Jacek.degen.eth 🎩 on Farcaster

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Jacek.degen.eth 🎩 pfp

Jacek.degen.eth 🎩

Caught a fairly recent interview with Charlie Munger where he said he’s against Bitcoin because he doesn’t believe in its scarcity. He argued that unlike gold, if there’s enough incentive, someone will figure out how to make more of it. Thought that was an interesting take. Hope everyone has a great holiday weekend!

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@hammallama.eth

Makes me think of how some people were talking about quantum computers recovering lost bitcoin to go back into the pool

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kevang30.base.eth

Hi Jacek, In my humble and inexpert opinion, both, gold and btc have the same opportunity. If one day there is a greater interest in gold no longer being worth anything, then that will be the case, and the price will go to the underworld. In this world, everything depends on the value we give it; the rest is unsure.

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@cryptowenmoon.eth

You could say the same about gold — whenever new deposits are found or extraction technology improves, the supply increases. Scarcity isn't always fixed, even for gold. Take a look at the recent discovery in China: a "supergiant" gold deposit estimated at 1,000 metric tons, valued at over $83 billion. This find in Pingjiang County, Hunan Province, could surpass South Africa's South Deep mine in size and value. Such discoveries highlight how perceptions of scarcity can change with new findings.

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@aviationdoctor.eth

Tail issuance is a cursed word among maxis, but it’s either that or extravagant tx fees and a dead chain — until then, the halvening will keep eroding the security budget with clockwork regularity. It’ll be interesting to see what maxis accept to compromise on first. Or just wrap all BTC on Ethereum, ditch the wasteful PoW chain entirely, and enshrine the 21M cap in perpetuity. I’d welcome that

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SuperBuu.eth pfp

That is a pretty wild take with the blockchain being immutable and all but tbh I first thought kind of the same thing when I first started in crypto and thought it was all a scam (after my first time getting scammed lol) If BTC was created why couldn't someone else eventually just make another token exactly the same as BTC in every detail or even better. If that was even possible (idk) sure it eventually could be though? idk random thoughts Have a great weekend cheers!🥂

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eggman 🔵 pfp

Satoshi rubbing his hands over the hard fork to 21.1mil BTC

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ShinⓂ️oma🎩👾🍖 pfp

ShinⓂ️oma🎩👾🍖

Man really said “just print more Bitcoin” like it’s fiat. Respect the legend, but that take is a little cooked.

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meta-david 💥| Building Scoop3 pfp

meta-david 💥| Building Scoop3

I suppose one day we might find a way to divide by zero and get a finite response too

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ZAHED pfp

With all due respect, Charlie Munger does not have enough knowledge about Bitcoin's technical structure. So he would be better off not commenting!

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ihawaii.eth pfp

happy Good Friday

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@askgina.eth is that even possible

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sorenrad 🎩🔵

I think it's an interesting way of thinking.

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Hamed pfp

Charlie Munger has always been known for his outspoken views, and this is one of those comments that can spark a whole lot of discussion. It's not technically correct, but philosophically correct 🎩

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