous No.18992386]

>>18991387
das a cute baby damn

[Anonymous No.18992718]

>>18991387
You have to be 18 to post here. What are you, like 6 days old or something?

[Anonymous No.18993070]

>>18991387
please don't post a white baby disfigured like that. delet plz or redo as lesser race

[Anonymous No.18993115]

you better stop reading crypto twitter

[Anonymous No.18993265]

Btc supply is limited, the project will end like in 50 years or so

[Anonymous No.18993277]

>>18991387
is it typical to put the tranny flag on babies like that or is this foreshadowing?

[Anonymous No.18993559]

>>18993265
>50
It will be hundreds of years before last one is mined.

[Anonymous No.18994148]

>>18993277
Trannies got their flag from Babby colors because they are psychologically unfit permababbies

[Anonymous No.18994346]

>>18991387
>Any attempt to introduce an absolutely scarce or diminishing supplied money into the world would likely collapse into Bitcoin (as we saw with the Bitcoin Cash fork)
This is where you're wrong. If something significantly better is found (unlike BCH), people will collectively switch to that. BTC relies on the relative speed of solving hashes for consensus, quantum computers will be able to solve hashes near-instantaneously.
PoS is the only solution to that, otherwise it just becomes a race of better quantum pcs.
There are quantum-resistant encryptions but for PoW the encryption needs to be hard-solvable, and quantum-resistant algorithms aren't.
Furthermore there is the projected problem of a hard cap on supply, a hard cap on inflation rate such as with ETH is much more sustainable, otherwise fees become too important.

For these and various other reasons Ethereum will be the actual singularity (or something like it)

BTC is like the DC electricity net proposed by Edison, ETH is Tesla's AC.

[Anonymous No.18994570]

>>18991387
Be nice to your mommies today, you'll miss them when they're gone.
https://www.youtube.com/watch?v=_IHaCyX6-Xo

[Anonymous No.18994648]

sauce

>https://medium.com/@breedlove22/the-number-zero-and-bitcoin-4c193336db5b

[Anonymous No.18995078]

>>18992366
it's literally the disguised trans flag. its propaganda starts from day one of your life

[Anonymous No.18995102]

>>18991387
Bitcoin code is infinitely cloneable. It is not in any way scarce. See:litecoin