omekau on Nostr: I understand the points made about Saylor and Nayib buying at prices higher than ...
I understand the points made about Saylor and Nayib buying at prices higher than today but either I misunderstood your previous post or you contradicted yourself. Genuinely trying to understand here 🙂
In your previous post you mention “I don't understand why you want money to constantly get more expensive and less affordable for people.” and provided the example of “You're less likely to hire Johnny to mow the lawn if you think your money will be worth more next month!” which is what my point above was addressing. If bitcoin was to get more expensive (which to your latest point, it hasn’t in over a year) then wouldn’t that be limited to the time frame of adoption?
I understand the point about bitcoin being arbitrarily capped at 21M and that being an addition post its initial issuance. I actually still share some concerns about not having a tail emission for mining fee incentives. That’s TBD and a separate topic. That said, why do you say bitcoin is fiat if it requires “work” in the form of energy expenditure to create and secure?
In your previous post you mention “I don't understand why you want money to constantly get more expensive and less affordable for people.” and provided the example of “You're less likely to hire Johnny to mow the lawn if you think your money will be worth more next month!” which is what my point above was addressing. If bitcoin was to get more expensive (which to your latest point, it hasn’t in over a year) then wouldn’t that be limited to the time frame of adoption?
I understand the point about bitcoin being arbitrarily capped at 21M and that being an addition post its initial issuance. I actually still share some concerns about not having a tail emission for mining fee incentives. That’s TBD and a separate topic. That said, why do you say bitcoin is fiat if it requires “work” in the form of energy expenditure to create and secure?