shutosha on Nostr: I think your definition of money is pre 1971 era .. In modern times , money is ...
I think your definition of money is pre 1971 era .. In modern times , money is currency ..
Gold is an asset - IT IS NOT MONEY. .
The idea of unpegging money from an underlying asset was the genius of Nixon administration that led to major boom in the western society .. It means , you need money only to transact assets .. you don't need money to hold VALUE . Value is held in assets .. Everyone is free to acquire assets as long as they want to pay the capital gains ..
Bitcoin is a superior asset because it has lowest acquisition threshold ( one Sat) and practically zero transaction fees .. All other assets have high bar to enter . .. In that , it is an APEX asset for the poor !
Since money is detached from VALUE , you can print as much as you want aka QE or burn as much as you need (QT) .. the goal is to satisfy the three things that I described ..
As far a stable is concerned - it apparent meaning is the loaf you buy today should be around the same price tomorrow .. but it has a larger role - for example if money is volatile - no one can plan retirement , businesses can't enter into long term contracts ..
As regards to resource deployment - it means you should be mobilize people to help LA fires , earthquakes and other natural disasters .. if govs don't have the ability to print money , no one will fund these causes .. it is a entire,ly different matter that govs choose to fund wars too - in the same fashion .. but that is a fault of govs .. not the money :-)
Gold is an asset - IT IS NOT MONEY. .
The idea of unpegging money from an underlying asset was the genius of Nixon administration that led to major boom in the western society .. It means , you need money only to transact assets .. you don't need money to hold VALUE . Value is held in assets .. Everyone is free to acquire assets as long as they want to pay the capital gains ..
Bitcoin is a superior asset because it has lowest acquisition threshold ( one Sat) and practically zero transaction fees .. All other assets have high bar to enter . .. In that , it is an APEX asset for the poor !
Since money is detached from VALUE , you can print as much as you want aka QE or burn as much as you need (QT) .. the goal is to satisfy the three things that I described ..
As far a stable is concerned - it apparent meaning is the loaf you buy today should be around the same price tomorrow .. but it has a larger role - for example if money is volatile - no one can plan retirement , businesses can't enter into long term contracts ..
As regards to resource deployment - it means you should be mobilize people to help LA fires , earthquakes and other natural disasters .. if govs don't have the ability to print money , no one will fund these causes .. it is a entire,ly different matter that govs choose to fund wars too - in the same fashion .. but that is a fault of govs .. not the money :-)