JackTheMimic on Nostr: That's not how money works. All money is an asset. Cash is a coupon for the asset. In ...
That's not how money works. All money is an asset. Cash is a coupon for the asset. In essence layer 2s like lightning and liquid are cash. Bitcoin is digital gold but better.
Jack is incorrect just from an economics standpoint. Currency never was supposed to hold value. The deed to a house is not the asset, it is a coupon claim for the asset.
Cypherpunks and economists need to talk to each other more.
Published at
2025-01-25 13:49:59Event JSON
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"content": "That's not how money works. All money is an asset. Cash is a coupon for the asset. In essence layer 2s like lightning and liquid are cash. Bitcoin is digital gold but better.\n\nJack is incorrect just from an economics standpoint. Currency never was supposed to hold value. The deed to a house is not the asset, it is a coupon claim for the asset.\n\nCypherpunks and economists need to talk to each other more.",
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