nostrdamus on Nostr: i like your thinking brett. very reasonable questions. if btc isn't to be used as ...
i like your thinking brett. very reasonable questions.
if btc isn't to be used as money, what is? something backed by btc? and back into the fiat system we go.
btc is and was built to be a medium of exchange. it therefore stands to reason that transactions will take place over time that transfer 'wealth' to different individuals or organisations. commerce in its broadest form to include families and friends too.
if this establishes that btc will move and change hands. it is to be expected that the hands that produce are likely to receive and those that spend distribute. ebb and flow.
today's population don't all posses money, even in afluent families. some have only just been born. others have not started earning. there are also a large number who will be leaving us and distributing their wealth.
in short, it will take time but i do believe that btc will produce opportunities for a better world if we allow it to function as designed - a medium of exchange, not a store of value. if the world is excluded from using btc nobody benefits., even those holding all the btc on a network that doesn't move or propping up the net fiat system.
If the world is allowed to use btc as designed, the value will come when prices decrease. the deflationary money.
my dime's worth
GM 🙃
if btc isn't to be used as money, what is? something backed by btc? and back into the fiat system we go.
btc is and was built to be a medium of exchange. it therefore stands to reason that transactions will take place over time that transfer 'wealth' to different individuals or organisations. commerce in its broadest form to include families and friends too.
if this establishes that btc will move and change hands. it is to be expected that the hands that produce are likely to receive and those that spend distribute. ebb and flow.
today's population don't all posses money, even in afluent families. some have only just been born. others have not started earning. there are also a large number who will be leaving us and distributing their wealth.
in short, it will take time but i do believe that btc will produce opportunities for a better world if we allow it to function as designed - a medium of exchange, not a store of value. if the world is excluded from using btc nobody benefits., even those holding all the btc on a network that doesn't move or propping up the net fiat system.
If the world is allowed to use btc as designed, the value will come when prices decrease. the deflationary money.
my dime's worth
GM 🙃