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Fun With Bitcoin E0094 Jimbrrrrra
duda-wsm • Aug 13, 2020
If bitcoin is not backed by anything how is it valued? and Many more topic we go trough with Jimbo
*RH Story
*OrangeCoin good
*2007 - CFJI
*Sounds like a scam and ignored
*Its too late for me, then a long time passes
*Anti academic
*Circa 2012 - maybe i should get some of this
*Sharp ratio
*MT GOX OG
*4 book series the value of bitcoin (started as a news letter) orangecoin good is the first
*If bitcoin is not backed by anything how is it valued?
*Orangecoin good - for precoiners around 18K
*Bitcoin not shitcoin
*Number go up - how do we measure the worth of things
*Bitcoin fixes this
*Metric of inner subject value - subjective appraisal
*The dollar as a metric
*Gold was used because it was hard to produce, it failed because it was hard to transmit
*Rival excludable digital good
*Why bitcoin and not shitcoin
*Bitcoin is really 3 things : money, a network, a social network
*You can fork a chain, you cant fork the people
*At $1M per BTC, a satoshi costs one cent—a penny stock. That’s when the real FOMO moon pump begins.
*Unit biased
*Issued vs unlocked
*Time preference - conservation of preference
*Twitter contact: @jimbocoin
Twitter & Telegram @Coinicarus
Email me at coinicarus@funwithbitcoin.com
Intro music by @CryptoContagion
AnchorFM for all platform links.
After the dip of the RIP, we welcome Weinicus, a bitcoin Nomad.
This will most likely be the last FWB with Michael Krieger
*Background in engineering *Orange pilled by a QR code *Burned in stocks *Introspection on failure *Stack in silence *Brainwashed to be consumers for the sake my of consuming *My greed benefits everyone else in the system *Stacking grows conviction *Wtfbitcoin.substack.com *Daily news *Everything is fine until it isn’t * Bitcoin community: huge city with a small town feel Twitter: @saulabrm
