Austrian economics just got a call out at #ufc300

GM, He is risen!

#zapathon

Nooo! I’m going to be driving during the #Zapathon enjoy these I guess

#zapathon

#zapathon

I wasn’t ready for the last #Zapathon but I’ve got time to kill and memes to post now

#zapathon

#zapathon

#100pushups for the day done

#100pushups done 2 sets of 50 today

I listened to the Kieth Weiner POTP interview today, and I feel like he didn’t really give that much to support his argument against ₿itcoin, just that it’s volatile, called it a speculative asset, and that people often justify moves in the market after the fact with some made us stuff that sounds right and may or may not be true. As far as ₿itcoin and gold being speculative assets, monetary goods always trade at a premium to their utility so I would classify them more as a monetary good more than a speculative asset. As Robbie mentioned though, the reason the ₿itcoin maxis hodl ₿itcoin is because they think that it will eventually become the next global reserve currency since it is the best at the 7 properties of money (Durable, Portable, Fungible, Verifiable, Divisible, Scarce, established history, and censorship-resistant). As far as if it is money now, the three uses of money (store of value, medium of exchange, and unit of account) can be used to gauge that. Right now it’s only really being used as a store of value, and to a very limited degree a medium of exchange, so it is in the monetization process. It would be expected with any new money (or technology) undergoing monetization that its value would fluctuate a lot because of hype and disillusionment, but that it would eventually stabilize. Monetary transitions typically take several decades so it won’t happen right away, but then everything seems to happen faster in modern history so it might happen sooner than we think. It’s worth noting that there have been scenarios, usually in countries experiencing very high inflation, where multiple forms of money are used for the different roles. Even right now in America, the dollar by itself isn’t used as a store of value for long periods of time since everyone knows it is losing value, people instead turn to stocks, bonds, real estate, gold, etc., it’s why stocks and real estate trade way above their utility or P/E ratios. Because of inflation, everyone is essentially forced to become an investor!

#100pushups done 💪 New record time 1st set 63, 2nd set 37. Finished in less than 2 min 17 sec

I missed my #100pushups the last few days because I was sick, so I just did 400 today to make up for it while listening to Creed on repeat the whole time 💪

Just placed one of these in a pretty high traffic area! If anyone recognizes this location and goes here regularly dm me so we can meet up 🤙@bitcoin.rocks

#zapathon

#zapathon ⚡️

#zapathon ⚡️

#zapathon ?!⚡️⚡️

Does anyone know why my @primal in app iOS wallet won't let me receive sats anymore? I recently drained it all the way and when I went to refill it I got this message. #asknostr