thewrathfulbuddha on Nostr: My TLDR: The natural state of the world is deflation because technology gradually ...
My TLDR:
The natural state of the world is deflation because technology gradually improves efficiency (and soon exponentially because of AI and robotics). This state of deflation is the true global free market that Bitcoin is actually measuring which is why all prices trend to zero on a Bitcoin standard.
However, the money supply is rigged to follow a fake 2% inflation because according to Kensian economics if that doesn’t happen people aren't incentivised to spend money and hoard it instead. The system encourages people to spend because if they don't it will just be stollen from then anyhow.
The reason its so hard for regular people to see this is they no reference frame you cannot measure the new system from within the old system. Nobody alive has ever lived in a true free market which probably partly explains comparisons of Bitcoin to a ponzi scheme.
Sound about right? Jeff Booth (nprofile…vlfj)
Amazing insights, new pennies are dropping even on the 5th time listening. So glad you released this Natalie (nprofile…fk5y) 🧡
The natural state of the world is deflation because technology gradually improves efficiency (and soon exponentially because of AI and robotics). This state of deflation is the true global free market that Bitcoin is actually measuring which is why all prices trend to zero on a Bitcoin standard.
However, the money supply is rigged to follow a fake 2% inflation because according to Kensian economics if that doesn’t happen people aren't incentivised to spend money and hoard it instead. The system encourages people to spend because if they don't it will just be stollen from then anyhow.
The reason its so hard for regular people to see this is they no reference frame you cannot measure the new system from within the old system. Nobody alive has ever lived in a true free market which probably partly explains comparisons of Bitcoin to a ponzi scheme.
Sound about right? Jeff Booth (nprofile…vlfj)
Amazing insights, new pennies are dropping even on the 5th time listening. So glad you released this Natalie (nprofile…fk5y) 🧡
quoting nevent1q…rdp7I hadn’t planned to share this conversation, but it’s just too good to keep private. Jeff Booth (npub1s05…eyhe) gave me a brilliant, private Masterclass on inflation, deflation, and the problem Bitcoin solves. It completely transformed the way I think about these concepts, and I know it will do the same for you.
This is a must-watch — one you’ll want to bookmark and share with friends.
Video: https://youtu.be/7tQIGuCyOHQ?si=mDKFctrl4zhGH_HJ
Audio: https://fountain.fm/episode/BJy5dBgnoTn4l7AepY8l