No actually you need waaaaaaay more
MV = PQ
Given the amount of money stock, and taking a broad money velocity and given the amount of transactions of goods and services BTC is waaaaay overvalued.
Sending money is never counted in monetization nor GDP.
If I send you a truckload of demonetized french francs and you send them back to me and we do that 10 times a day.
What's happening to monetization, i.e. MV=PQ?
ZIp Nada.
Thanks for playing.
Replying to @Freebairn_h @peruvian_bull
Well if you lose the Gold attached to the tokens because somehow they are hacked, according to #Bitcoiners they are worth more because there is now NOTHING backing them.
Replying to @HendrexWil1374 @JordanEVGuy
And there is still the problem at lower temperature and the need for an expensive lattice cooling system at the Cell to Pack step.
Replying to @HendrexWil1374 @JordanEVGuy
The new TESLA batteries still being LFP with liquid electrolyte still have a problem of derate and low C-PUlse value.
Either you are good at electrochemistry or you're not.
Replying to @peruvian_bull
That's not the definition of Mises.
You had mere private tokens post 1929 crisis in the US (wooden tokens) when the banking system failed, and there are also private tokens during weimar with Hugo Stinnes (maybe Musk is the current Hugo Stinnes and that is another topic). They are not backed by any government and are functionally identical.
The Limited supply is perfectly idiotic. The demonetized French Francs are very limited in supply (more than BTC) same with the demonetized Lira. But perfectly worthless. Hoarding BTC is like hoarding French Francs and hoping that they get remonetized. As Kemmerer the oversupply is judged by the circulation demand for goods and services (wire transfers don't count in GDP or monetization). Only MV=PQ counts.
WHERE?
Replying to @peruvian_bull
BTC is fiat and oversupplied you illiterate morons
Mises / Kemmerer
A token redeemable commodity fits the principles of Bank Money under Thomas Tooke definition.
TESLA Is Legacy:
Bi-Directional Inverters II
(OPEN LINK)
graphcall.com/execute?task=N…
In this episode, we continue to review the situation with bi-directional inverters at TESLA.
TESLA has embraced bi-directional charging in its cars (albeit late), but problems remain:
The TESLA cars that can do it are much more expensive than its competition
The Powerwall is a lot more expensive than the competition.
Unlike the competition, in some parts of the world, TESLA's charging network is not an Airbnb or Plug Inn network, with massive capillarity.
TESLA’s network is capital-intensive and will not have the reach of the Plug Inn network, for example.
Nothing has been conceived yet that was surfaced so far from TESLA to enable discharging back to the grid from the car from anywhere, as with Airbnb-style accommodation or charging networks, while competitors are already working on the ability to discharge from the car to the grid from anywhere and get paid.
Next time, we will discuss how the Gen-4 batteries coming to the TLR7 and TLR8 within a few quarters are going to radically change the cost-competitiveness of various EV manufacturers, and how this will change the landscape of BESS power buying and selling.



