0 sats \ 4 replies \ @didiplaywell 24 May \ on: Property Management built on Bitcoin - and BTCpay Server? bitcoin
What you mean about "property management built on bitcoin"? I have seen your other post but cant get the picture
I believe "property management" and all businesses for that matter, are going to be converting/transitioning to a bitcoin business model.... I think a lot of people right now are trying to run their businesses as "normal" and are just adding Bitcoin as a payment rail or as a store of value...
If - Bitcoin is actually going to be the base layer for our monetary networks and is going to remain decentralized and secure - Then - Bitcoin is going to change all our models....I think when "Saylor" says "all you models are broken" he isn't just talking about all the modelling of the "fiat value" of Bitcoin he literally means....all the models....whatever that may be....including our Business Models....
Building a "fiat business model" business on top of Bitcoin - just doesn't make any sense to me...I believe successful businesses in the future are going to be ones that are built on Bitcoin (from the ground up).
If - the world we live in is actually deflationary and all prices fall to the marginal cost of production - and Bitcoin remains as the base layer, store of value, immutable ledger then - all successful businesses built on this system have to be built on a model that aligns with this system...
In other words - if you have a property management business - and your product is the building/apartment/amenities/service - and the prices of these products will continue to fall to their marginal cost of production (in Bitcoin terms) - the most successful businesses are going to be those built most closely in alignment with this new system.
I know that the value of my building is falling in "Bitcoin" terms... I also know that it is likely to fall in "FIAT" terms at some point in the future as well... (think recession) I also know that the value I provide to my residents is in keeping the building in good shape and keeping the "rental rates" as affordable as I can.... Well in my world, if I can transition my buildings out of the "FIAT" ponzi scheme that they are stuck in and build the business on a Bitcoin Standard - I will beat all the other "models" out there...
I hope that kind of answers your question a little bit?
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Thank you for your time @thecommoner
Before diving further in your bussiness model, just an important clarification: the deflationary economy that will ensue once bitcoin becomes the monetary base layer do not means, in any way, that prices will fall to marginal costs of production. That's not how deflation works. That's actually the exact opposite of how deflation works. Even more, it's solely under the fiat system, and in it's inflationary context, that (in proportion, not in bare numbers) prices tend to increasingly fall towards the marginal costs of production.
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You are most welcome @didiplaywell
You are likely correct in that Bitcoin's adoption as the monetary base layer does not mean that prices will fall to their marginal cost of production...Prices always fall to their marginal cost of production +/- a monetary premium dependent on the scarcity and utility of the product....these prices get distorted by the current FIAT system and thus cause all manner of disruptions throughout the markets....
I believe Bitcoin goes even deeper into civilizations systems and will overwrite many of our current systems (over time). Our systems of governance and knowledge...literally everything that is touched by "money" or "communicated value" will be overwritten by this new base layer.
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I like your enthusiasm. I personally think we are already there in some degree, but bitcoin will allow for a more robust and extensive development of such principles.
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