The Bitcoin Psychologist on Nostr: Inflation is a de-civilising force; it forces producers and consumers to choose ...
Inflation is a de-civilising force; it forces producers and consumers to choose between their morals and their financial well-being. Price is the collective pragmatic truth of a free market. Inflation erodes truth by distorting price, and once price and truth are distorted, human being start acting in immoral and unethical ways.
By contrast #Bitcoin is hard coded truth, with an ever decreasing inflation rate (ultimately 0 inflation) and therefore tends to incentivise people towards moral and ethical behaviour.
Published at
2023-08-03 03:00:25Event JSON
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"content": "Inflation is a de-civilising force; it forces producers and consumers to choose between their morals and their financial well-being. Price is the collective pragmatic truth of a free market. Inflation erodes truth by distorting price, and once price and truth are distorted, human being start acting in immoral and unethical ways. \n\nBy contrast #Bitcoin is hard coded truth, with an ever decreasing inflation rate (ultimately 0 inflation) and therefore tends to incentivise people towards moral and ethical behaviour.\n\n\n\nhttps://cdn.nostr.build/i/06563c94cc876d897033e375978a83eee145990eb09c5cd73e6de4b497b035b9.jpg",
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