Twetch labor theory of value Only on SoonSV(tm) #soon #Bi…

Lol. Total nonsense.

'keep the faith'

porte-sac cliché

But this is the economic garbage people are learning from Slack bathhouse. I recall a post from Creg that price of bsv is tied to the size of each block. 2gb = $1000 SV, etc.

This is bs that makes me believe he actually does have all those degrees.

creg aside why would a higher volocity not increase demand for the currency and therefore the price?

I don’t know. Nobody does. I think this is an idea that seems logical but it’s only considering one variable when there are many. There is nothing in particular about transactional usage alone that would necessitate a price increase.

In fact depending on the kinds of transactions being made, you might see the opposite effect. Hyper inflation events have very high money velocity.

i dont think so. i remember digital golders making this point. i see the fees as a kind of extension of the block and to me btc and eth have a very high velocity and it has served them well. their velocity could be even higher it they could scale but still

not saying velocity is the goal but that velocity is a good indicator of growth.