>>62333630 There's still gains to be made in BTC if you time the bottom in Q4 this year, but the picobottom-picotop will probably only be a 5x at best. This last run was fucking pathetic and the returns keep diminishing.
Unit of account, money-as-tally-board, is the primary function of money. It is this function that enables economic calculation, it is this function that enforces the game theory of voluntary exchange which frees us from the hobbesian war of all-against-all.
We now have an immortal, incorruptible, trustless, stateless, transparent tally board to ensure all the big, important tallies add up. If the current tally board is fair, then BTC should have a value of zero, if the current tally board is corrupt, BTC will approach Sole Denominator in-the-limit. Is the current tally board fair? Which path are we on?