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21 sats \ 2 replies \ @denlillaapan OP 3 Jan \ parent \ on: MONEY CLASS OF THE DAY: Yes, We Can Have More Than 21 Million' Worth of BTC econ
No, that's exactly wrong—and why I wrote the piece.
Easy illustration: the world has $300-trillion something of real estate, $100-trillion-something of stocks, but only $30trillion of base money (maybe 100trn of global m2). How can that be?
Precisely because what I say in the piece: assets are traded individually, with prices set on the margin, not in aggregate and all at once.
All the world's assets never have to pass through the money supply (21mil bitcoin) at any one point.
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14 sats \ 1 reply \ @SatoshiNakanodo 3 Jan
Ok, I think I'm seeing it. I need to go back and re-read that Money Class. You might need to make a white board video series for ritardos like me.
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0 sats \ 0 replies \ @denlillaapan OP 3 Jan
Hahah sure.
There must be some on the internet already. I'll find some
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