411 sats \ 1 reply \ @elvismercury OP 15 Nov 2023 \ on: _Broken Money_ book club, part 4 bitcoin
When money doesn't store value properly, other things that have some monetary properties -- especially scarcity -- become monetized. Well-known examples of this include real estate and collectibles. Are there less well-known examples? What do you think will happen to these pseudo-sov if bitcoin becomes broadly adopted? Will they all react the same way?
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304 sats \ 0 replies \ @k00b 16 Nov 2023
Equities. My dad buys Apple stock like it's a SoV.
What do you think will happen to these pseudo-sov
Less powerful monopolies because presumably bitcoin would be the risk-off investment and equity investing would be more risk-on and biased toward higher growth potential equities.
Bonds are another but I hardly understand that market. It's so slow moving and political by comparison.
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