MV

Positive-Might1506

>When using wallet policy (output descriptor) accounts, one can verify all details during registration and also when receiving/sending. We should backport this behavior for regular multisig accounts as well. What I meant to say is that on the bitbox which i have tried I can not verify that it is using the xpubs of the wallets in my multisig quorum AFTER registration (this can be done on the CC for example). So after the initial registration of the quorum you have to trust the device is using your xpubs to get receive adresses. If you could double check after registration that yes these 3 xpubs are saved on the device it would make someone like me rest easier. I hope that this makes sense. > none of them had anything to do with the USB stack vs airgap, and airgapped wallets suffered from multiple critical vulnerabilities as well This is a good defence saying that no attack/ bug has been able to exploit the usb directly and I agree with you here. However, im not sure if I am remembering correctly but back with the bitbox01 the firmware forgot to use the SE so in an environment where you are plugged directly to a hot device and your firmware is not treating the SE properly you are royally screwed. At the very least an airgap would slow this down (please forgive me if i am wrong about this i am going off my memory and this was a long time ago). In addition, the fact that nothing has exploited the usb interface has not occurred does not mean that using an airgap is more secure. For example with the bitbox when doing a software update there is little I can do to verify the firmware other than verifying the APP itself and hoping it is doing things correctly. I know that there is a python method but i am not familiar with it. However with an airgap mode you can take the extra step to verify that the data you are transmitting to the device is something you verify as coming from a source you trust. There is a great deal of security there. This does not just go for software updates but for any data being transmitted. The common argument against this is that QRs are not human readable and the microsd has a microchip etc but it is still better in my opinion to be in control of whether any data gets transmitted between devices at all. And I personally wouldn't use the bitbox in a singlesig for the reasons outlined here. (i have more point that i could convey better if i spent some more time to think but this is just off cuff) >implementing important mitigations like anti-exfil ([https://darkskippy.com/](https://darkskippy.com/)). Tbh I see dark skippy as more of a band aid rather than a proper solution because you are just offloading a core responsibility of the HWW to the software and this does not set a good precedent. The responsibility of the HWW is to execute all of it's core functions independently acting as a beacon of truth, the moment you add this additional variable means that you now have to trust that the HWW is acting good alongside the coordinator, this is an increase in complexity not for the end user but for the security model itself. The best ways to mitigate these nonce attacks are MV multisig because chances are that if you can compromise the firmware in the first place the first thing the attacker would do is utilise that juicy USB exit door. Also you have RFC6979 so that makes nonce gen per TX repeatable so you could just verify the sig on another compatible HWW of another vendor. I think this method is better that anti klepto because at least you can verify both HWWs code and if the produce the same outputs you can be quite sure that things are sunning properly. But with anti klepto you have to pray to the gods that whatever is happening **behind the scenes** has worked and that you dont get rugged down the line.

FormulaTom

[Like this probably](https://i.giphy.com/media/v1.Y2lkPTc5MGI3NjExYzV2cWl5Y3R2M2l6ZjVqZmYwZHgxNm1qZTlraHlpcHpjdHJ1c2U3eSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/NmerZ36iBkmKk/giphy.gif)

CrustyBus77

[He bankrupted a casino!](https://i.giphy.com/media/v1.Y2lkPTc5MGI3NjExcmE4bTNlNzc0Y3QzaTZvYnEwOW1pdGxqZjBoem83dmJjZnY0bWdyaSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/H47XFX8I6mdstTlGHY/giphy.gif) You LOVE Trump!

CrustyBus77

[Best Bros!](https://i.giphy.com/media/v1.Y2lkPTc5MGI3NjExcmE4bTNlNzc0Y3QzaTZvYnEwOW1pdGxqZjBoem83dmJjZnY0bWdyaSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/H47XFX8I6mdstTlGHY/giphy.gif)

DeoVeritati

Sure, there is an equation MV=PY. M=money supply, V=velocity of money, P=price of goods, Y=economic output. (PY can also be considered your GDP). If money supply goes up and everything else is constant but price of goods, the price of goods must go up. However, your output changes your supply and affects the price. So a scenario would be like $10 can by 2 widgets. Money Supply goes up 10%, so I should expect it to cost $11 to buy 2 widgets now. However, Widget Inc, has found they can manufacture twice as many widgets with their new advancements, so now you can buy 4 widgets for the cost of $11, so the $/widget has gone down even though money supply went up.

DeoVeritati

Inflation is not an increase in money supply per the quantity theory of money. It is only one part of the equation (MV=PY).

DeoVeritati

I agree it is a huge part of the equation, specifically MV=PY where M is Money Supply, V is the velocity of money, P is the price index for a given supply of goods, and Y is the amount of output. So if supply goes up and commerce stays constant (which it should steadily go up with population growth), then PY must go up. If the output of the economy stays the same, which it hasn't, then that's when increasing your money supply 20x should cause the cost of goods to go up 20x to compensate. Inflation would be when you have 20x change in money supply but the price index goes up >20x assuming velocity and output remain constant.

mangart2679

[https://m.media-amazon.com/images/M/MV5BMjI3MTA3NjI3MF5BMl5BanBnXkFtZTgwNjI4MTY1MjE@._V1_.jpg](https://m.media-amazon.com/images/M/MV5BMjI3MTA3NjI3MF5BMl5BanBnXkFtZTgwNjI4MTY1MjE@._V1_.jpg)

jawni

>Yeah man the company keeping an amount of Solana over the circulating supply in one of their foundation wallets then lying by saying they’d burn all of them only to burn about a quarter of them and **keeping the rest without ever addressing it again is definitely something a reputable company would do**. Don't believe everything you read here. That's *almost* an accurate account of what happened. That bold part is patently false, they burned that amount from their own wallet. https://medium.com/solana-labs/solana-will-reduce-its-token-supply-to-account-for-market-making-allocation-b8366288acef ◎3,365,067 back from the market maker: [1](https://explorer.solana.com/tx/uQf4pS38FjRF294QFEXizhYkZFjSR9ZSBvvV6MV5b4VpdfRnK3PY9TWZ2qHMQKtte3XwKVLcWqsTF6wL9NEZMty) [2](https://explorer.solana.com/tx/DYrfStEEzbV5sftX8LgUa54Nwnc5m5E1731cqBtiiC66TeXgKpfqZEQTuFY3vhHZ2K1BsaFM3X9FqisR28EtZr8) [3](https://explorer.solana.com/tx/3bLx2PLpkxCxJA5P7HVe8asFdSWXVAh1DrxfkqWE9bWvPRxXE2hqwj1vuSC858fUw3XAGQcHbJknhtNdxY2sehab) [4](https://explorer.solana.com/tx/3fE8xNgyxbwbvA5MX3wM87ahDDgCVEaaMMSa8UCWWNxojaRYBgrQyiKXLSxcryMWb7sEyVLBWyqUaRWnQCroSqjY) [◎8,000,000 from Foundation](https://explorer.solana.com/tx/5PWymGjKV7T1oqeqGn139EHFyjNM2dnNhHCUcfD2bmdj8cfF95HpY1uJ84W89c4sJQnmyZxXcYrcjumx2jHUvxZQ) [◎11,365,067 removed from supply]https://explorer.solana.com/tx/5K4KuqTTRNtzfpxWiwnkePzGfsa3tBEmpMy7vQFR3KWFAZNVY9tvoSaz1Yt5dKxcgsZPio2EsASVDGbQB1HvirGD) [Solana Burn Address](https://explorer.solana.com/tx/45pGoC4Rr3fJ1TKrsiRkhHRbdUeX7633XAGVec6XzVdpRbzQgHhe6ZC6Uq164MPWtiqMg7wCkC6Wy3jy2BqsDEKf) You might want to actually fact-check the stuff you read here. >Also worth mentioning that it is built on Layer 1 and Solana’s gas on transactions were costing more than Ethereum’s gas not too long ago I think you might be confused, Solana's fee per txn has never been higher than Ethereum for any significant amount of time. Maybe you're confusing it with the news that Solana is generating more fees than Ethereum, which is a really good thing.

BrutalTea

You said it, not me! https://open.spotify.com/track/4fRmFVMd0c1SGfzazBJIM8?si=MV3oClLrTVyC2kLLUw6Fuw

Rationally-Skeptical

I mean, good luck to her no matter what! Here are some bullet points of flaws I see in BTC: - Capped supply means it can never function as money (P = MV/T) - Deflationary nature if adopted makes it impossible to finance through debt - Government surveillance combined with control of on-/off-ramps - No external demand via debt or taxes to ensure value - No practical use case (yet) to ensure value

Capaj

[https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExc2MxeWF6MHJudjVycHh6cmJraGk4bWFmbzBhZjlvdjA2bGYxbHR3biZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/UO2FqRJkan6bm/giphy.gif](https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExc2MxeWF6MHJudjVycHh6cmJraGk4bWFmbzBhZjlvdjA2bGYxbHR3biZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/UO2FqRJkan6bm/giphy.gif)

Electrical_Fix_8745

[https://www.youtube.com/watch?v=MV4zHRnIUpU](https://www.youtube.com/watch?v=MV4zHRnIUpU)

vattenj

Unfortunately, many of the questions do not have a ready answer at all. You have to search for it in many online forums and sometimes a post revealed part of the truth. I still remember an ECB officer said that they just print money, that would be the most honest guy I have seen I think the reason that commercial bank also claims that they create M2 is trying to confuse people, they are talking about totally different "money". Because MV=PQ, a higher V really create more economy activities. I think MV is very similar to M2

craftadvisory

[https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExYjdzZ243eGIzcmRwczVnNmtjcmpyMTVydThxNmIzYm5rdGtrb3NoNiZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/R51a8oAH7KwbS/giphy.gif](https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExYjdzZ243eGIzcmRwczVnNmtjcmpyMTVydThxNmIzYm5rdGtrb3NoNiZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/R51a8oAH7KwbS/giphy.gif)

Legitimate_Bid_3203

Transparent GIF : [https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExOWhudHBtNGFza2ZmenFyNDl6cHlsOTlqeWM2MXIxdDBzaTg2Zzc3NCZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9cw/NTAqubMhuDRwBR9DGJ/giphy.gif](https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExOWhudHBtNGFza2ZmenFyNDl6cHlsOTlqeWM2MXIxdDBzaTg2Zzc3NCZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9cw/NTAqubMhuDRwBR9DGJ/giphy.gif)

exaroth

https://m.media-amazon.com/images/M/MV5BMjZiMjBlZjQtOTg4Ni00NTI4LWFlOGMtMjkzOGM1ZWY4YzQ3XkEyXkFqcGdeQXVyMzI2MDEwNA@@._V1_.jpg

_naturalhigh_

[https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExZ2MxM2t6aDNiNW5kamw5eTA2ajlyajE2bDljbzJkZXZmeWc5OWI0cSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/ZpJNatKAmHsTvw0Kdz/giphy.gif](https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExZ2MxM2t6aDNiNW5kamw5eTA2ajlyajE2bDljbzJkZXZmeWc5OWI0cSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/ZpJNatKAmHsTvw0Kdz/giphy.gif)

gantosfc

https://www.reddit.com/r/CoinBase/s/RfdDKhy2MV

SpectaularMediocracy

That’s not how market cap works. Nvidia didn’t have $2 trillion of money inflows for example. The value is calculated as the price of the last share sold x by number of shares in issue. So if all holders refuse to sell below a given price. The MV = price x shares. For Bitcoin it’s MV = $70k x 21m coins. For Bitcoin to go to $100k doesn’t mean an additional $30m x 21m coins of money flows needs to flow into Bitcoin. Hope that helps.

JeremySoCa

If the MV ever goes mainstream, DCL will 🚀

webslinger591

[https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExYmQ2ajRieWZieTRuN2J6dTF4NmFudm5xb3huc29idmxxcGRjcndxNiZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/3oriOaivTEk4PotVEQ/giphy.gif](https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExYmQ2ajRieWZieTRuN2J6dTF4NmFudm5xb3huc29idmxxcGRjcndxNiZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/3oriOaivTEk4PotVEQ/giphy.gif)

TableConnect_Market

I think the whole conversation around mining environmental impact is misguided. Forgive the rant, but it's something i'm passionate about. Crypto mining is one of the greenest economies on earth - i haven't looked at energy mixes for a while, but a few years ago, 13 or 27% used exclusively renewables (mostly hydro), and nearly all use renewables in their mix. This is just due to pure economics - mining is designed so that MC = MV, and energy is security. Many industries are energy-intensive, but crypto mining (not staking) is the most energy-intensive industry on earth. There are HUGE rewards to efficient energy, so crypto is leading green energy integration. Every marginal dollar saved is a marginal dollar of profit, if you are performing beyond the aggregate envelope on production costs - you spend more money getting money, and less money running your machines. This is because green energy operating costs are wildly low - which is how these mines are monetized. The ASICs are depreciated over time as fixed costs, and operating costs are cooling and energy. Spend less on cooling and energy, make more money - and green energy is how to do it. At the end of the day, crypto mining is a giant "energy-sink" for the most efficient forms of energy production, because it is the most energy intensive industry. It's green out of necessity and profit, which is what people are missing. The next step is considering bitcoin as a battery - especially in an infrastructure demand-response context. Energy storage is expensive, and I'm not saying we can store all marginal energy in bitcoin (although perhaps one day liquidity will get there), but we can "store" energy excess at low-demand times, eg with a large nuclear/solar/geo base, by mining crypto, converting the energy to money when there is an energy surplus, and energy prices are low. This might be at night in the summer, when everyone is asleep and air conditioning is reduced. The next morning, bitcoins can be sold to pay for marginal energy, which isn't "creating" energy, but it's creating time-asset fungibility on a marginal basis, expanding productive output, which is more or less the same thing. There is a green future of efficiency - we've been pursuing "green" policies for years - we always want to use less of what we have, more efficiently. At the end of the day, bitcoin is just a tool that incentivizes that - It's an engine that rewards cheap energy. And renewables are cheap.

SpiderHuman

[OP getting more people to look at bitcoin](https://m.media-amazon.com/images/M/MV5BYTZkNmRmOTMtNDIxOS00NTIyLWI1ZWItN2QxNmQ1NmUzNTE0XkEyXkFqcGdeQXVyMjQ3NDc5MzY@._V1_.jpg)

Kasnudl37

„Bitcoin‘s Potential“ by BlueGuy IMO the best video so far to get curious. Also helped me in my family a lot… https://youtu.be/IsMgAKGsdaM?si=hqnnYhAc_MV-Qn_F

omg-whats-this

Meme aside, that's a very cool MV

RespectibleCabbage

https://media3.giphy.com/media/v1.Y2lkPTc5MGI3NjExMWFkOXU3NXdmaXkyMXZoOWFsdGdveWdodjY3eHdtdTVvM2RyOWczZyZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/LXsmHIeoWM16d3w2Ju/giphy.gif

capitalistsanta

You have to understand the way money flows into and out of crypto. It goes through Bitcoin and Tether. When Bitcoin goes up, people are buying it with Tether and other stablecoins. When it goes down they're flipping it for major stablecoins. You can look on coingecko for a good example, and look at the stable coin charts, but you can find a relationship between stablecoin MV and when bull runs are crashes are. You have 1 entity with control of the most of both of those things, you're looking at all sorts of possible problems now. They affect the price of each other directly and are going to be what people want and want to dump when the market goes to shit.

confuzzledfather

[Let's go!](https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExaXVmOHNsb2t3ajMzOGJlZzZpYWV4ZTNucHF0ZWI5NGM3NWh3MXdocyZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/pTjXG8X8h75jIsxAF3/source.gif)

DigitalDude_42

[Meanwhile, Idle](https://app.idle.finance/#/earn/yield-tranches): Anybody got some of that Tether? [<scratches>](https://m.media-amazon.com/images/M/MV5BZWJlNzlhZjAtOGY5Yy00MzhkLTg3MzQtZWI2ODNkMTcwYTZiXkEyXkFqcGdeQXVyOTM4MTk2MDM@._V1_.jpg)

Unairworthy

Bitcoin is so valuable it will be bypassed in many contracts. MV=PQ. It will usher in an era of indentured servitude and scarcity of goods.

iddqd-idkfa1987

[https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExbTcxc3d5MXpvYm4zb3IwODRkdHNobjZpbzRuaWVyNXFjaHJxa2lqaSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/7BRbIrjbTf4UhBSHz0/giphy.gif](https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExbTcxc3d5MXpvYm4zb3IwODRkdHNobjZpbzRuaWVyNXFjaHJxa2lqaSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/7BRbIrjbTf4UhBSHz0/giphy.gif)

-Nords

https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExaTVlemRwNDVvd2puanZmMXN2N3g2dGU1Y3I2bmpydHUzeWpweDN5cSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/Id7FK5KTUXiAU/giphy.gif

Fuzzyfoot12345

Oh man, at first when I was watching this I was like "oh no".... But the punchline landed hard. 100% true, there is a reason "wage slave" became a common saying on the internet. This is totally unrelated, and 100% unrelated from finance, security, politics, and the like... But I think you might enjoy it. https://www.youtube.com/watch?v=Ig6MV5G1Hqk

Dont_Waver

Fair point. So to prove inflation, we would point out that since 1960, M2 has increased by 100x^(1), velocity has held pretty steady since 1960^(2), and Real GDP has only increased by 10x^(3). So according to the MV=PQ equation, this proves that there's inflation. Am I missing anything or would you go about proving it in a different way? ^(1)https://fred.stlouisfed.org/graph/?id=M2SL, ^(2)https://fred.stlouisfed.org/graph/?id=M2V, ^(3)https://fred.stlouisfed.org/series/GDPC1

Soil_Electronic


M4roon

Mann, MV looks so tasty for small swing trades but there's nothing available. And SOL and DOGE RSI is just floating too high for a snatch up. Q\_Q Guess I'll do real work..

paulymat

[Everything is fine](https://media2.giphy.com/media/v1.Y2lkPTc5MGI3NjExMzUxMDA5MWU4YjU2ZWFmOTFhMTIxZDk1NGRkNjFiY2NiYTRmOTI5OSZlcD12MV9pbnRlcm5hbF9naWZzX2dpZklkJmN0PWc/tZyxxR4lUIRnTgIzl9/giphy.gif)

1078Garage


beastmachine88

 i just buy and wait for years

FreitasAlan

I love BTC but this chart is not doing it any favors. All it's telling me is two things (P and M) measured in dollars where one (P) is derived from the other (MV=PQ) are correlated. By the way, P also applies to Bitcoin or any asset measured in dollars. Unless the point is that stocks don't beat inflation, which may not be visible from the chart but would also be completely wrong. Since 2008 (where this chart starts), S&P500 had a 9.08% return while short-term treasuries, which barely beat inflation, had a 1.25% return. I don't have to mention 2008 is cherry-picking the worst starting point for stocks. If we adjust for inflation, you would be losing money from 2008 to Feb 28 2009, and then only recovering to the starting point from 2009 to Jan 31 2013. Stocks would have the same returns if you started from Jan 31 2013 while other assets would not. Unless... the point is that BTC had better returns in this period than stocks. In this case, it's even worse. Because it's a triviality we all know and that has nothing to do with this chart. Even if this information were in this chart, it would be a strawman because the reason people diversify is not because they don't know historical data. It's because 1) past growth is a bad predictor of future growth (unlike past earnings and volatility, past growth is often negatively correlated with future growth simply because of the available room to grow), 2) there are always unknown unknowns we can't estimate about the future, and 3) many investing strategies simply don't support too much volatility either: BTC's price volatility was 78.27% and S&P's volatility was 15.05% in the same period. Of course, positive returns impact volatility, but BTC is also more volatile than the S&P500 in other adjusted metrics: -71.75% vs -18.17% worst yearly loss and -73.81% vs -23.93% max drawdown. The fundamentals behind BTC are great. But I don't think selling it as an easy and obvious way to get rich easily helps it at all. For one, it might increase volatility, which makes it more difficult for people who want to adopt it as a real currency. It also gives people the wrong impression, some people will sell it when it's high. That might create a lot of resentful people who incorrectly see it as a scam.

Cryptolurker040

I have a strong feeling that RCP's will have a great run when the conditions are right. Like the magnificent pumps gaming/MV tokens had last cycle. The narrative is strong and real.

1078Garage


Plus_Screen4706

For reference, ive been dcaing a lot of JUNO. Dunno what it is...dont care. I look at charts, price and vector candles within the hi vol selloffs. JUNO is onenof many of kraken with a lot of potential likelihood price will return to tjose vectors that market makers are currently holding a lot of tokens (bought from massive selloffs) so they want to make profit on these. Their too far invested to let these projects turn to dust. JUNO, SBR, MV, MC, KAR, MULTI etc etc

koelebobes

Still waiting for your crypto country spotlight about “The Netherlands” 

TheHoodOG


BestPlayerEU12

Let's goooo [Pump it.GIF](https://media1.giphy.com/media/v1.Y2lkPTc5MGI3NjExMTBybmM0b2x6MjQ0aHg5bWt2d2hhbDJoeXpiY2NvMWMzdnM0cXM4eiZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/Cpb14Pm9exj1UizL5u/giphy.gif)

paulymat

[Ouch](https://media2.giphy.com/media/v1.Y2lkPTc5MGI3NjExY2RkZWQxMGM1ZjBmNDMyNWM1ZGQ3MjVmZDcxOGRhY2I5MTAyZWQwZSZlcD12MV9pbnRlcm5hbF9naWZzX2dpZklkJmN0PWc/MgtBm2xTS8G3o5C4rd/giphy.gif)

DamonAndTheSea

If by ‘money’ you mean useful medium of exchange, then I tend to agree with you .. and would prefer it this way as an investor because Bitcoin’s value relative to other assets is only going up due to the fact that people are reticent to part with it (hoarding). The moment it’s used as a medium of exchange, the relative value will drop per MV=PQ. I don’t think medium of exchange is the real pain point .. sound money has been the pain point. In any case, I suspect Bitcoin will have to win on this front first before it’s widely accepted as a medium of exchange.

Mcgillby

You write it on the side of the deck, then shuffle it so it is no longer legible. You then use the secret PIN to decode the deck and put the cards back in the correct places so the message can be read again. Like this: https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExN3RqNTZhdnJzcmh0cXBnM2p0YmNpMHpjb29hMjdsdG81cXBmNDBvZyZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/GyyRM4t4ZCNzMvvSAA/giphy.gif

genjitenji

Look down atleast 

TheHoodOG

Still waiting 

DamonAndTheSea

Nano supporters have always fundamentally misunderstood the one key metric they use to venerate the project. In fact, you’ve outlined it in your post: “Nano does everything that it’s supposed to do since the beginning, it’s truly a currency that can be used all over the world, and it’s able to transfer value in seconds from one point in the world to another”. Here’s the issue Nano holders fail to recognize: 1) Most currencies that work well as a medium of exchange, tend to be a terrible store of value. 2) Most stores of value tend to be a terrible medium of exchange. Medium of exchange and ability to transact at point of sale is *not* a salient problem. Visa, Apple Pay, Venmo, PayPal, etc have *completely canvased the modern world* and are not a pain point that needs to be addressed for most users. Furthermore Nano holders *confuse* the *utility* of fast and cheap transfer with *token value*, thinking that use of Nano to transfer into goods/services should *raise* the value of the token itself. This is a fundamental misunderstanding how how value works. In fact there’s a well known financial formula for this called the “Quantity Theory of Money” whereby: MV = PQ In this equation, M represents the amount of money in circulation, V is the velocity of money (the rate at which money is spent), P is the price level of goods, and Q is the quantity of goods sold. What’s important to understand here is that when the “velocity” (V) of money goes up, and assuming a fixed monetary supply (M), the *value* of currency trends *down* as the same number of currency units (whatever those may be) represent a greater number of goods (Q). This might seem counter-intuitive at first, but holds water. And so Nano adherents belief that wide scale adoption of Nano as an optimal medium of exchange will somehow bolster the token price is misguided. There’s a reason that Bitcoin’s value keeps rising while being rarely used as a medium of exchange: Bitcoin is rarely exchanged directly for goods, meaning its velocity (V) remains *low*, and it’s being hoarded like rare property due to its fixes supply (M), hence its value in comparison to other property and value stores *continues to rise*. This same fate is not destined for Nano unless the ecosystem finds a way to create token scarcity by means of utility (i.e. locked value in L2 protocols ala ETH, ADA, AVAX, etc …) or some narrative change foisted upon users whereby they’re willing to hold their Nano as a hard asset and long term store of value.

koelebobes


paulymat

[Everything is fine](https://media2.giphy.com/media/v1.Y2lkPTc5MGI3NjExMzUxMDA5MWU4YjU2ZWFmOTFhMTIxZDk1NGRkNjFiY2NiYTRmOTI5OSZlcD12MV9pbnRlcm5hbF9naWZzX2dpZklkJmN0PWc/tZyxxR4lUIRnTgIzl9/giphy.gif)

kilo6ronen

[https://media3.giphy.com/media/v1.Y2lkPTc5MGI3NjExMmljcjFrMGx6ZWFkdHdpaGtuMHM1OGUxeWhxbXd0a2hyNjIyM3c5cSZlcD12MV9naWZzX3NlYXJjaCZjdD1n/3o84sw9CmwYpAnRRni/giphy.gif](https://media3.giphy.com/media/v1.Y2lkPTc5MGI3NjExMmljcjFrMGx6ZWFkdHdpaGtuMHM1OGUxeWhxbXd0a2hyNjIyM3c5cSZlcD12MV9naWZzX3NlYXJjaCZjdD1n/3o84sw9CmwYpAnRRni/giphy.gif)

kilo6ronen

https://media3.giphy.com/media/v1.Y2lkPTc5MGI3NjExMmljcjFrMGx6ZWFkdHdpaGtuMHM1OGUxeWhxbXd0a2hyNjIyM3c5cSZlcD12MV9naWZzX3NlYXJjaCZjdD1n/3o84sw9CmwYpAnRRni/giphy.gif

DBRiMatt

[Don't care how, I want 100k NOWWWWW!](https://media3.giphy.com/media/v1.Y2lkPTc5MGI3NjExbHRpbDZpM3g3NmcwYXQzbHVid2M1azE3cjloM2M3eGNpaXZ0bHdobiZlcD12MV9naWZzX3NlYXJjaCZjdD1n/BbafUhsfSu3N6/giphy.gif)

snowmichaelh

 I wait for that too.

paulymat

[Just do it!]9https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExNzRkZTdiYjBkMDRlODdkZWE1OGFiZDBkNDU5MWQ3MDk0MGRjYTNmOSZlcD12MV9pbnRlcm5hbF9naWZzX2dpZklkJmN0PWc/UqZ4imFIoljlr5O2sM/giphy.gif0

LB1890

I'm not sure if I understood your question. First of all, that's not exactly the Quantity Theory of Money. You only described the Quantity Identity - the equation MV = PY. The QTM goes further than the simple equation and states that the causality goes unequivocally from M to P, either in the short run (hard version) or the long run (soft version). In other words, only number 2 in your list really happens. QTM, being a theory, can be true or false. The Quantity Identity, however, is necessarely true. For the Quantity Identity to work for BTC, it only requires for BTC to be effectively used as money. Then it surely works, as it works with any kind of circulating media of exchange. If BTC were money, we would have an estatic M, which considering a constant V, could affect the behavior of Y and/or the behavior of P. Whether and how it will affect both variables will depend on a theoretical analysis. You need economic theory to interpret the relations of causality between the variables in the identity. There are many of them, according to different schools of thought.

Loinnird

I’ll let Prof. Mitchell field this one: “The accounting statement MV = PY is what is known as the Quantity Theory of Money (QTM), the main theory of inflation prior to the release of Keynes’ General Theory (which demolished it). It still hangs around among the ignorant or those who have anti-government agendas to push. Mainstream economists use the QTM to link the expansion of the money supply with accelerating inflation. It is the most intuitive part of the neo-liberal story and the one that resonates with the public. That is why they continue to promote it, despite it being nonsensical to do so.” https://billmitchell.org/blog/?p=35234

LaLiLuLeLo_0

MV = PY is all you need to know to understand price movements in Japan as well as in the US both at the start of QE and near the end of QE. I’m aware money isn’t literally being printed. There’s this thing people do where they use a single word to mean several related concepts that actually aren’t all identical, and the common use of “printing” in the context of money is one of those cases.

kellzone

[Here ya go](https://media2.giphy.com/media/v1.Y2lkPTc5MGI3NjExZWEwMWQ0MWMwNjIyMmU2NThjZmE4N2QwMTdjOTcxZGU0OTU0ZjUzNyZlcD12MV9pbnRlcm5hbF9naWZzX2dpZklkJmN0PWc/T7fU0RWWhWpYk/giphy.gif)

AwkwardHamburge

Totally agree, the MV hype was the catalyst for the crazy pumps and the huge activity we saw in blockchain gaming.

OddballObscurity

[https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExZDU0MTJmNjgyZmE4ZjAzMjFlYTFlNGRiMGVhMDE1MjI5OGIyZjU4OSZlcD12MV9pbnRlcm5hbF9naWZzX2dpZklkJmN0PWc/XjXtEuBHulPcQ/giphy.gif](https://media.giphy.com/media/v1.Y2lkPTc5MGI3NjExZDU0MTJmNjgyZmE4ZjAzMjFlYTFlNGRiMGVhMDE1MjI5OGIyZjU4OSZlcD12MV9pbnRlcm5hbF9naWZzX2dpZklkJmN0PWc/XjXtEuBHulPcQ/giphy.gif)

iworkisleep

I think zuck is too early for this vision. Keep improving graphic and wait for Apple headset. If MV can operate independently without needing to have a FB profile then it’ll catch on with more younger generation. Augmented Reality will be the next play along with AI.

AwkwardHamburge

I'll break the ice. MV tokens are total garbage. Change my mind.

Mean_Bandicoot_7481

The MV is just crap imo. I agree on not working out

AwkwardHamburge

I think at this point, we can all agree that MV is just not gonna work out. Who in their right mind would wear a VR set for more than a few minutes at a time? Even those who use it to play games for extended periods of time get tired of it eventually.

fuzzyduck88


ch33na

You are doing it right. Invest what your willing to lose. You have your risk tolerance set. Now just wait for that bull market… 

Maleficent_Plankton

I would've liked to have experienced those 2 large events. It's kind of sad because a lot of the exhibits are very artistic. MV Fashion Week is just starting, and it's very pretty. I like a lot of the outfits. The META history museum currently has an excellent exhibition of the Ukrainian war. But they're spending so much money building these giant exhibition halls when there are so few people to enjoy it.

Obvious_AdBEY

I'm waiting for time to fill my bags 

Justreadingcomment


TravisBateman77

Holly shit 1073 comments in 3 hours. Crypto bros are waking up from coma because of this pump lol 

Grouchy_Factor

Metaverse? The entire business case Suckerberg had in mind was the "immersive experience" was supposed to be addictive to scads of people. Meanwhile, it's hard to imagine such an addiction if it required you to wear a bulky contraption on your face (the most serious downside of MV). That was reason for failure of 3DTV years ago -- the hangups among people for having to wear "special glasses" . And the incompatibilities of these glasses with prescription eyeglasses on people that do wear them.

DukeThom


DBRiMatt

We've experienced rcession, but the last 3 hours was dep\[ression. &#x200B; 

liveaskings


zqrt

For those that haven’t heard it: https://youtu.be/eu1AHz4MV2g

the_far_yard

Well well well. Would you look at that... 

CantaloupeDue3237

In the MV? I thought there were no Legs in the MV 😂😂

dcur3

5T is a hilarious #, 2x the market cap crypto ever had. But imo someones hyping up MV coins, just to dump them for final capitulation event. If META cant do it right now. SAND, MANA, all these shit coins wont do it first i promise you.

ActuatorFinne

Been in the NFT space since last year when this sub was shitting on NFTs and I gotta say this is one of the worst list for “impressive” NFT projects. The only project that deemed to be worthy to say impressive is of course the Reddit avatars cause they onboarded more than 3 million users to NFTs. Goblintown was released as a free mint for founders to rake up cash on the free mint hype and when did “No roadmap” become a pro. DeGods made a big fuss about how royalty should be 0% and increased their royalty on reveal date. Now, I’m not saying collectible NFTs are bad but there were plenty of other projects which had actual utility. Take RugRadio for example they are creating a decentralised media platform. An actual utility! The MV3 universe is taking storytelling NFTs to another level. Tokenproof allows you to verify you have an NFT in cold wallet without the risk transferring it to a hot wallet. Although Azuki’s founder have a shady past, I’ve never seen an NFT project with top notch branding. There are many other projects trying to create a utility, an actual product rather than just creating generations art. This list is more like some of the hyped projects of 2022.

warthog-love

MV=PQ, so if people use btc more and velocity goes up then price should go up. And if people have the choice between spending something that is increasing in value, and something that decreases in value (most currency) then people will always choose the latter. So an ideal currency has a flexible supply to maintain stability.

CantaloupeDue3237

Nobody is talking about the real stuff, did these 6 people have "Leg's" in the MV part or not?

h_apo

I think that the MV can actually be a partial success in the Asia-Pacific region.

Dmoan

Well problem is they need to show growth and only way to do that is the return. Otherwise if they sacrifice growth they will need to cut costs a lot to achieve profitability (no more new Hq in Bahamas) and even then their market value is gonna come down a lot (lucky to even be 5 bill in MV even if they achieve average profitability ).

uncommonname17

$20K was its predicted bottom due to RV/MV ratio.

WiseCapitalOrg

with a backdoor you mean &#x200B; https://twitter.com/1centarmy/status/1593938707278708736?s=20&t=R8Rm0J5MV6CbHXrbbpXlZQ

Bouncer017

Why would the Turkish ministry of transport back and invest in a “MV Project” Lmao

walter_midnight

What do you mean? Facebook is just following the research, and this is getting people to talk about something they'd otherwise ignore - albeit in a thoroughly ignorant matter. Meta doesn't give a shit about pseudo-proctoring approaches, that's just headlines making wind because some Fortune or Bloomberg freelance writer fucks don't have any idea of how VR works. Guess what, if your boss wants to monitor you, he is already doing it and perfectly at that. Abstracting this shit via VR/the MV is infinitely worse and in many regards more difficult to pull off, these are such nothingburger arguments. Pretending like this is somehow worse than actual workplaces doesn't change the fact that we've been perfecting the practice for centuries. I doubt FB is going to bring it home either, despite them being so massively better situated than all the other VR-focused companies combined, but pretending like Meta or Mark somehow have a super crisp, explicit picture of its future is entirely missing how much of a proof-of-concept this still is - by their own admission. It's just silly to dismiss something that has barely been more than a prototype, y'know, purely from a standpoint of how long such a product would take to fully develop. Worst of all is all the stupid discussion about it "looking ugly" and legs being somehow irrelevant enough to warrant research. Yeah ok, but the only people who say shit like this haven't as much as tried wearing an HMD or started realizing how pancake footage doesn't clue you in at all to how it looks and feels when you're in it. That goes both ways, some stuff looks worse in VR because of wonky proportions you could never gauge from flat screens, most looks infinitely better and stylistic crud can be easily ignored, despite it being almost egregious in the raw video.

sickpeltier

MV cable baby!

advias

MP? Nah, MV

1078Garage


Odlavso


viljass

I won a raffle via Premint for a MV3 NFT late March, my lucky day. Sold it the next day for 1.3 ETH. Guess what I did? Put it all into UST 🙃 easy come, easy go.

spid3rfly

MV for quick reference: https://www.youtube.com/watch?v=YkADj0TPrJA&ab\_channel=PhilCollins

Weary_Strawberry2679

Sure, but when those organisations will offer you support (or cool features) only in the MV, then you're trapped. What some people don't understand is that those corporates have the ability to effect everyone's lives, just by signing contracts, and that will happen anyways whether you (or I) like it, or not.