This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out .Bitcoin Is The Ultimate Abstraction Of ValueThe abstraction of value isn't new. In primitive times, value was derived from an item's ability to assist in winter survival, hunt for food, or start a fire. The interaction with neighboring societies and advent of mass-produced goods brought a need for a universally accepted store of value to trade and exchange. The solution was to abstract value away from utility, forcing people to reconsider value in scarcity, recognizability, and tradability. After a number of items were used as primitive money, gold became the dominant store of value and proved to be extremely useful. It still is to this day. Another abstraction of value came with national currencies, no longer shiny like gold, with value derived from faith, monetary policy, and the strength of a country. Right now, crypto is pressuring the financial sector to evolve, forcing individuals to reconsider value, and adapt a 3rd major abstraction of value.Bitcoin is today's newest abstraction of value. Its promise of privacy, peer-to-peer interaction, decentralization, and proof-of-work require someone to accept value in something entirely non-existent in the physical world. Bitcoin is free of failed government commitments and policies. Value is now freedom, and owning small increments isn't something to be shown on a bracelet, stored in a safe deposit box, or in a wallet. Rather, owning Bitcoin or Satoshis, (100 millionths of a Bitcoin) means placing value in a system outside of the trappings of traditional finance. Bitcoin frees individuals from the repeated historical downfall of fiat currencies. If the new norm is accepting this abstraction for its own unique set of properties, the pendulum of power will swing from the few who perverted money to the many. Bitcoin is a currency made by the people for the people - freedom in the form of value.Live stream today at 2 PM EST discussing the Bitcoin dip and looking into other charts: https://www.youtube.com/watch?v=ag5ZFeEiAtEIn This Issue:Bitcoin Is The Ultimate Abstraction Of ValueBitcoin Thoughts And AnalysisRSI And Divergences10 Threads On GrowthBitcoin Is Becoming More Expensive For The Average UserCoinbase Pro Ads Support For TetherCharles Schwab Wants Into CryptoMy Recommended Platforms And Tools
The Wolf Den #227 - Abstraction Of Value
The Wolf Den #227 - Abstraction Of Value
The Wolf Den #227 - Abstraction Of Value
This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out .Bitcoin Is The Ultimate Abstraction Of ValueThe abstraction of value isn't new. In primitive times, value was derived from an item's ability to assist in winter survival, hunt for food, or start a fire. The interaction with neighboring societies and advent of mass-produced goods brought a need for a universally accepted store of value to trade and exchange. The solution was to abstract value away from utility, forcing people to reconsider value in scarcity, recognizability, and tradability. After a number of items were used as primitive money, gold became the dominant store of value and proved to be extremely useful. It still is to this day. Another abstraction of value came with national currencies, no longer shiny like gold, with value derived from faith, monetary policy, and the strength of a country. Right now, crypto is pressuring the financial sector to evolve, forcing individuals to reconsider value, and adapt a 3rd major abstraction of value.Bitcoin is today's newest abstraction of value. Its promise of privacy, peer-to-peer interaction, decentralization, and proof-of-work require someone to accept value in something entirely non-existent in the physical world. Bitcoin is free of failed government commitments and policies. Value is now freedom, and owning small increments isn't something to be shown on a bracelet, stored in a safe deposit box, or in a wallet. Rather, owning Bitcoin or Satoshis, (100 millionths of a Bitcoin) means placing value in a system outside of the trappings of traditional finance. Bitcoin frees individuals from the repeated historical downfall of fiat currencies. If the new norm is accepting this abstraction for its own unique set of properties, the pendulum of power will swing from the few who perverted money to the many. Bitcoin is a currency made by the people for the people - freedom in the form of value.Live stream today at 2 PM EST discussing the Bitcoin dip and looking into other charts: https://www.youtube.com/watch?v=ag5ZFeEiAtEIn This Issue:Bitcoin Is The Ultimate Abstraction Of ValueBitcoin Thoughts And AnalysisRSI And Divergences10 Threads On GrowthBitcoin Is Becoming More Expensive For The Average UserCoinbase Pro Ads Support For TetherCharles Schwab Wants Into CryptoMy Recommended Platforms And Tools