Toxic Bitcoiner @toxicbitcoiner - 1y
Are there still Bitcoiners who think that Bitcoin is only coming for base money and payment processors? The TAM is much higher than that, closer to $600T IMO. https://image.nostr.build/e62b27303dbaddbcf6d9cc5f9dc21091c64767ea059c229b7b747f3e589b6c72.jpg
Moon @MichaelYouKnow - 1y
Yes. There are. And they are deeply silly. But it is understandable I guess. They want the limits of disruption to be defined by the contours of their own sunk cost competencies and skillsets. But it doesn’t work this way. It never has. And they, most of all, should understand this…
The TAM is all of this. I can conceive of no way that 600T of this gets priced in bitcoin and the remainder does not… Money is a protocol and protocols are winner take all. Where this breaks, even for us, is that we still talk about “600T DOLLARS” but by then we won’t be talking in dollars we’ll be talking in sats and we probably can’t appropriately conceive of how low the sat price will be for most things.
So 1, an easy fix is just to say “in today’s dollars.” (Even though you need a multiplier at higher BTC valuations.) And 2, it’s not about being “priced” in Bitcoin, everything will be priced in Bitcoin. What I meant was how much of the monetary premium or reservation demand will be eaten by Bitcoin. It can’t be “all”. Ex. Houses and equities will still have value, just not nearly as much as today.
