mleku on Nostr: money is 50% of the transactions, so: Total Supply of Market Commodities ...
money is 50% of the transactions, so:
Total Supply of Market Commodities
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Total Supply of Money
this is what bitcoiners mean by "denominator"
the price is based on the denominator, the real wealth comes from the numerator.
if you increase the number at the bottom the price goes up but the spending power goes to whoever gets the new money first
it does not happen instantly, it is something like a series of lakes downstream of a spring, when there is more water the ones upstream get it first, and what comes down after that depends on how it has been consumed, delayed or contaminated, and the contamination, in particular, increases as you go down the line
banksters give the new money to their friends, and the people down the line pay for the difference in the prices of their goods increasing while their wages lag behind this change in the denominator
Total Supply of Market Commodities
------------------------------------------------
Total Supply of Money
this is what bitcoiners mean by "denominator"
the price is based on the denominator, the real wealth comes from the numerator.
if you increase the number at the bottom the price goes up but the spending power goes to whoever gets the new money first
it does not happen instantly, it is something like a series of lakes downstream of a spring, when there is more water the ones upstream get it first, and what comes down after that depends on how it has been consumed, delayed or contaminated, and the contamination, in particular, increases as you go down the line
banksters give the new money to their friends, and the people down the line pay for the difference in the prices of their goods increasing while their wages lag behind this change in the denominator