0 sats \ 2 replies \ @kr 22 May 2023 \ parent \ on: ∞/21M > $ × ∞ bitcoin
In this example, I own a house and you own a Bitcoin. If you buy the house you are giving me your Bitcoin and I give you the house.
Value has exchanged hands but there is there is still the same amount of value in the economy.
Ok so if 1 BTC is being traded for 1 home, the BTC in the economy represents half of the economy’s wealth… right?
are you saying no value can ever exist if it is not represented by bitcoin?
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0 sats \ 1 reply \ @immutable OP 22 May 2023
If we refer back to the base equation it becomes simple.
∞ / 21M
Everything / ₿
All Assets + Money + Energy / ₿
If it is not ₿itcoin, the only place it belongs is on the left. Part of ∞.
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0 sats \ 0 replies \ @kr 22 May 2023
in the example above, homes are part of the denominator, not the numerator. i believe the same is true for all other assets too.
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