Corbin on Nostr: False. Money is emergent, people gravitate to the best money. No one deemed gold, ...
False. Money is emergent, people gravitate to the best money. No one deemed gold, silver or any other money as money, it becomes money.
The most successful monies throughout history, the monies leading to the most prosperous societies with least negative impacts or corruption from the money itself has always been hard/sound, scarce money.
Bitcoin is almost infinitely divisible. Holding money/saving is good. Supply and demand and free markets dictate people have to spend the money to get stuff and they must provide value to perpetuate wealth.
Hoarding scarce money doesn't last. Fiat, proof of stake incentivizes rent seeking and perpetuated gains based off government influence and benefitting from perpetually cheaper debt caused by inflation benefiting the rich.
The inflation causes assets to be a hedge creating wealth disparity and ill gotten gains rooted in money printing. Study Austrian economics, study #bitcoin
The most successful monies throughout history, the monies leading to the most prosperous societies with least negative impacts or corruption from the money itself has always been hard/sound, scarce money.
Bitcoin is almost infinitely divisible. Holding money/saving is good. Supply and demand and free markets dictate people have to spend the money to get stuff and they must provide value to perpetuate wealth.
Hoarding scarce money doesn't last. Fiat, proof of stake incentivizes rent seeking and perpetuated gains based off government influence and benefitting from perpetually cheaper debt caused by inflation benefiting the rich.
The inflation causes assets to be a hedge creating wealth disparity and ill gotten gains rooted in money printing. Study Austrian economics, study #bitcoin
quoting note10tq…vvhsby some accounts, we’re as free as it’s going to get
note1mnk…msyl
