CariBouFarms on Nostr: Important principle: Prices trend toward the marginal cost of production The cost to ...

Important principle:

Prices trend toward the marginal cost of production

The cost to produce a unit of bitcoin is a huge amount of energy and hardware to generate hashes

As hashrate increases, the cost to produce bitcoin is also increasing

The cost to produce fiat is zero

It costs nothing to create a piece of paper

—

Store your time and energy in money that costs something to produce (#bitcoin)

Don’t store your time and energy for currency that is worthless and costs nothing to produce (fiat)

#nostr #economics #fiat #human #time #energy #money