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your inability to point out where my logic is fallacious and your lil effort to mute me are sadly hilarious. not that much better than an average fiat banker.
you will buy nah•sovereign•diamond at the price you deserve, and i say this with love. sorry for being straight forward but the math is so clear that you gotta be stupid to not see that without nah•sovereign•diamond there will be no hyperbitcoinization.
I am not the person you were replying to here, but I will respond to your challenge of pointing out where your logic is fallacious:
Offering a new token is something that only scammers do. There is no reason to introduce a crypto token to the world if you already have a good idea which can change the world.
Every "utility" token ever created would be better implemented using an SQL database. The only reason people use tokens instead is because they know they can get idiots to buy them, temporarily, before their inevitable crash.
You can do everything you claim to be doing in your original post WITHOUT introducing a new token. The token solves nothing at all, except a way for you to gather more capital to yourself. Sure, you might be doing great things with that capital. Your heart may be in the right place with your mission. But your method of raising capital is not ethical or necessary in order to accomplish your stated goals.
nah is not an "utility token". it's a rune, meaning it is native on the bitcoin timechain.
saying nah is an "utility token" is like saying sat is an "utility token". sat & nah exist because bitcoin itself is not enough. the bitcoin timechain has a unit bias problem and Satoshi Nakamoto struggled to solve it, as shown in the quote at the top of my post. this is just basic knowledge that every bitcoin OG should already know.
in the post, i have provided you with detailed math why sat alone cannot solve the unit bias problem. please kindly read it carefully and verify the math for yourself.
therefore, the bitcoin standard will have to eventually become the satnah standard, otherwise the bitcoin timechain can't be adopted, due to the unit bias problem.
please get your facts straight before you go and try to sound smart.
Get my facts straight? I never claimed "nah" was a utility token. I was using "utility" tokens as an example for why ANY new crypto token is not necessary. And I didn't really get into any details, because it is a long discussion to explain why Bitcoin is enough, and anything else is unnecessary. I was trying to be as brief as possible.
Sats ARE Bitcoin. They aren't some layer on top of Bitcoin that exists because of Bitcoin. They literally ARE Bitcoin.
You are making a million assumptions in your silly "math". Bitcoin does not have a unit bias problem, and the Satoshi quote DOES NOT prove that it does. It only explains why he chose the units he chose at the time.
The price of things will mold to fit the inherent scarcity of Bitcoin (Sats). The reason it appears to have a unit bias problem now is because:
WE HAVE HAD ZERO PRICE DISCOVERY HAPPENING USING BITCOIN AS THE BASE LAYER MONEY.
This is why I'm so negative toward the Bitcoin community. Instead of focusing on fiat macro numbers and NGU, they should be spending their energy on build real circular Bitcoin economies whereby we can START to have price discovery happen.
Currently, there is zero price discovery happening. Instead, we anchor to the fiat values, which we all know are arbitrary and unethical at their core. I cannot understand why more people aren't working harder to facilitate true Bitcoin price discovery for goods and services. This is the real problem Bitcoin has for adoption. Which is to say, it's a problem of will. The current Bitcoiners don't have enough will power or virtue to switch to a more ethical system and endure the short term pain that will come from it.
So, ultimately, I very much object to your claims that Bitcoin has a unit bias problem. Instead, it has a fiat-brained problem. Too much fiat minded individuals holding Bitcoin who aren't using Bitcoin in such a manner to allow the perceived unit-bias to alleviate itself naturally.
lol it's not a problem of will, it's a problem of math.
2 quadrillion is a lot bigger than global money supply of 120 trillion dollars, so if you price everything in sats, prices will mathematically look inflated (14 dollars become 233 sats in the example i used in the OP).
85.3 trillion is slightly smaller than 120 trillion, so if you price everything in nahs, prices will look slightly deflated (14 dollars become 10 nahs).
sat makes life hard for every menu designer out there. that is why we need nah.
the transition to hard money will only happen when bitcoiners can show consumers an unit of account that is psychologically better and easier to communicate than fiat. without a good unit of account, there will be no medium of exchange, and no civilization.
This is so braindead.
Everything is simply supply and demand. Prices move to meet that.
The reason you're having such a hard time with it, is because you keep anchoring to dollars.
Additionally, most Bitcoiners are of the opinion that Bitcoin is base-layer money. Not meant to be used for daily purchases. They reluctantly admit that a fiat-like instrument will have to be used at the 3rd/4th layers where the average person is spending daily. Sats will be used to settle global trade, much like how Fedwire works today.
In otherwords, Bitcoin brings back something that looks like the old free-banking world. This gets us 80% of what Satoshi originally set out to accomplish.
Under such a framework, something like "nah" might be the solution. But it's one solution among 1 million other possible ones. It's premature, and it seems to benefit a few people if adoption of it actually does happen. So, that's a red-flag. More than likely, mSats will do the job. Or some other layer 2/3 solution 40 years down the road. Your claims that "nah" is the only way is incredibly silly.
the world's reserve currency status of an asset always has to be anchored to the one before it for the transition to happen. the dollar was anchored to gold before it became world's reserve currency. bitcoin is now being anchored to dollar. but it is failing to become world's reserve currency because of the unit bias problem i have clearly explained in the OP.
thanks for accepting that nah might be the solution. but saying nah is "one solution among 1 million other possible ones" is like saying bitcoin is "one solution among 1 million other possible ones".
the best and most secured timechain on planet Earth is the bitcoin timechain. there are only two well-designed tokens on the bitcoin timechain: sat & nah. while sats are still being mined (sat's annual inflation rate is currently 0.8%), nah already achieved 0% inflation at its genesis, and is a better unit of account due to its circulating supply being carefully chosen at 85.3 trillion.
"premature"? "benefit only a few people"? less than 10% of world's population own any sat, so the same logic can be said by no-coiner towards sat. "mSats"? most bitcoiners haven't heard of it. "40 years down the road"? i am not gonna wait that long for hyperbitcoinization.
you should re-read my OP. the adoption of nah•sovereign•diamond will lead to not only immediate hyperbitcoinization but also the mass production of lithium-sulfur batteries which will further decentralize bitcoin mining (and make affordable electric vehicles a reality for everyone while we're at it).
a) implying the only possible path to hyperbitcoinization being via your token is absurd and scammy.
b) when I point out that a) is a false dichotomy your retort is to double down on the false dichotomy and tell me I am not thinking.
You aren’t a serious person. I have no reason to waste my time debating with you.
no, you clearly did not read the post and totally misunderstood me.
i said, the only possible path to immediate hyperbitcoinization is the combination of sat & nah, with the nah being the primary unit of account of the bitcoin timechain. sat continues to be the secondary unit of account, since you need sat to pay bitcoin miners to move nah.
it's like back in the day the dual asset standard was gold as the primary unit and silver as the secondary unit. but this time the dual assets are nah•sovereign•diamond & sat-digital-gold. nah is native to the bitcoin timechain, is a better unit of account, and is actually rarer and harder than sat. you just have verify the math for yourself.
the only other path is one where you will have to wait for another ~45 years for global m2 to inflate above $2 quadrillion to match with 2 quadrillion sats, while losing momentum and risking the collapse of society due to fiat debasement, to have another chance at hyperbitcoinization.
and i sure as hell am not waiting. i need hyperbitcoinization, right now. i work on this dual asset standard because i honestly don't see any better path.
You are full of shit.
Fuck off.
and you are just sad. i mean sat, digital gold, lmao.
satnah is honestly a better brand name for bitcoin compared to just sat.
shitcoin parrot.
Another fallacious response. Go argue with a wall. Mute.