What is the Value of Belief? (SPX6900 as an Austrian Economic Experiment)

Описание: On February 1, 2019, I published a video asking a simple question: What is the value of Bitcoin?

At the time, prices were down, sentiment was broken, and belief was costly. The question mattered precisely because the answer wasn’t obvious.

Seven years later, Bitcoin no longer needs defending. But the experiment it revealed still does.

This video is not about Bitcoin’s price.
It’s not an explanation of SPX6900.
And it’s not a prediction.

It’s a continuation of the same inquiry—this time aimed at something more fundamental:

What is the value of belief?

Drawing from Austrian economics and subjective value theory, I treat belief not as a flaw in markets, but as their precondition. Money does not measure value. Prices do not create meaning. They emerge from individual judgment, faith, and human action—much of which exists outside the sphere of monetary calculation.

Memecoins make this uncomfortable truth explicit.
They don’t hide behind narratives of intrinsic value or discounted cash flows.
They surface first-order goods that markets usually obscure: identity, belonging, hope, participation, conviction.

In that sense, SPX6900 is not an anomaly. It is a conscious experiment—a pure belief asset that reflects something true about all markets, not just crypto.

This video is documentation, not persuasion.
A field note from inside an ongoing experiment.
A record of belief before certainty.


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