Block 681995
*Best with music*
I can now announce to the world that I work in the bitcoin industry full time!
I have left the traditional finance world of stocks and bonds, and have moved into the world of Bitcoin. We saw this coming, right? 😅
Let’s talk about Dogecoin though. Dogecoin as of this writing is 67 cents.
The moon, as it’s better known.
Know why I love the moon? Because it sparks new ideas. It gives people the freedom to dream big - that anything can happen. Oh, the possibilities! Remember: the moon was a cultural obsession at one time in America. We were DETERMINED to get to the moon. It does seem we’ve come full circle, doesn’t it?
So while our favorite Shiba Inu cryptocurrency, Dogecoin, is grabbing headlines, I felt it was an appropriate time to visit the subject of “to the moon” valuations and thinking big.
More specifically, what “the moon” actually means.
When we look at value, we usually quote the price of something, but it’s not the whole story. We know when the price of something goes down, its value decreases, and when the price of something goes up, its value increase … or so we think.
Prices reveal the value of a certain good or service to the market participants, but how often do we question what we are pricing things in? Hardly ever, if at all. How often are prices inefficient due to currency capital controls? A lot, I imagine.
Now, if you’ve traveled internationally a lot, you’ve probably gotten some exposure to this, but the broad majority don’t travel abroad, especially now, and don’t get exposure to this “multiple prices” concept often, if at all.
However, the “what we price things in” concept is the untold, but equally as important, part of a price.
That’s what Bitcoin does to you. It rewires your thinking. It opens up your exposure to this “multiple pricing” concept, and the more you start taking note of prices of goods/services IN BTC over months and years, you start to realize this effect in real-time.
Why does that happen? Because government money like the US Dollar, Euro, all other national currencies, and yes, Dogecoin too, have an unlimited supply. With an unlimited supply, the denominator of a price is always increasing.
However, in some sectors, technology growth is so robust that prices even still decrease over time: think computers. That is the natural way of prices in a society undergoing technological advancement.
With Bitcoin though, there are 21 Million. The code instilled a finite supply from the beginning. And its monetary policy is kept intact by its users - a virtuous cycle of reinforcing incentives.
And because bitcoin has a finite supply, and technology advances make things cheaper over time, the prices of almost all things (when priced IN Bitcoin) tend to trend down over time. A stark contrast to our fiat money world we live in today.
That’s when the rabbit hole opens up and you start to ask: What is Money?
So I’ll leave you with a question to ponder on….
As we see record stock prices, soaring home values, commodities climbing ever higher, and Shiba-Inu joke cryptocurrencies eclipsing $100B USD value, ask yourself……
Where IS the moon? In an internet meme cryptocurrency, or maybe, just maybe, it’s the global money supply of the 2020s. How about both?
What to do? It’s simple.
Exchange infinite supply currency for a finite one with no centralized control.
Stack sats - that’s short for satoshis - the smallest denomination of bitcoin = 0.00000001 Bitcoin.
People like Doge for its small unit bias, its “low price,” but Bitcoin has sound fundamentals upon which it can ACTUALLY supplant global government money.
A price that matters in the long run, with the ONLY network decentralization distribution to deliver on its promise.
1 Satoshi is the unit (think dollar). “Sats” are cheaper than Dogecoin, too.
You can get roughly 1100 sats for 1 DOGE. And 1800 sats for 1 Dollar.
A true steal to anyone who’s paying attention.
“So be careful where you look for love.”
Thank you for reading. I wish you well.
-Bap 🕊