Subjectivity in BTC communities drives irrational behaviour, particularly around the concept of "full nodes" and their role in the network.
Groupthink reinforces the false belief that non-block-creating "full nodes" validate transactions, despite this idea contradicting the White Paper and technical realities.
Confirmation bias causes many to ignore evidence that only block-creating nodes are true validators, clinging to the idea that all nodes equally secure the network.
Cognitive dissonance arises as members rationalise this flawed belief to maintain community cohesion, even when it leads to technical misunderstandings and network inefficiencies.
Objective analysis is often rejected, leading to crowd-driven insistence on the importance of "full nodes" that don't create blocks, further entrenching misconceptions and impeding the understanding of BTC's true operational mechanics.
The idea that non-block-creating "full nodes" in BTC validate transactions is technically flawed and misunderstood.
Only block-creating nodes (miners) can validate transactions by including them in a block, securing the network through Proof of Work.
Non-block-creating nodes can verify transaction rules but don't actually validate transactions or contribute to network security.
The confusion stems from mixing up verification and validation—only miners have the authority to confirm transactions by adding them to the blockchain.
BTC's so called use of the bitcoin White Paper makes it clear: true validation is tied to block creation. Non-block-creating nodes don't play this critical role in securing the network.
CSW
Aug 17, 2024
https://x.com/CSWr18714397/status/1824745401918071088?t=T1HWjAwwVSwHKol86rPeow&s=19
Groupthink reinforces the false belief that non-block-creating "full nodes" validate transactions, despite this idea contradicting the White Paper and technical realities.
Confirmation bias causes many to ignore evidence that only block-creating nodes are true validators, clinging to the idea that all nodes equally secure the network.
Cognitive dissonance arises as members rationalise this flawed belief to maintain community cohesion, even when it leads to technical misunderstandings and network inefficiencies.
Objective analysis is often rejected, leading to crowd-driven insistence on the importance of "full nodes" that don't create blocks, further entrenching misconceptions and impeding the understanding of BTC's true operational mechanics.
The idea that non-block-creating "full nodes" in BTC validate transactions is technically flawed and misunderstood.
Only block-creating nodes (miners) can validate transactions by including them in a block, securing the network through Proof of Work.
Non-block-creating nodes can verify transaction rules but don't actually validate transactions or contribute to network security.
The confusion stems from mixing up verification and validation—only miners have the authority to confirm transactions by adding them to the blockchain.
BTC's so called use of the bitcoin White Paper makes it clear: true validation is tied to block creation. Non-block-creating nodes don't play this critical role in securing the network.
CSW
Aug 17, 2024
https://x.com/CSWr18714397/status/1824745401918071088?t=T1HWjAwwVSwHKol86rPeow&s=19
X (formerly Twitter)
S Tominaga (@CSWr18714397) on X
Subjectivity in BTC communities drives irrational behaviour, particularly around the concept of "full nodes" and their role in the network.
in fact, you can't be your own bank because banks are not about giving out cash or holding it. Banks are about loans
Banks take long-term risk and balance it was short-term risk.. Cryptocurrency doesn't do this. Cash doesn't do this.
CSW
Dice 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609258258167200?thread_ts=1609258023.162900&cid=C5131HKFX
https://t.me/RamonQuesadaNews/13721
Banks take long-term risk and balance it was short-term risk.. Cryptocurrency doesn't do this. Cash doesn't do this.
CSW
Dice 29, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1609258258167200?thread_ts=1609258023.162900&cid=C5131HKFX
https://t.me/RamonQuesadaNews/13721
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Habrás visto algún vídeo de lo que pasa en Venezuela, pues bien, este lo resume todo o casi todo, por favor, no te lo peirdas
El propósito de la meditación, está en lo que hacemos después de meditar, el aplicar esos conceptos en los que hemos profundizado, para mejorar nosotros y nuestra relación con los demás.
https://youtube.com/shorts/5I_NO9AX7fI?si=idciegQ2a32eh4lE
https://youtube.com/shorts/5I_NO9AX7fI?si=idciegQ2a32eh4lE
YouTube
La Meditación no es un objetivo | Josep M. Clopés, profesor Meditación del Dr. Manuel Sans Segarra
La Meditación no es en sí misma un objetivo. Meditar muchas horas no te hace mejor persona.Lo importante es la consecuencia que la meditación tiene en ti mis...
Debido a que el ego tiene muy en cuenta la opinión de los demás y no tanto lo que sentimos dentro de nosotros mismos, el ego tiene sus propios objetivos.
Los objetivos del ego son:
- Exito
- Fama
- Reconocimiento
- Poder
- Riqueza y
- Dominio
https://youtube.com/shorts/2WjxZOmXWfQ?si=vrOkjQfR7dyU-88s
Los objetivos del ego son:
- Exito
- Fama
- Reconocimiento
- Poder
- Riqueza y
- Dominio
https://youtube.com/shorts/2WjxZOmXWfQ?si=vrOkjQfR7dyU-88s
YouTube
Parte 2/2 | El ego tiene muy en cuenta la opinión de los demás | Dr. Manuel Sans Segarra
El ego tiene muy en cuenta la opinión de los demás, y no tanto lo que sentimos dentro de nosotros mísmos.Cuando empezamos a mirar qué sentimos dentro nuestro...
Bitcoin funciona como un sistema de dinero digital en el que los operadores de nodos compiten entre sí. Esta competencia es esencial para la seguridad de la red, ya que garantiza que solo aquellos que mantengan la integridad del sistema validen las transacciones con éxito.
La noción de competencia entre nodos es fundamental para el diseño de Bitcoin. No se trata de una descentralización política, sino de crear una red segura donde los nodos más capaces mantengan la seguridad del sistema.
Al centrarse en las operaciones competitivas de los nodos, Bitcoin garantiza que la red siga siendo segura y resistente. La fortaleza de la red reside en esta competencia, no en ningún concepto político abstracto.
La seguridad de la red de Bitcoin se deriva del hecho de que los operadores de nodos compiten continuamente para validar las transacciones. Esta competencia es fundamental para los principios de un sistema de dinero digital seguro.
El enfoque de Bitcoin, que utiliza la operación competitiva de los nodos, consiste en garantizar que la red siga siendo robusta y segura, en lugar de involucrarse en cualquier forma de descentralización política. Este entorno competitivo es lo que sustenta la fiabilidad de Bitcoin para las transacciones entre pares.
El ideal de descentralización de BTC Core se centra en una distribución generalizada, donde se alienta a muchos participantes a ejecutar nodos. Esta idea a menudo se considera esencial para evitar el control centralizado, lo que refleja la creencia en la participación amplia como medida de protección.
Sin embargo, el diseño original de Bitcoin enfatiza la seguridad de la red a través de la operación competitiva de los nodos, no la participación generalizada. Reconoce que la seguridad se logra al tener los nodos más capaces y competitivos que validen las transacciones, en lugar de simplemente tener muchos nodos.
La paradoja aquí es que mientras BTC Core promueve la descentralización como un modelo amplio e inclusivo, el concepto original de Bitcoin ve la descentralización como un medio para asegurar la red a través de la competencia, no como un fin en sí mismo.
El enfoque de BTC Core corre el riesgo de ineficiencias al centrarse en la participación amplia de los nodos, lo que potencialmente conduce a una red menos robusta. El diseño de Bitcoin, por otro lado, garantiza la eficiencia y la seguridad al alentar la competencia entre un número menor de nodos capaces.
Este contraste subraya una divergencia significativa: el ideal de descentralización de BTC Core prioriza la participación, mientras que el enfoque original de Bitcoin era crear un entorno seguro y competitivo donde solo los nodos más confiables mantuvieran la integridad de la red.
BTC Core promueve la descentralización, pero la seguridad real proviene de nodos competitivos, no de una amplia participación.
Demuéstrenme que estoy equivocado.
#Bitcoin
CSW
20 de agosto de 2024
https://x.com/CSWr18714397/status/1825763169312342131?t=nBcgPBa2m8jQY69tNtyUZg&s=19
https://t.me/RamonQuesadaNews/13729
La noción de competencia entre nodos es fundamental para el diseño de Bitcoin. No se trata de una descentralización política, sino de crear una red segura donde los nodos más capaces mantengan la seguridad del sistema.
Al centrarse en las operaciones competitivas de los nodos, Bitcoin garantiza que la red siga siendo segura y resistente. La fortaleza de la red reside en esta competencia, no en ningún concepto político abstracto.
La seguridad de la red de Bitcoin se deriva del hecho de que los operadores de nodos compiten continuamente para validar las transacciones. Esta competencia es fundamental para los principios de un sistema de dinero digital seguro.
El enfoque de Bitcoin, que utiliza la operación competitiva de los nodos, consiste en garantizar que la red siga siendo robusta y segura, en lugar de involucrarse en cualquier forma de descentralización política. Este entorno competitivo es lo que sustenta la fiabilidad de Bitcoin para las transacciones entre pares.
El ideal de descentralización de BTC Core se centra en una distribución generalizada, donde se alienta a muchos participantes a ejecutar nodos. Esta idea a menudo se considera esencial para evitar el control centralizado, lo que refleja la creencia en la participación amplia como medida de protección.
Sin embargo, el diseño original de Bitcoin enfatiza la seguridad de la red a través de la operación competitiva de los nodos, no la participación generalizada. Reconoce que la seguridad se logra al tener los nodos más capaces y competitivos que validen las transacciones, en lugar de simplemente tener muchos nodos.
La paradoja aquí es que mientras BTC Core promueve la descentralización como un modelo amplio e inclusivo, el concepto original de Bitcoin ve la descentralización como un medio para asegurar la red a través de la competencia, no como un fin en sí mismo.
El enfoque de BTC Core corre el riesgo de ineficiencias al centrarse en la participación amplia de los nodos, lo que potencialmente conduce a una red menos robusta. El diseño de Bitcoin, por otro lado, garantiza la eficiencia y la seguridad al alentar la competencia entre un número menor de nodos capaces.
Este contraste subraya una divergencia significativa: el ideal de descentralización de BTC Core prioriza la participación, mientras que el enfoque original de Bitcoin era crear un entorno seguro y competitivo donde solo los nodos más confiables mantuvieran la integridad de la red.
BTC Core promueve la descentralización, pero la seguridad real proviene de nodos competitivos, no de una amplia participación.
Demuéstrenme que estoy equivocado.
#Bitcoin
CSW
20 de agosto de 2024
https://x.com/CSWr18714397/status/1825763169312342131?t=nBcgPBa2m8jQY69tNtyUZg&s=19
https://t.me/RamonQuesadaNews/13729
Simplified Payment Verification (SPV) allows you to verify your Bitcoin transactions without needing to download the entire blockchain. This makes the process more efficient and accessible, especially for lightweight clients like mobile wallets.
With SPV, you don’t need to check everyone else's transactions—just your own. When you send or receive a transaction, you get a Merkle proof that links it to a specific block in the blockchain, confirming its inclusion.
This means you can trust that your transaction is valid without having to process all the other data in the network. SPV leverages the power of the network's miners and the longest chain rule to maintain security.
Instead of every user acting as a full node and verifying the entire blockchain, SPV lets each user focus on their own transactions. This significantly reduces the resources needed for verification.
The beauty of SPV is in its simplicity: it enables efficient transaction verification, allowing you to participate in the Bitcoin network securely without the overhead of managing the full blockchain.
CSW
Aug 21, 2024
https://x.com/CsTominaga/status/1826252514355994774?t=7Ljqvg3px2cfIY9DY1PN-w&s=19
https://t.me/RamonQuesadaNews/13730
With SPV, you don’t need to check everyone else's transactions—just your own. When you send or receive a transaction, you get a Merkle proof that links it to a specific block in the blockchain, confirming its inclusion.
This means you can trust that your transaction is valid without having to process all the other data in the network. SPV leverages the power of the network's miners and the longest chain rule to maintain security.
Instead of every user acting as a full node and verifying the entire blockchain, SPV lets each user focus on their own transactions. This significantly reduces the resources needed for verification.
The beauty of SPV is in its simplicity: it enables efficient transaction verification, allowing you to participate in the Bitcoin network securely without the overhead of managing the full blockchain.
CSW
Aug 21, 2024
https://x.com/CsTominaga/status/1826252514355994774?t=7Ljqvg3px2cfIY9DY1PN-w&s=19
https://t.me/RamonQuesadaNews/13730
X (formerly Twitter)
S Tominaga (@CsTominaga) on X
Simplified Payment Verification (SPV) allows you to verify your Bitcoin transactions without needing to download the entire blockchain. This makes the process more efficient and accessible, especially for lightweight clients like mobile wallets.
La verificación de pago simplificada (SPV) le permite verificar sus transacciones de Bitcoin sin necesidad de descargar toda la cadena de bloques. Esto hace que el proceso sea más eficiente y accesible, especialmente para clientes livianos como las billeteras móviles.
Con SPV, no necesita verificar las transacciones de los demás, solo las suyas. Cuando envía o recibe una transacción, obtiene una prueba de Merkle que la vincula a un bloque específico en la cadena de bloques, lo que confirma su inclusión.
Esto significa que puede confiar en que su transacción es válida sin tener que procesar todos los demás datos en la red. SPV aprovecha el poder de los mineros de la red y la regla de la cadena más larga para mantener la seguridad.
En lugar de que cada usuario actúe como un nodo completo y verifique toda la cadena de bloques, SPV permite que cada usuario se concentre en sus propias transacciones. Esto reduce significativamente los recursos necesarios para la verificación.
La belleza de SPV está en su simplicidad: permite una verificación eficiente de las transacciones, lo que le permite participar en la red de Bitcoin de forma segura sin la sobrecarga de administrar toda la cadena de bloques.
CSW
21 de agosto de 2024
https://x.com/CsTominaga/status/1826252514355994774?t=7Ljqvg3px2cfIY9DY1PN-w&s=19
https://t.me/RamonQuesadaNews/13730
Con SPV, no necesita verificar las transacciones de los demás, solo las suyas. Cuando envía o recibe una transacción, obtiene una prueba de Merkle que la vincula a un bloque específico en la cadena de bloques, lo que confirma su inclusión.
Esto significa que puede confiar en que su transacción es válida sin tener que procesar todos los demás datos en la red. SPV aprovecha el poder de los mineros de la red y la regla de la cadena más larga para mantener la seguridad.
En lugar de que cada usuario actúe como un nodo completo y verifique toda la cadena de bloques, SPV permite que cada usuario se concentre en sus propias transacciones. Esto reduce significativamente los recursos necesarios para la verificación.
La belleza de SPV está en su simplicidad: permite una verificación eficiente de las transacciones, lo que le permite participar en la red de Bitcoin de forma segura sin la sobrecarga de administrar toda la cadena de bloques.
CSW
21 de agosto de 2024
https://x.com/CsTominaga/status/1826252514355994774?t=7Ljqvg3px2cfIY9DY1PN-w&s=19
https://t.me/RamonQuesadaNews/13730
X (formerly Twitter)
S Tominaga (@CsTominaga) on X
Simplified Payment Verification (SPV) allows you to verify your Bitcoin transactions without needing to download the entire blockchain. This makes the process more efficient and accessible, especially for lightweight clients like mobile wallets.
The term "technobabble" is often used to dismiss complex technical language as mere jargon, especially when discussing products that are technically inferior.
When one person supports an inferior product against a highly advanced system, "technobabble" can be used to obscure the lack of true understanding or to make the product seem more advanced than it really is.
this context, it implies that the supporter of the inferior product is masking its deficiencies with impressive-sounding but hollow technical terms.
This use of "technobabble" can create a false equivalence between a genuinely advanced system and a simpler, less effective one, undermining the superior technology.
The person advocating for the advanced system may struggle to communicate its benefits without detailed technical language, which is often misconstrued as "technobabble."
The person advocating for the advanced system may struggle to communicate its benefits without detailed technical language, which is often misconstrued as "technobabble."
This reflects a broader issue where advanced technologies are unfairly criticized or misunderstood due to their complexity, leading to an undervaluation of true innovation.
Ultimately, "technobabble" can be a rhetorical tool to discredit sophisticated technology, reducing it to mere noise, and favoring simpler, though less effective, solutions.
False equivalence is a logical fallacy where two things are inaccurately presented as being equivalent, despite having significant differences. It's often used to make a weaker argument seem equal to a stronger one by downplaying key distinctions.
In the context of blockchain, false equivalence might occur when comparing Bitcoin SV’s TeraNode, capable of scaling to millions of transactions per second, to other blockchains that can only handle a fraction of that capacity.
TeraNode represents a breakthrough in blockchain technology, designed to scale massively and support high transaction volumes, making it fundamentally different from blockchains limited by smaller block sizes and lower throughput.
While other blockchains may claim decentralisation, they often cannot match TeraNode’s ability to process millions of transactions per second, which is critical for real-world applications at scale.
Comparing TeraNode to blockchains with lower capacity without acknowledging this difference is a false equivalence. It overlooks the scalability that sets TeraNode apart as a solution capable of handling global transaction demands.
The scaling of TeraNode to millions of transactions per second allows it to support large-scale applications and enterprise-level solutions, far beyond what most blockchains can achieve, highlighting its advanced technological edge.
When evaluating blockchain solutions, it's crucial to recognize these differences in scalability and capacity, rather than falling into the trap of false equivalence that may obscure the true capabilities of advanced systems like TeraNode.
CSW
Aug 20, 2024
https://x.com/CsTominaga/status/1825768816128950623?t=A64K0uWUpNN-HNZMS9pZeg&s=19
https://t.me/RamonQuesadaNews/13732
When one person supports an inferior product against a highly advanced system, "technobabble" can be used to obscure the lack of true understanding or to make the product seem more advanced than it really is.
this context, it implies that the supporter of the inferior product is masking its deficiencies with impressive-sounding but hollow technical terms.
This use of "technobabble" can create a false equivalence between a genuinely advanced system and a simpler, less effective one, undermining the superior technology.
The person advocating for the advanced system may struggle to communicate its benefits without detailed technical language, which is often misconstrued as "technobabble."
The person advocating for the advanced system may struggle to communicate its benefits without detailed technical language, which is often misconstrued as "technobabble."
This reflects a broader issue where advanced technologies are unfairly criticized or misunderstood due to their complexity, leading to an undervaluation of true innovation.
Ultimately, "technobabble" can be a rhetorical tool to discredit sophisticated technology, reducing it to mere noise, and favoring simpler, though less effective, solutions.
False equivalence is a logical fallacy where two things are inaccurately presented as being equivalent, despite having significant differences. It's often used to make a weaker argument seem equal to a stronger one by downplaying key distinctions.
In the context of blockchain, false equivalence might occur when comparing Bitcoin SV’s TeraNode, capable of scaling to millions of transactions per second, to other blockchains that can only handle a fraction of that capacity.
TeraNode represents a breakthrough in blockchain technology, designed to scale massively and support high transaction volumes, making it fundamentally different from blockchains limited by smaller block sizes and lower throughput.
While other blockchains may claim decentralisation, they often cannot match TeraNode’s ability to process millions of transactions per second, which is critical for real-world applications at scale.
Comparing TeraNode to blockchains with lower capacity without acknowledging this difference is a false equivalence. It overlooks the scalability that sets TeraNode apart as a solution capable of handling global transaction demands.
The scaling of TeraNode to millions of transactions per second allows it to support large-scale applications and enterprise-level solutions, far beyond what most blockchains can achieve, highlighting its advanced technological edge.
When evaluating blockchain solutions, it's crucial to recognize these differences in scalability and capacity, rather than falling into the trap of false equivalence that may obscure the true capabilities of advanced systems like TeraNode.
CSW
Aug 20, 2024
https://x.com/CsTominaga/status/1825768816128950623?t=A64K0uWUpNN-HNZMS9pZeg&s=19
https://t.me/RamonQuesadaNews/13732
X (formerly Twitter)
S Tominaga (@CsTominaga) on X
The term "technobabble" is often used to dismiss complex technical language as mere jargon, especially when discussing products that are technically inferior.
I am asking one of the BTC core "experts" 🐒 to explain how a full node impacts the Bitcoin network, especially in terms of security.
Full nodes are often touted as critical, but when you break down the network’s structure, this claim doesn't seem to hold water.
Let’s start with the network architecture. 'Bitcoin' BTC Core’s network functions as a small world network, where miners (these are mining pools) are densely interconnected.
These miners do not just connect arbitrarily; they form direct connections with one another because it’s economically advantageous.
This tightly-knit structure is crucial for the fast propagation of transaction data and blocks.
The reason these miners connect directly is simple: time is money. In a network where block rewards and transaction fees are the main economic incentives, the speed of communication between miners can make or break profitability.
This need for speed is why miners bypass the slower, less reliable connections of home users and instead, communicate directly with other miners, ensuring they get the latest transaction data first.
Here is where the role of a full node comes into question. If miners are directly communicating and densely connected in a small world network, the propagation of transactions from home users running full nodes has negligible impact.
These nodes do not contribute to the speed or security of the network in any meaningful way because they are not part of this fast-paced, economically-driven communication loop.
Additionally, (so called) full nodes run by home users do not signal or participate in the consensus mechanism that determines which blocks are added to the blockchain.
Since they don’t mine and have no stake in block creation, their "silence" (Aka... lack of participation) has zero effect on the network’s security or transaction processing.
Given these factors, it’s challenging to see how a full node at home plays any significant role in securing the Bitcoin network or influencing transaction propagation.
Perhaps one of the 🐒 BTC core experts could clarify why running a full node is promoted as essential when, in reality, it seems to offer no real impact on the network's function?
CSW
Aug 20, 2024
https://x.com/CsTominaga/status/1825734107650994592?t=dA0uqkN_uFnTkFscs_HlQw&s=19
https://t.me/RamonQuesadaNews/13733
Full nodes are often touted as critical, but when you break down the network’s structure, this claim doesn't seem to hold water.
Let’s start with the network architecture. 'Bitcoin' BTC Core’s network functions as a small world network, where miners (these are mining pools) are densely interconnected.
These miners do not just connect arbitrarily; they form direct connections with one another because it’s economically advantageous.
This tightly-knit structure is crucial for the fast propagation of transaction data and blocks.
The reason these miners connect directly is simple: time is money. In a network where block rewards and transaction fees are the main economic incentives, the speed of communication between miners can make or break profitability.
This need for speed is why miners bypass the slower, less reliable connections of home users and instead, communicate directly with other miners, ensuring they get the latest transaction data first.
Here is where the role of a full node comes into question. If miners are directly communicating and densely connected in a small world network, the propagation of transactions from home users running full nodes has negligible impact.
These nodes do not contribute to the speed or security of the network in any meaningful way because they are not part of this fast-paced, economically-driven communication loop.
Additionally, (so called) full nodes run by home users do not signal or participate in the consensus mechanism that determines which blocks are added to the blockchain.
Since they don’t mine and have no stake in block creation, their "silence" (Aka... lack of participation) has zero effect on the network’s security or transaction processing.
Given these factors, it’s challenging to see how a full node at home plays any significant role in securing the Bitcoin network or influencing transaction propagation.
Perhaps one of the 🐒 BTC core experts could clarify why running a full node is promoted as essential when, in reality, it seems to offer no real impact on the network's function?
CSW
Aug 20, 2024
https://x.com/CsTominaga/status/1825734107650994592?t=dA0uqkN_uFnTkFscs_HlQw&s=19
https://t.me/RamonQuesadaNews/13733
X (formerly Twitter)
S Tominaga (@CsTominaga) on X
I am asking one of the BTC core "experts" 🐒 to explain how a full node impacts the Bitcoin network, especially in terms of security.
Full nodes are often touted as critical, but when you break down the network’s structure, this claim doesn't seem to hold…
Full nodes are often touted as critical, but when you break down the network’s structure, this claim doesn't seem to hold…
The notion of a store of value, rooted in Austrian economic theory, is defined as a commodity that retains its purchasing power over time, enabling the preservation of wealth.
A store of value must exhibit durability, ensuring it doesn't deteriorate and maintains stability over the long term.
Divisibility is key. A commodity must be divisible into smaller units without losing value, facilitating flexible use and exchange.
Portability is crucial. The commodity should be easily transportable, allowing it to be moved without significant loss of value.
Recognisability matters. Individuals must easily verify the commodity’s authenticity and quality, ensuring its value is widely acknowledged.
Scarcity underpins the store of value concept. The commodity must be limited in supply, ensuring it cannot be easily reproduced, thus maintaining its worth.
Finally, market demand is essential. The commodity’s value arises from its acceptance and sustained demand, reflecting subjective preferences in the market.
While both BTC and bitcoin exhibit some of these, neither satisfy all aspects of this and widespread use as a micro payment system is essential if it is ever to become true.
CSW
Aug 22, 2024
https://x.com/CsTominaga/status/1826530202047885816?t=y4d46OE646NrDVyy2AlpkA&s=19
https://t.me/RamonQuesadaNews/13739
A store of value must exhibit durability, ensuring it doesn't deteriorate and maintains stability over the long term.
Divisibility is key. A commodity must be divisible into smaller units without losing value, facilitating flexible use and exchange.
Portability is crucial. The commodity should be easily transportable, allowing it to be moved without significant loss of value.
Recognisability matters. Individuals must easily verify the commodity’s authenticity and quality, ensuring its value is widely acknowledged.
Scarcity underpins the store of value concept. The commodity must be limited in supply, ensuring it cannot be easily reproduced, thus maintaining its worth.
Finally, market demand is essential. The commodity’s value arises from its acceptance and sustained demand, reflecting subjective preferences in the market.
While both BTC and bitcoin exhibit some of these, neither satisfy all aspects of this and widespread use as a micro payment system is essential if it is ever to become true.
CSW
Aug 22, 2024
https://x.com/CsTominaga/status/1826530202047885816?t=y4d46OE646NrDVyy2AlpkA&s=19
https://t.me/RamonQuesadaNews/13739
El concepto de reserva de valor, que tiene sus raíces en la teoría económica austríaca, se define como un producto que conserva su poder adquisitivo a lo largo del tiempo, lo que permite preservar la riqueza.
Un producto debe ser duradero, lo que garantiza que no se deteriore y mantenga su estabilidad a largo plazo.
La divisibilidad es fundamental. Un producto debe ser divisible en unidades más pequeñas sin perder valor, lo que facilita su uso y su intercambio flexibles.
La portabilidad es crucial. El producto debe ser fácilmente transportable, lo que permite moverlo sin una pérdida significativa de valor.
La reconocibilidad es importante. Las personas deben verificar fácilmente la autenticidad y la calidad del producto, lo que garantiza que su valor sea ampliamente reconocido.
La escasez sustenta el concepto de reserva de valor. El producto debe tener una oferta limitada, lo que garantiza que no se pueda reproducir fácilmente, manteniendo así su valor.
Por último, la demanda del mercado es esencial. El valor del producto surge de su aceptación y demanda sostenida, lo que refleja las preferencias subjetivas en el mercado.
Si bien tanto BTC como Bitcoin presentan algunas de estas características, ninguna satisface todos los aspectos de esto y su uso generalizado como sistema de micropagos es esencial para que alguna vez se convierta en realidad.
CSW
22 de agosto de 2024
https://x.com/CsTominaga/status/1826530202047885816?t=y4d46OE646NrDVyy2AlpkA&s=19
https://t.me/RamonQuesadaNews/13739
Un producto debe ser duradero, lo que garantiza que no se deteriore y mantenga su estabilidad a largo plazo.
La divisibilidad es fundamental. Un producto debe ser divisible en unidades más pequeñas sin perder valor, lo que facilita su uso y su intercambio flexibles.
La portabilidad es crucial. El producto debe ser fácilmente transportable, lo que permite moverlo sin una pérdida significativa de valor.
La reconocibilidad es importante. Las personas deben verificar fácilmente la autenticidad y la calidad del producto, lo que garantiza que su valor sea ampliamente reconocido.
La escasez sustenta el concepto de reserva de valor. El producto debe tener una oferta limitada, lo que garantiza que no se pueda reproducir fácilmente, manteniendo así su valor.
Por último, la demanda del mercado es esencial. El valor del producto surge de su aceptación y demanda sostenida, lo que refleja las preferencias subjetivas en el mercado.
Si bien tanto BTC como Bitcoin presentan algunas de estas características, ninguna satisface todos los aspectos de esto y su uso generalizado como sistema de micropagos es esencial para que alguna vez se convierta en realidad.
CSW
22 de agosto de 2024
https://x.com/CsTominaga/status/1826530202047885816?t=y4d46OE646NrDVyy2AlpkA&s=19
https://t.me/RamonQuesadaNews/13739
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The notion of a store of value, rooted in Austrian economic theory, is defined as a commodity that retains its purchasing power over time, enabling the preservation of wealth.
A store of value must exhibit durability, ensuring it doesn't deteriorate and…
A store of value must exhibit durability, ensuring it doesn't deteriorate and…