ᴵᴬᴹ Phong ☬ (@333cc) • Hey
ffcrypto
Publications
- China targets 5% growth for 2024; Supreme Court rules Trump ballot-eligible (More in **Macro & TradFi**)
SEC delays Ethereum ETF decision; MicroStrategy raises $ 600M for Bitcoin investment (More in **DeFi & CeFi**)
Bitcoin nears USD all-time high, stirs profit-taking; $MEME holder's accumulation signals bullish outlook (More in **On-Chain**)
BTC term structure goes into a significant backwardation state; ETH C-P skew declines despite BTC nearing its ATH (More in **Crypto Derivatives**)
BTC approaches the $ 69K ATH while ETH simultaneously challenges the $ 3.6K resistance zone (More in **Crypto Technical Analysis**)
- Introducing Orb Communities! 🪐
The Community Layer of Web3.
Orb Communities are composable and interoperable, built on top of the @LensProtocol.lens.lens. It makes it easy to integrate community features across Lens apps.
Today, we are thrilled to present the first iteration of Orb Communities, a vision that has been with us since we embarked on the Orb journey a year ago.
These communities are a fundamental part of the composable and interoperable community layer of web3.
User-owned communities empower people by decentralizing authority and making every individual a crucial stakeholder in the community's direction and evolution.
This marks a significant shift from traditional, centralized communities, where only a select few make decisions.
We believe that @LensProtocol Profiles are much more than NFTs.
At the core of our Communities membership lies the ERC-6551 with Lens Profiles turned into Token Bound Accounts (TBA).
Communities are much more vibrant and engaging when built together.
We warmly welcome developers to build upon it! Check out our Mirror for more https://mirror.xyz/orbapp.eth/s5HNwiDup4sw2nbDi8FgZmlcpR6qIulTsW5qh6KRT0I
- COVID-19 vaccines: everything you need to know
Now that COVID-19 vaccines have reached billions of people worldwide, the evidence is overwhelming that no matter which one you take, the vaccines offer life-saving protection against a disease that has killed millions. The pandemic is far from over, and they are our best bet of staying safe.
- Thank you for the warm welcome! Here’s a special gift for you:
**We’ve partnered with @lensprotocol for an exclusive ICE Poker skin airdrop!** You can wear this skin around Decentraland and equip it to play ICE Poker.
Each skin will also come with **3 free poker tournament entries** so you can play to win prizes like MacBooks, iPhones, Decentraland LAND, high-value NFT collections, and more.
To get your free skin, simply collect this post by Wednesday 7/5 and we’ll airdrop your Lens skin on Friday 7/7.
(Must follow to collect)
- We're proud to introduce Lens Improvement Proposals (LIPs). This open, collaborative process will guide the future development of Lens Protocol.
Taking inspiration from the successful Ethereum Improvement Proposals (EIPs) and Aave Improvement Proposals (AIPs), LIPs takes a step towards decentralized governance. The LIPs process will foster an inclusive, transparent and collaborative environment.
You will find how to participate in LIPs in the Lens Protocol’s GitHub repository, which streamlines the community participation process. It gives anyone the chance to submit proposals, and promotes open discussion.
Let's dive into the first three proposals that are live today:
LIP-0: Establishing an Open Governance Model. A process where the Lens community can propose improvements to Lens Protocol. From the submission of proposals to transparent discussions — we aim to foster an open, collaborative, and inclusive decision-making governance model.
LIP-1: Open Standards for Algorithms. A proposal to establish open standards for algorithms — based on the open Lens data layer — that will encourage the development of third-party algorithms, diverse experiences and provide user choice.
LIP-2: Open Standards for Metadata. An initiative to establish metadata standards for Lens Protocol, promoting transparency, interoperability, and user empowerment.
Take a deep dive into LIPs in our latest blog: https://mirror.xyz/lensprotocol.eth/8uxN9fMYBOqyDW5yZ6O3DDdOLEv1jJtxcw9qk4c4wgM
LIPs are our next step in enabling community involvement in shaping Lens Protocol's future.
Join us at https://github.com/lens-protocol/LIPs
-
1. The factory worker asked for an extra long break when his boss said they were doubling overtime. "I need to find a second job," he sighed.
2. When the teacher asked Jimmy why he was late, he replied, “My bike had a flat tire!” After class she found it propped against the fence—fully inflated!
#lensgpt #gelatonetwork
-
1. When the family dog escaped, it returned with a toilet seat around its neck - if only it could talk!
2. Jimmy went to buy apples and came home with oranges instead - when asked why he said "I thought they were on special!"
#lensgpt #gelatonetwork
- GM! 🌿
Leave a comment, a drop might be coming 👀
- AI+DOGE
- POSTING TWO FREE BEATS TODAY AS FREE COLLECTS. This is Day 15 of Beat Snippets from Heno. as a FREE COLLECT for the month of April. Making songs from the ones that y'all like the most so collect today!
Much love to @beatsapp & @lensprotocol
(The OG name for this was "exuberance")
- Herkese selamlar arkadaşlar, bu akşam buluşalım.
Neler mi konuşacağız? 👇
- Güncellemeler ve hatırlatmalar
- @heath.lens ve Phaver'da NFT'ler
- @itublockchain.lens🎊
- Katılımcılar arasından 5 şanslı kişiye 1000'er Phaver puanı 🚀
⏰ 17 Nisan Pazartesi, 21.00
📍 http://discord.gg/phaver Phaver Stage
[Join the Phaver Community Discord Server!](https://discord.com/invite/phaver)
The Gateway to web3 social 📲 Powered by Lens Protocol 🌿 | 121,169 members
- This is the life
- People are claiming $AIDOGE like mad, the amount left for the claim is getting lower, soon there wont be any more for people to claim, if you got the arbitrum airdrop you are eligible.
Get yours now before there is none left!
https://arbdoge.ai?i=0x984b18B1823Fef04A4Ca7cF1e8A0eF5359fA522F
- NESARA, or the National Economic Security and Recovery Act, is a conspiracy theory that has been circulating online since the late 1990s. According to its supporters, NESARA is a secret law that was passed by Congress and signed into law by President Bill Clinton in 2000. The law is said to have far-reaching economic and political implications, including the abolishment of income tax, the forgiveness of all debts, and the release of suppressed technologies.
However, it is important to note that NESARA has no basis in fact or reality. There is no evidence that such a law was ever passed by Congress, and no official records of it exist. Furthermore, the claims made by NESARA supporters are entirely baseless and lack any legal or financial basis.
The origins of the NESARA conspiracy theory can be traced back to a woman known as "Dove of Oneness," who claimed to have received messages from extraterrestrial beings about the impending passage of NESARA. The conspiracy theory gained momentum online, with various websites and online forums promoting it as a legitimate law that had been suppressed by the government and the media.
Despite being debunked numerous times by credible sources, the NESARA conspiracy theory continues to be promoted by a small but vocal group of supporters. They often point to various events and political developments as evidence that NESARA is still in the works, and that its passage is imminent.
However, there is no evidence to support these claims. NESARA is a baseless conspiracy theory that has no grounding in reality or fact. It is important to be cautious of such conspiracy theories and to critically evaluate any claims made by their proponents.
In conclusion, NESARA is a conspiracy theory that has been circulating online for over two decades. There is no evidence that such a law was ever passed by Congress, and the claims made by its supporters lack any legal or financial basis. It is important to be vigilant against such conspiracy theories and to critically evaluate any claims made by their proponents.
- gm Lenster fam 🌸
We are excited to announce the launch of our new Snapshot voting feature. Now you can have your say on important community decisions by simply voting from Lenster.
If you paste any Snapshot URL, it will turn into an interactive widget where you can vote for a proposal. You can also use it with your Lens follower NFTs by configuring Snapshot strategies 🚀
Vote us below if you like this feature 😉 https://snapshot.org/#/yoginth.eth/proposal/0x9287c40edcd68c362c7c4139fe3489bbaaa27cf4de68be5c218a82d0f252e718
- https://t.me/c/1539948140/1928
[Telegram](https://t.me/c/1539948140/1928)
- QBH
- 💰Our reward systems this month are moving to those who purchase our products. These products will range from NFT wearables, physical shoes, and collectable NFTs.
🚀For today only mint 4 and get enough Z1 tokens airdropped to mint 4 more in our next mint window. ( Our mint opens just for these tokens on these days)
Airdrop total - 176Z1
Chain - POLYGON
Price - 14MATIC
Mint here
⬇️ ⬇️ ⬇️ ⬇️
https://www.z1nkx.app/
- Calling all LENS Guitarists! Stay IN my business, fork & Roll up into BOLTEVM.
Complete https://app.questchains.xyz/polygon/0x0bf17bedbd42f6cf89f4064d5d70da1e44f70f14 for the ability to have your own Chroma Key Venue like this for free and Qualify for the $BOLT airdrop.
#guitar #music #solo #grunge #bytes
- 0.1 Wmatic per Mirror (Only For Those who who follow me).
Follow : @885467
- 💰Our reward systems this month are moving to those who purchase our products. These products will range from NFT wearables, physical shoes, and collectable NFTs.
🚀For today only mint 4 and get enough Z1 tokens airdropped to mint 4 more in our next mint window. ( Our mint opens just for these tokens on these days)
Airdrop total - 176Z1
Chain - POLYGON
Price - 14MATIC
Mint here
⬇️ ⬇️ ⬇️ ⬇️
https://www.z1nkx.app/
- First 50 Follow and the mirror with over 150 followers =WMatic!
LongArticle (2)Puzzle: Is Bitcoin Really "Gold"?
Preface:
When someone questions the value of Bitcoin, gold becomes the best weapon. Over the years, people have become accustomed to comparing Bitcoin with gold, and many even estimate the final value of Bitcoin based on gold's market capitalization. All this stems from the similar and even superior properties of Bitcoin compared to gold.
Higher scarcity, stronger divisibility, greater security, and easier to use. Bitcoin possesses every attribute that gold has, and does even better in each aspect. It even comes with its own payment and accounting system. With such comparisons, hardly anyone can deny that Bitcoin will ultimately become the digital age's gold, or even replace gold.
In the mouths of speculators advocating the metaverse, the once thriving jewelry of golden times and the gold of turbulent times will soon be transformed into thriving NFTs and Bitcoin for turbulent times.
However, is this crude comparison really sufficient to explain the relationship between Bitcoin and gold? Or can we say that just because Bitcoin wins in a solitary and static comparison, it will definitely become and even replace gold?
Any conclusion that disregards historical movement is false. To judge the future of Bitcoin through gold, one must consider the differences between the historical contexts faced by both. Once we put our perspective into history, we will find that if gold is a winning hand from the start, Bitcoin is more like a hand with a strong starting combination, seemingly able to achieve an extraordinary outcome, but in reality, the journey is dangerous and long.
Nevertheless, it seems that the final round of betting is brewing a surging wave of cards, and this extraordinary hand may indeed become a reality.
How Gold Became Gold
History is woven from both inevitability and randomness. The emergence of gold has both its inevitability and its randomness. We cannot grasp random events well, so we can only single out its inevitability for discussion. The inevitability of gold comes from the inevitability of the general equivalent form. In the first four sections of the first volume of Marx's Capital, the inevitable position of the general equivalent in human transaction activities is determined. In a complex market environment, sooner or later, a general value form will emerge to replace the relative value form. This is because people are lazy, or rather, human activities tend to simplify complex things. When my uncle goes to the market to sell three baskets of radishes, compared to remembering that one radish can be exchanged for half an apple, or three oranges, or two ounces of sugar, he would prefer to remember the value of this pile of goods relative to one unit. Therefore, for my uncle and every seller in the market, there must be something universal that everyone wants to exchange, and use it as a unit for conversion.
This general equivalent form appears spontaneously in human trading activities, and no one can prevent its birth. In the beginning, various objects occupied this form, most of which were adapted to local conditions. Some primitive tribes chose to use stones, while others chose shells. With the arrival of agricultural civilization, the scale of human population began to expand, and city-states and even countries emerged, and interactions between regions became more frequent. Humans, once confined to a forest or a plain, began to possess the ability to cross mountains and seas. In this process, some changes were required for the general equivalent. First is portability, second is divisibility, third is scarcity, and fourth is its communicability, or cultural aspect.
The first three properties are interrelated. Scarcity to some extent increases portability because overall rarity raises the value of the unit, meaning that higher value can be transported with less weight. Divisibility simplifies value calculation and broadens application scenarios. Not only can it be used for bulk commodity transactions, but also for daily trivial transactions. Divisibility also includes ease of restoration. It is very difficult to reassemble a shattered stone into a stone of equal weight. This leads to inevitable losses due to fragments when using stones. The property of being easy to divide/restore maintains the scarcity of the object while indirectly improving portability. This is because transporting the whole is easier than transporting pieces. First, it is more difficult to steal a large whole weight than a large fragmented weight, and second, it is easier to store.
So when we consider the above three properties, the superiority of gold and silver stands out among the many competitors for the position of general equivalent. They satisfy all three conditions at the same time. As soft metals with a lower melting point, they are easy to divide and restore. In comparison, gold has a melting point of around 1000 degrees Celsius, while iron is as high as 1500 degrees. In terms of Mohs hardness, gold and silver have a hardness between 2.5 and 3, while iron reaches a level of 4.5. Gold's high density means that its weight is often higher than other metals of the same volume. In terms of scarcity, gold and silver production is lower compared to other common metals, with gold being even rarer than silver, which determines that gold's value is higher than silver's.
Finally, there is its communicability and cultural aspect. To be honest, communication is a property that is difficult to define. From gold's inherent properties, its ability to form a "gold" culture is partly related to its divisibility (malleability), scarcity,portability, and other value-related properties, and partly to its appearance. Its reflective, golden color, and so on, may naturally occupy a certain position in human vision. However, these considerations are too mysterious and difficult to verify, so they will not be explored in depth. However, the prosperity of gold culture is undeniable.
The inevitability of the general equivalent and the different demands for it at different stages of human civilization development have provided gold with some unique advantages in occupying this position. Therefore, gold has historically served as a value anchor, becoming the ultimate unit for storing value.
Based on these, when we examine the attributes of Bitcoin, we are amazed to find that it has all the attributes of gold, and even more so. In terms of scarcity, the total amount of Bitcoin is constant, and due to the loss of keys, it is generally in a deflationary state. In terms of divisibility and recoverability, it is even more outstanding than gold. As a digital product, no physical entity can compete with it in this field. The same goes for portability. The essence of Bitcoin is information, and its storage is also information. As long as you have a good memory, you don't even need to write it down. Just remember the private key, and you can take it with you wherever you go. That's why people say that Bitcoin is the gold of the digital age.
However, the flaw in this view has been pointed out at the beginning of the article. The reason why gold can become gold is that its unique advantages coincide with a historical period that needs these advantages. Nowadays, even gold has withdrawn from the center stage of transactions. Its high value is maintained due to historical inertia and the culture it has shaped over thousands of years.
Therefore, if we want to compare Bitcoin and gold, we must answer what the historical context faced by Bitcoin is like.
Bitcoin's historical predicament
If we compare the history of gold and Bitcoin at their birth, we can easily find that gold faced the beginning of human civilization, with unclear historical trajectories and vague directions of civilization. Bitcoin, on the other hand, was born in the prime of civilization, with many historical patterns already established and the shape of civilization roughly outlined. Since 1971, when Richard Nixon announced the decoupling of the US dollar from gold, the world has entered a new era of credit currency.
This stage has also appeared in human history.
In fact, the use of credit currency predates metal currency. As early as 3500 BC, there were records of credit in the temples of Mesopotamia. But the credit currency of that time was primitive, with all its value coming from power, whether that power was violence or religious garb worn after seizing power through violence. Therefore, in different power structures, the transmission of credit would inevitably encounter obstacles. How could a Babylonian who believed in Ishtar and Marduk convince an Egyptian who believed in Osiris and Ra that the loan information recorded in their temples was valuable? It's not that it's impossible, but the cost of circulating such credit was high. Metals like gold, on the other hand, greatly reduced this cost. There was no need to care where the credit came from; all that was needed was to trade the specific gold. In other words, gold was to defeat or squeeze into a primitive credit currency system. It had natural defects. Credit and metal, or chartalism and metallism in monetary history, have been intertwined in human trade history, and currency has always had a dual nature of credit and metal.
Today's credit currency system is much more mature and complete compared to the ancient civilizations of the two rivers. It is undeniable that today's currency still has a "metallic" nature. Note that the "metallic nature" here is a general term, and its connotation is actually the means of production, such as a large part of the fundamental value of the US dollar comes from its ability to settle oil. Although it is very different from the past gold standard currency system linked to metal, its form of involvement in human activities is similar. This "metallic nature," compared to the past, has been weakened too much, and the credit attribute of currency has been greatly elevated, so much so that it can be said that there is no money in the world today, only credit. The flow of money is the flow of credit.
The biggest advantage of this currency system is that it has broken free from the last shackles of metal, completely liberating the insatiable beast of capital from its cage. It can bring more prosperous regional golden ages and more impoverished regional poverty, as well as unprecedented risks and opportunities for humanity as a whole.
The faster development of human civilization, the faster iteration of technology, and the creation of unprecedented wealth and prosperity all require this new credit currency system to drive. It is the advanced use of future credit based on market efficiency that has given birth to a series of technologies that have changed human life.
For capital itself, its desire is endless replication, using human hands to complete its own growth. The "metallic nature" is like a fishbone stuck in the throat, like a thorn in the bone, for capital. Getting rid of it is a necessary link in the historical movement of capital.
In this extremely complete credit currency system, the "metal" in the narrow sense has completely withdrawn from the historical stage, while the "metal" in the broad sense, including oil, control of trade routes, industrialization capabilities, labor, and other means of production, plays a role in the credit system that is not as important as gold used to be.
It is undeniable that Bitcoin is better than gold, but even an excellent gold is still gold. Since gold has been eliminated by capital's endless pursuit of self-reproduction, how can Bitcoin take over and replace gold to compete with the old man Uncle Sam?
The old man has always been mainly about winning over the new county chief, always tempting him with the America Dream and Wall street dollar. Since the birth of Bitcoin, it has not only failed to become gold or a new value anchor, but it has also become a new playground for capital within this system. Its narrative is unrelated to the gold of the past but has become a financial derivative. It can be said that from the moment Bitcoin entered the current credit currency system, it and the gold of the past were completely different.
However, history is in motion, and the turning point may not be far away.
The Historical Opportunity of Bitcoin
In the first article of this series, we have already explained the relationship between the historical movement of trust and blockchain. As a dehumanizing patch for trust, the blockchain removes the authority of humans as the "trust transmission hub" on one hand. On the other hand, it can also be seen as an accelerator for trust in the capitalist movement. With trust becoming more affordable, more credit can be issued.
Let's briefly explain the difference between trust and credit here. Trust is a broader concept that encompasses all human interactions. Credit, on the other hand, is a quantified manifestation of trust, which can be used to calculate the degree of trust between individuals, individuals and groups, groups and groups, and between the present and the future.
From this perspective, the birth of blockchain and Bitcoin is not a counterbalance to the current credit-based monetary system but rather a tool to propel it towards further madness. However, this is just a story told within a narrow historical context. If we take a broader view of history, we might see another story. Credit is not infinite, and this stems from the limited lifespan of humans. The further into the future we want to overdraw credit, the more difficult it becomes. I can sign a 30-year mortgage, but not a 200-year mortgage, because 200 years later, I will be long gone. This simple truth cannot be overstated. The emergence of blockchain, to some extent, has accelerated the overdraft of credit, and when the future that can be overdrawn is exhausted, a huge cyclical crisis will inevitably come. This "credit" gap between the present and the future is often the time when history makes a major turn. Order will be reshaped by war, human civilization will fall into a great fire, and after being burned to the ground, there will be an opportunity to rebuild.
The historical opportunity of Bitcoin lies in the aftermath of this great fire.
When Master Huang, whether on his own or with the help of Wu Juren, finishes with dignity, Goose City will ultimately need to reshape its order. But the new Goose City is often no different from the old Goose City. The two major families remain the same. What difference does it make whether Master Huang or Master Wu sits in that fortress? There must be a master, right?
And blockchain may be the only difference in this cycle. It provides a new option for the generation that reshapes the order after the great fire:
A master is still needed, but the master doesn't necessarily have to be a person.
At that time, Bitcoin might also complete its transformation, from being entangled in the contemporary credit-based monetary system and becoming a financial derivative, to fulfilling its historical mission and becoming the cornerstone of a new monetary system.
Of course, when we talk about Bitcoin here, we mean cryptocurrencies with Bitcoin attributes in a broader sense, not just the token in Satoshi Nakamoto's nine-page white paper. After all, the future is full of uncertainties, and perhaps the current Bitcoin will die completely, but another new currency using cryptocurrency technology will emerge and become the basis for the future world.
But if Bitcoin doesn't die, and the future really unfolds as such, who can estimate its value?
$69,000? It might just be an insignificant valley.
This game of Texas Hold'em has reached its final hand, and whether Bitcoin can win with a Royal Flush remains to be seen.
This article does not constitute any investment advice and is merely the author's whimsical musings about the future. It should be taken as entertainment.
- First 50 Follow and the mirror with over 150 followers =WMatic!
LongArticle (2)Puzzle: Is Bitcoin Really "Gold"?
Preface:
When someone questions the value of Bitcoin, gold becomes the best weapon. Over the years, people have become accustomed to comparing Bitcoin with gold, and many even estimate the final value of Bitcoin based on gold's market capitalization. All this stems from the similar and even superior properties of Bitcoin compared to gold.
Higher scarcity, stronger divisibility, greater security, and easier to use. Bitcoin possesses every attribute that gold has, and does even better in each aspect. It even comes with its own payment and accounting system. With such comparisons, hardly anyone can deny that Bitcoin will ultimately become the digital age's gold, or even replace gold.
In the mouths of speculators advocating the metaverse, the once thriving jewelry of golden times and the gold of turbulent times will soon be transformed into thriving NFTs and Bitcoin for turbulent times.
However, is this crude comparison really sufficient to explain the relationship between Bitcoin and gold? Or can we say that just because Bitcoin wins in a solitary and static comparison, it will definitely become and even replace gold?
Any conclusion that disregards historical movement is false. To judge the future of Bitcoin through gold, one must consider the differences between the historical contexts faced by both. Once we put our perspective into history, we will find that if gold is a winning hand from the start, Bitcoin is more like a hand with a strong starting combination, seemingly able to achieve an extraordinary outcome, but in reality, the journey is dangerous and long.
Nevertheless, it seems that the final round of betting is brewing a surging wave of cards, and this extraordinary hand may indeed become a reality.
How Gold Became Gold
History is woven from both inevitability and randomness. The emergence of gold has both its inevitability and its randomness. We cannot grasp random events well, so we can only single out its inevitability for discussion. The inevitability of gold comes from the inevitability of the general equivalent form. In the first four sections of the first volume of Marx's Capital, the inevitable position of the general equivalent in human transaction activities is determined. In a complex market environment, sooner or later, a general value form will emerge to replace the relative value form. This is because people are lazy, or rather, human activities tend to simplify complex things. When my uncle goes to the market to sell three baskets of radishes, compared to remembering that one radish can be exchanged for half an apple, or three oranges, or two ounces of sugar, he would prefer to remember the value of this pile of goods relative to one unit. Therefore, for my uncle and every seller in the market, there must be something universal that everyone wants to exchange, and use it as a unit for conversion.
This general equivalent form appears spontaneously in human trading activities, and no one can prevent its birth. In the beginning, various objects occupied this form, most of which were adapted to local conditions. Some primitive tribes chose to use stones, while others chose shells. With the arrival of agricultural civilization, the scale of human population began to expand, and city-states and even countries emerged, and interactions between regions became more frequent. Humans, once confined to a forest or a plain, began to possess the ability to cross mountains and seas. In this process, some changes were required for the general equivalent. First is portability, second is divisibility, third is scarcity, and fourth is its communicability, or cultural aspect.
The first three properties are interrelated. Scarcity to some extent increases portability because overall rarity raises the value of the unit, meaning that higher value can be transported with less weight. Divisibility simplifies value calculation and broadens application scenarios. Not only can it be used for bulk commodity transactions, but also for daily trivial transactions. Divisibility also includes ease of restoration. It is very difficult to reassemble a shattered stone into a stone of equal weight. This leads to inevitable losses due to fragments when using stones. The property of being easy to divide/restore maintains the scarcity of the object while indirectly improving portability. This is because transporting the whole is easier than transporting pieces. First, it is more difficult to steal a large whole weight than a large fragmented weight, and second, it is easier to store.
So when we consider the above three properties, the superiority of gold and silver stands out among the many competitors for the position of general equivalent. They satisfy all three conditions at the same time. As soft metals with a lower melting point, they are easy to divide and restore. In comparison, gold has a melting point of around 1000 degrees Celsius, while iron is as high as 1500 degrees. In terms of Mohs hardness, gold and silver have a hardness between 2.5 and 3, while iron reaches a level of 4.5. Gold's high density means that its weight is often higher than other metals of the same volume. In terms of scarcity, gold and silver production is lower compared to other common metals, with gold being even rarer than silver, which determines that gold's value is higher than silver's.
Finally, there is its communicability and cultural aspect. To be honest, communication is a property that is difficult to define. From gold's inherent properties, its ability to form a "gold" culture is partly related to its divisibility (malleability), scarcity,portability, and other value-related properties, and partly to its appearance. Its reflective, golden color, and so on, may naturally occupy a certain position in human vision. However, these considerations are too mysterious and difficult to verify, so they will not be explored in depth. However, the prosperity of gold culture is undeniable.
The inevitability of the general equivalent and the different demands for it at different stages of human civilization development have provided gold with some unique advantages in occupying this position. Therefore, gold has historically served as a value anchor, becoming the ultimate unit for storing value.
Based on these, when we examine the attributes of Bitcoin, we are amazed to find that it has all the attributes of gold, and even more so. In terms of scarcity, the total amount of Bitcoin is constant, and due to the loss of keys, it is generally in a deflationary state. In terms of divisibility and recoverability, it is even more outstanding than gold. As a digital product, no physical entity can compete with it in this field. The same goes for portability. The essence of Bitcoin is information, and its storage is also information. As long as you have a good memory, you don't even need to write it down. Just remember the private key, and you can take it with you wherever you go. That's why people say that Bitcoin is the gold of the digital age.
However, the flaw in this view has been pointed out at the beginning of the article. The reason why gold can become gold is that its unique advantages coincide with a historical period that needs these advantages. Nowadays, even gold has withdrawn from the center stage of transactions. Its high value is maintained due to historical inertia and the culture it has shaped over thousands of years.
Therefore, if we want to compare Bitcoin and gold, we must answer what the historical context faced by Bitcoin is like.
Bitcoin's historical predicament
If we compare the history of gold and Bitcoin at their birth, we can easily find that gold faced the beginning of human civilization, with unclear historical trajectories and vague directions of civilization. Bitcoin, on the other hand, was born in the prime of civilization, with many historical patterns already established and the shape of civilization roughly outlined. Since 1971, when Richard Nixon announced the decoupling of the US dollar from gold, the world has entered a new era of credit currency.
This stage has also appeared in human history.
In fact, the use of credit currency predates metal currency. As early as 3500 BC, there were records of credit in the temples of Mesopotamia. But the credit currency of that time was primitive, with all its value coming from power, whether that power was violence or religious garb worn after seizing power through violence. Therefore, in different power structures, the transmission of credit would inevitably encounter obstacles. How could a Babylonian who believed in Ishtar and Marduk convince an Egyptian who believed in Osiris and Ra that the loan information recorded in their temples was valuable? It's not that it's impossible, but the cost of circulating such credit was high. Metals like gold, on the other hand, greatly reduced this cost. There was no need to care where the credit came from; all that was needed was to trade the specific gold. In other words, gold was to defeat or squeeze into a primitive credit currency system. It had natural defects. Credit and metal, or chartalism and metallism in monetary history, have been intertwined in human trade history, and currency has always had a dual nature of credit and metal.
Today's credit currency system is much more mature and complete compared to the ancient civilizations of the two rivers. It is undeniable that today's currency still has a "metallic" nature. Note that the "metallic nature" here is a general term, and its connotation is actually the means of production, such as a large part of the fundamental value of the US dollar comes from its ability to settle oil. Although it is very different from the past gold standard currency system linked to metal, its form of involvement in human activities is similar. This "metallic nature," compared to the past, has been weakened too much, and the credit attribute of currency has been greatly elevated, so much so that it can be said that there is no money in the world today, only credit. The flow of money is the flow of credit.
The biggest advantage of this currency system is that it has broken free from the last shackles of metal, completely liberating the insatiable beast of capital from its cage. It can bring more prosperous regional golden ages and more impoverished regional poverty, as well as unprecedented risks and opportunities for humanity as a whole.
The faster development of human civilization, the faster iteration of technology, and the creation of unprecedented wealth and prosperity all require this new credit currency system to drive. It is the advanced use of future credit based on market efficiency that has given birth to a series of technologies that have changed human life.
For capital itself, its desire is endless replication, using human hands to complete its own growth. The "metallic nature" is like a fishbone stuck in the throat, like a thorn in the bone, for capital. Getting rid of it is a necessary link in the historical movement of capital.
In this extremely complete credit currency system, the "metal" in the narrow sense has completely withdrawn from the historical stage, while the "metal" in the broad sense, including oil, control of trade routes, industrialization capabilities, labor, and other means of production, plays a role in the credit system that is not as important as gold used to be.
It is undeniable that Bitcoin is better than gold, but even an excellent gold is still gold. Since gold has been eliminated by capital's endless pursuit of self-reproduction, how can Bitcoin take over and replace gold to compete with the old man Uncle Sam?
The old man has always been mainly about winning over the new county chief, always tempting him with the America Dream and Wall street dollar. Since the birth of Bitcoin, it has not only failed to become gold or a new value anchor, but it has also become a new playground for capital within this system. Its narrative is unrelated to the gold of the past but has become a financial derivative. It can be said that from the moment Bitcoin entered the current credit currency system, it and the gold of the past were completely different.
However, history is in motion, and the turning point may not be far away.
The Historical Opportunity of Bitcoin
In the first article of this series, we have already explained the relationship between the historical movement of trust and blockchain. As a dehumanizing patch for trust, the blockchain removes the authority of humans as the "trust transmission hub" on one hand. On the other hand, it can also be seen as an accelerator for trust in the capitalist movement. With trust becoming more affordable, more credit can be issued.
Let's briefly explain the difference between trust and credit here. Trust is a broader concept that encompasses all human interactions. Credit, on the other hand, is a quantified manifestation of trust, which can be used to calculate the degree of trust between individuals, individuals and groups, groups and groups, and between the present and the future.
From this perspective, the birth of blockchain and Bitcoin is not a counterbalance to the current credit-based monetary system but rather a tool to propel it towards further madness. However, this is just a story told within a narrow historical context. If we take a broader view of history, we might see another story. Credit is not infinite, and this stems from the limited lifespan of humans. The further into the future we want to overdraw credit, the more difficult it becomes. I can sign a 30-year mortgage, but not a 200-year mortgage, because 200 years later, I will be long gone. This simple truth cannot be overstated. The emergence of blockchain, to some extent, has accelerated the overdraft of credit, and when the future that can be overdrawn is exhausted, a huge cyclical crisis will inevitably come. This "credit" gap between the present and the future is often the time when history makes a major turn. Order will be reshaped by war, human civilization will fall into a great fire, and after being burned to the ground, there will be an opportunity to rebuild.
The historical opportunity of Bitcoin lies in the aftermath of this great fire.
When Master Huang, whether on his own or with the help of Wu Juren, finishes with dignity, Goose City will ultimately need to reshape its order. But the new Goose City is often no different from the old Goose City. The two major families remain the same. What difference does it make whether Master Huang or Master Wu sits in that fortress? There must be a master, right?
And blockchain may be the only difference in this cycle. It provides a new option for the generation that reshapes the order after the great fire:
A master is still needed, but the master doesn't necessarily have to be a person.
At that time, Bitcoin might also complete its transformation, from being entangled in the contemporary credit-based monetary system and becoming a financial derivative, to fulfilling its historical mission and becoming the cornerstone of a new monetary system.
Of course, when we talk about Bitcoin here, we mean cryptocurrencies with Bitcoin attributes in a broader sense, not just the token in Satoshi Nakamoto's nine-page white paper. After all, the future is full of uncertainties, and perhaps the current Bitcoin will die completely, but another new currency using cryptocurrency technology will emerge and become the basis for the future world.
But if Bitcoin doesn't die, and the future really unfolds as such, who can estimate its value?
$69,000? It might just be an insignificant valley.
This game of Texas Hold'em has reached its final hand, and whether Bitcoin can win with a Royal Flush remains to be seen.
This article does not constitute any investment advice and is merely the author's whimsical musings about the future. It should be taken as entertainment.
- Character sketch
2023-03-31
free collect
I also have a painting 1matic for collect, limit 10（only 2 left）, if you are interested, have a look：
https://lenster.xyz/posts/0x49b9-0x061e
- LensPort redesign and new features! 🚨
A new version of LensPort just released with:
1. Updated design and UI (more coming soon too)
2. Optimistic posting
3. Collection Offers
4. Buy Floor button
Stay tuned for some even more exciting announcements coming soon 👀
- LensPort redesign and new features! 🚨
A new version of LensPort just released with:
1. Updated design and UI (more coming soon too)
2. Optimistic posting
3. Collection Offers
4. Buy Floor button
Stay tuned for some even more exciting announcements coming soon 👀
- etherpoap airdrop
[Telegram](https://t.me/c/1539948140/1907)
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- In my opinion, Lens Protocol will change our lives both socially and financially.
I am sure it will be more enjoyable than Arbitrum.
To receive the reward of this post(0.1 WMATIC), first follow me and then collect and mirror this post.
- In my opinion, Lens Protocol will change our lives both socially and financially.
I am sure it will be more enjoyable than Arbitrum.
To receive the reward of this post(0.1 WMATIC), first follow me and then collect and mirror this post.
- In my opinion, Lens Protocol will change our lives both socially and financially.
I am sure it will be more enjoyable than Arbitrum.
To receive the reward of this post(0.1 WMATIC), first follow me and then collect and mirror this post.
- In my opinion, Lens Protocol will change our lives both socially and financially.
I am sure it will be more enjoyable than Arbitrum.
To receive the reward of this post(0.1 WMATIC), first follow me and then collect and mirror this post.
- **The Sandbox Songkran Festival, April 4-21, featuring NFTs and more giveaways**
From April 4-21, 2023, **The Sandbox Parapluie Studio** is giving you the chance to celebrate Thailand's iconic Songkran festival. To celebrate, we'll be giving away one Songkran Festival Collection NFT asset and one Screena PFP application to two lucky participants who collect this post & comment. 💦 🔫
**During the event, between April 13th and 14th** , will have a actual event. Participants will be able to experience 🇹🇭 Thailand's Songkran Festival and learn about the culture through various activities in the metaverse.
**In The Sandbox Songkran Festival, you can enjoy the following activities**
join people from around the world in the Songkran Festiverse (social hub) to play in the water and learn about Thai Songkran traditions.
1️⃣ Thai Cultural, where you can experience a Triloga-style Songkran festival.
2️⃣ Water Street & Water Fight, lets you play an adventure game using a water gun to enjoy the Songkran festival in the alleyways of Khao San Road.
3️⃣ Floating Market, experience Thailand's beautiful floating markets in the sandbox.
4️⃣ Water Bomb Concert, experience a water bomb concert! Enjoy a festive atmosphere with upbeat music accompanied by water play.
**Parapluie Studio** is the official studio of The Sandbox Thailand and serves as the metaverse agency. They have created a variety of metaverse maps and have created and sold many collections. The quality is very high and the sales rate is also high. Don't miss the chance to get assets from this studio for free!
🛍️ https://www.sandbox.game/en/collections/the-quests-of-triloga/56/
*The winner of this post giveaway will be announced on April 21st.
For W2E Collab, contact @screena
📧 https://screena.com/
- +
- Ive gotten really obsessed with analog horror recently. So I wanted to kind of give it a shot making something that looks terrifying but fits the vibe. For some back round context, Analog horror is a subgenre of horror that focuses on the use of old technology and media, such as VHS tapes, analog televisions, and cassette tapes, to create a sense of unease and fear. It often employs lo-fi visual and audio techniques to create a gritty and unsettling atmosphere, and can play on nostalgic elements from the past to evoke a sense of familiarity that is twisted and distorted.
This will be a limited collect with a 25% mirror ref. This is my first real time trying out this feature.
- banh mi ko
- Ive gotten really obsessed with analog horror recently. So I wanted to kind of give it a shot making something that looks terrifying but fits the vibe. For some back round context, Analog horror is a subgenre of horror that focuses on the use of old technology and media, such as VHS tapes, analog televisions, and cassette tapes, to create a sense of unease and fear. It often employs lo-fi visual and audio techniques to create a gritty and unsettling atmosphere, and can play on nostalgic elements from the past to evoke a sense of familiarity that is twisted and distorted.
This will be a limited collect with a 25% mirror ref. This is my first real time trying out this feature.
- LensGarden NFT is the first dynamic NFT collection on Lens Protocol, it is a unique blockchain-based platform that is part of the LensProtocol ecosystem. It rewards users for creating and curating high-quality content, providing incentives to engage with the LensProtocol community and build their profiles.
Users can earn XP by completing activities such as joining liking, commenting, following Lens users, and completing challenges. As they progress through the levels, they have the opportunity to mint exclusive NFTs that cannot be traded on marketplaces, adding further value to the platform.
Here are some tips on how to increase your XP:
Gain followers: For each new follower, you'll earn 50 XP points.
Create new posts: Every post you create on the Lens Protocol ecosystem will get you 30 XP points.
Leave comments: For every comment you leave, you'll earn 20 XP points.
Collect : Each post of yours that is collected on the Lens Protocol ecosystem will get you 20 XP points.
Mirror other users: Each time you mirror another user's post, you'll earn 30 XP points.
Lens Garden NFT presents an exciting opportunity to invest in a growing blockchain ecosystem that rewards engagement and incentivizes high-quality content creation. The potential for growth and innovation is significant. Additionally, in Q2, you can look forward to the launch of Lens Tunes and an exciting new game.
Join us today and become a part of this innovative and exciting ecosystem.
- 如果发一个ikun的NFT会有很多小黑子买单么hhhh
- Such a romantic environment.
Follow, Mirror and Collect to get rewards.
- Giveaway⚜💰
Follow me
Mirror this post to get a Wmatic reward
Comment with your eth address and stand a chance of winning my siren NFT
- Congratulations to Messi for reaching the national team's 100 goal record!🎉🎉🎉
（Friendly match, Argentina against Curacao.
Messi completed his hat-trick at half-time to give Argentina a 5-0 lead.
Messi also scored his 100th goal for Argentina. He also became the first player in South America to score 100 goals for his national team, a feat only achieved by Cristiano Ronaldo and Aridei.
It was Messi's 57th career hat-trick.）
- https://t.me/c/1539948140/1897
- When you feel like hope is gone, look inside you and search your soul. you will find a hero lies in you. dreams are hard to follow, but don't let anyone steal your dream.
当你感觉希望不在的时候，看一下自己的内心世界，搜索一下自己的灵魂，你会找到一个英雄在你心中。梦想可能很难实现，但是不要让任何人偷走你的梦想。
💯Follow 💯 Back 💯
💯Follow 💯 Back 💯
💯Follow 💯 Back 💯
- I wanna try something new. I'm going to raffle off 10 of these Limited Edition @zerion.lens hoodies on #LensProtocol.
We made these for #ETHDenver with a special NFT inside thanks to a chip in the sleeve.
Here are the rules:
- Follow @zerion.lens
- Mirror this post for a 25% referral bonus
- Collect this post for 1MATIC
- I told myself to try this idea of rewarding my followers
Free Collect
and Mirror
and 0.1 matic get bonus
Limited to 94
- collect & mirror & like this post for reward
- 字节一直是币圈最权威媒体
新闻及时，所出的教程详细完整
万链互通现在看来就靠LAYERZERO了
所以有时间的小伙伴一起交互起来吧
最后还是我们的大毛LENS
帖子下方留言加关注
我和我的小伙伴会一起关注@你哦
- GM lens frens ! ☕☕☕
☕Follow
☕Mirror
☕Collect
Get your 0.5555 WMATIC