MarylandHODL #BIP-110 (aka The Transition)
@MarylandHODL21 • 16,509 subscribers
Bitcoin structured instruments are the financial innovation that will reshape incentives for the next monetary system. I explore this through OTCE.
Videos
Gold is an entirely separate discussion. It’s a geopolitical collateral play. Peter Dunworth frames it perfectly: “The world doesn’t have a debt problem, it has a collateral problem.” - His recent Podcast with Marty Bent and TFTC was brilliant. The East is recapitalizing around gold. The West appears to be positioning itself around Bitcoin, with stablecoins becoming the liquidity layer capable of bypassing capital controls. If you read my pinned tweet, you’ll see how these pieces ultimately fit together. If this thesis is right (and the USD can remain relatively stable versus other fiats) then the digital USD becomes the world’s transactional currency, while Bitcoin becomes the primary inflation-capture asset, not RE or equities. (Side note: this is the beauty of the whole arrangement. The individual (anywhere on earth) suddenly becomes equal to the sovereign. They can transact in a relatively stable USD (backed in part by BTC), but frictionlessly store their savings in Bitcoin, the very asset that benefits from the sovereign flywheel. It truly changes the economic foundation of society and starts ethical feedback loops across the board. So why does this matter? Because if the administration can negotiate even a 1% Bitcoin allocation during the Mar-a-Lago Accords, Bitcoin’s monetary properties will naturally begin to demonetize gold. Dave W broke down these differences brilliantly in clips from last week. What we’re witnessing is a dual contest of power… an external East-West realignment, and an even more consequential internal struggle unfolding inside the United States right now.
Maryland HODL (BitBonds = Structural Innovation)30,377 Aufrufe • vor 8 Monaten
When people talk about Bitcoin, they usually anchor the conversation to price, halving & liquidity cycles, ETF flows, short-term volatility. But that mindset is far too limited. While price is signal, its short term variations are meaningless. Grant Cardone If we genuinely want to understand where Bitcoin can go, we have to stop fixating on price entirely and shift toward TAM (Total Addressable Market). Not TAM in a linear sense, but TAM in a cubed sense. This is where Peter Dunworth framework is so powerful. Instead of treating Bitcoin as an asset that competes in one market, he forces us to recognize that Bitcoin is simultaneously disrupting and replacing three of the most fundamental monetary domains: •store of value, •medium of exchange, and •unit of account. Put together, this is the worlds first “triple point asset”, or what you could call money cubed - a monetary technology that compounds across all three functions at once. And once you understand that framing, the conversation shifts from short-term price movements to the structure of the global financial system and the total markets Bitcoin is absorbing. Dunworth walks through those mechanics with absolute clarity. He illustrates how a fixed-issuance monetary network interacts with a world built on constantly expanding economic activity. When global settlement flows and monetary throughput collide with an asset whose supply schedule is permanently capped, the system is forced to revalue itself to handle that load. It’s a simple but profound dynamic: increasing global demand flowing through a monetary base that cannot expand. The result isn’t a forecast; it’s the natural economic physics of a system that cannot inflate to absorb growth, and therefore must reprice to accommodate it. This is how TAM compounds in an exponential, not linear, way… and why thinking in terms of “price targets” misses the entire point. And if it takes 30 or 40 years for this transition to unfold, that still aligns with the broader monetary reality. Fiat currencies will continue to debase, global economic output will keep expanding, and Bitcoin will remain the one monetary instrument whose supply is perfectly fixed. At some point, we have to place a net present value on all future economic activity being denominated, settled, or stored in a system that cannot be diluted. That is the essence of Dunworth’s framework: Don’t focus on numbers. Don’t obsess over timelines. Focus on the mechanics, the TAM, and the triple-layered monetary disruption. Because once you see Bitcoin as money to the third power (a store of value, medium of exchange, and unit of account all compounding together) the future valuation isn’t a prediction. It’ a logical endpoint of how the protocol is built.
MarylandHODL #BIP-110 (aka The Transition)10,573 Aufrufe • vor 8 Monaten
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