model
He argues Bitcoin’s structure is mis-specified as a money model because it is mostly treated as a store of value, not a general medium of exchange, making crash dynamics tied to adoption limits.
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Valuation
He argues Bitcoin’s structure is mis-specified as a money model because it is mostly treated as a store of value, not a general medium of exchange, making crash dynamics tied to adoption limits.
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Timestamped Evidence
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"It's used in all sorts from jewelry to computer devices. Bitcoin can only be used as either a store of value or a means..."
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"And when it stops rising, then the only way to go is down. Where I see the bottom isn't zero quite, but it's at..."
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"...Western world. Inflation and lower quality of life. Higher stock market valuations. Which means greater inequality. Less real economic growth. Less and less people..."
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"...want to see the property prices go up. Higher stock market valuations make sense because they own the most stocks. Youth donation for the..."
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