Re:The Fair Price of a Bitcoin is Zero
by bitcoin-truth on Wednesday December 04, 2013 @09:50PM
(#6852377)
you are referring to monetization of debt. monetization per se is the process of becoming a money. Mises is a good read.
> (which isn't just _a_ marketable commodity.)
You got that right. It's _the_ marketable commodity.
> What is that even supposed to mean?
A melt-up is the opposite of a melt-down.
No, its not. That's the process of printing money to pay off a debt. Or the act of a government making something legal tender. It might even be a tenable name for something becoming money (which isn't just a marketable commodity.)
Things often become marketable commodities -- even rapidly, especially when they are newly discovered or new uses are discovered for them -- without becoming money.
> Bitcoin is in a hypermonetization melt-up phase.
What is that even supposed to mean?