reidwalley on Nostr: “The demand for #bitcoin stems from the need of individuals all over the world to ...
“The demand for #bitcoin stems from the need of individuals all over the world to carry out transactions that bypass political controls and to have an inflation-resistant store of value.
“For as long as political authorities impose restrictions and limitations on individuals transferring money, and for as long as government money is easy money whose supply can be easily expanded according to the whims of politicians, demand for bitcoin will continue to exist.
“And Bitcoin’s diminishing supply growth is likely to lead to its value appreciating over time, thus attracting ever-larger numbers of people to use it as a store of value.”
- saifedean (npub1gdu…6nak), The Bitcoin Standard, pg 249
“For as long as political authorities impose restrictions and limitations on individuals transferring money, and for as long as government money is easy money whose supply can be easily expanded according to the whims of politicians, demand for bitcoin will continue to exist.
“And Bitcoin’s diminishing supply growth is likely to lead to its value appreciating over time, thus attracting ever-larger numbers of people to use it as a store of value.”
- saifedean (npub1gdu…6nak), The Bitcoin Standard, pg 249