hajisatoshi on Nostr: Microblog Series: Bitcoin & Austrian Economics Bitcoin’s Scarcity & the Austrian ...
Microblog Series: Bitcoin & Austrian Economics
Bitcoin’s Scarcity & the Austrian Case for Sound Money
💡 Key Idea: Bitcoin’s fixed supply of 21 million mirrors the Austrian School’s demand for sound money — a currency immune to debasement by central planners.
📜 Austrian Connection: Ludwig von Mises’ “Regression Theorem”* argues money’s value stems from its scarcity and historical use as a market good. Bitcoin’s code-enforced scarcity (halvings, hard cap) and organic adoption fulfill this principle perfectly.
⚡ Why It Matters: Fiat currencies, controlled by central banks, enable endless money printing — distorting prices, eroding savings, and fueling boom-bust cycles (Hayek’s critique of central planning). Bitcoin is the antithesis: decentralized, predictable, and unconfiscatable.
🔍 Food for Thought: Could Bitcoin’s digital scarcity revive the gold standard’s discipline… but in a global, digital age?
#Bitcoin #AustrianEconomics #SoundMoney #Decentralization
Bitcoin’s Scarcity & the Austrian Case for Sound Money
💡 Key Idea: Bitcoin’s fixed supply of 21 million mirrors the Austrian School’s demand for sound money — a currency immune to debasement by central planners.
📜 Austrian Connection: Ludwig von Mises’ “Regression Theorem”* argues money’s value stems from its scarcity and historical use as a market good. Bitcoin’s code-enforced scarcity (halvings, hard cap) and organic adoption fulfill this principle perfectly.
⚡ Why It Matters: Fiat currencies, controlled by central banks, enable endless money printing — distorting prices, eroding savings, and fueling boom-bust cycles (Hayek’s critique of central planning). Bitcoin is the antithesis: decentralized, predictable, and unconfiscatable.
🔍 Food for Thought: Could Bitcoin’s digital scarcity revive the gold standard’s discipline… but in a global, digital age?
#Bitcoin #AustrianEconomics #SoundMoney #Decentralization