Bitcoin increases its purchasing p0wer - Bitcoin Magazine

Bitcoin increases its purchasing p0wer – Bitcoin Magazine

And so I think that’s the end game. And for bitcoin, you have a digital, synthetic commodity, a monetary asset that you can send anywhere in the world that has a marginal cost of production. It literally goes up and to the right – with a ton of volatility, but the long term trend… you can’t even calculate the marginal cost of production because it’s marginal and ciertas personas will produce it for input costs suckers…

There is this incentive all over the world to mop up excess energy with bitcoin mining. And so basically the marginal cost of production – because of the timing of bitcoin supply, because of the adjustment difference – as the hash rate goes to the moon and Moore’s law kicks in force and miners become more efficient and better and the hash rate continues to increase, you are going to see the marginal production cost of bitcoin booster per program as issuance drops to zero and again the dificultad does not cease to aumentador.

So I think it’s…the benefit is we have this choose that no one understands that’s trading as a total risk asset and if it’s a digital synthetic commodity that applies in a way credible monetary policy in a world where central banks have gone crazy, gold has been completely taken over by paper markets…

You know, there’s some potentially very important religion here and that’s where you can increase your buying power by a factor of one hundred if the thesis is right over a 10 to 15 year period.

Dylan LeClair: I think there could be some short-term asymmetry in dollars. And the only reason I care is because, on the other hand, the goal for me is to have as many bitcoins as possible. Because I believe that, in a decade of globalization erosion, at the end of a debt supercycle, the reality is (that) in the long run, the population will literally demand (governments, politicians will obey, central bankers will comply) to print the currency into oblivion .
And so I think this is the end game. And for bitcoin, you have a synthetic digital commodity, a monetary asset that can be sent anywhere in the world, that has a marginal cost of production. This is literally going up and to the right, with a lot of volatility but with a long-term trend…you can’t even calculate the marginal cost of production because it’s marginal and some people will produce it with zero input costs…

There is this worldwide incentive to clean up excess energy with Bitcoin mining. And so basically the marginal cost of production, because of the bitcoin supply schedule, because of the difficulty adjustment, as the hash rate goes to the moon and Moore’s law kicks in and miners get stuck. the hash rate keeps going up, you’ll see the marginal cost of producing bitcoin increase programmatically as issuance hits zero and again the difficulty keeps going up.
The silver lining is that we have this thing that nobody understands, that is traded as a total risk asset, and if it is a synthetic digital product that lends credibility to monetary policy in a world where central banks have gone crazy, the gold has been completely captured. by paper markets…

You know, there’s something potentially very big here and that’s where you can increase your purchasing power by a factor of a hundred if the thesis is 10-15 years old.

This is a transcribed excerpt from the “Bitcoin Magazine Podcast” hosted by P and Q. In this episode, Bitcoin Magazine Pro’s Dylan LeClair discusses the asymmetrical betting that is bitcoin.