Tom Harding [ARCHIVE] on Nostr: 📅 Original date posted:2022-07-12 📝 Original message:On 7/11/22 15:26, Peter ...
📅 Original date posted:2022-07-12
📝 Original message:On 7/11/22 15:26, Peter Todd via bitcoin-dev wrote:
>
> Anyway, designing protocols for "price go up forever" hopium is a bad idea.
Yet that is the design, and it's a good one. It is equivalent to
relying on bitcoin to steadily grow in utility vs. fiat currencies.
If it fails to do that, there's no point anyway.
📝 Original message:On 7/11/22 15:26, Peter Todd via bitcoin-dev wrote:
>
> Anyway, designing protocols for "price go up forever" hopium is a bad idea.
Yet that is the design, and it's a good one. It is equivalent to
relying on bitcoin to steadily grow in utility vs. fiat currencies.
If it fails to do that, there's no point anyway.