JackTheMimic on Nostr: What is realistic? Basically the contention comes down to nominal versus real "gains" ...
What is realistic? Basically the contention comes down to nominal versus real "gains" and what can be measured.
Saylor is using the dollar as a measuring stick. That is an impossible, and at the very least innaccurate measure. Saying "5%" doesn't mean anything realistically when you have some sort of ever expanding pizza. It makes no sense to say I want 5% of a pizza that is expanding in volume but becoming less calorie dense with each expansion per square inch.
Saylor is saying people want more pizza and will continue to want more pizza.
Saif is saying people want calories and will make the choices that meet that end.
Which one is the realist? Well, the people who chase the ever expanding slice will STARVE to death and are therefore inconsequential to the future. Those who chase calories will still be alive in the future and thus be important to analyze.
This is the same problem as when people say "The government and blackrock having Bitcoin will be bad."
How?
When they fail to produce value they will have their holding siphoned away but productive people. How will they gather more when they are the least efficient and most wasteful entities? They won't they will just spend their Bitcoin until there's nothing left trying to keep their charade afloat.
Saylor seems to think that the fiat paradigm is just "not efficient." He is incorrect. It is a sinkhole of human production that is only alive through the sheer volume of of social cohesion. Think of a blown tire going 80MPH. The only thing keeping your car from flying off of the road is that this stretch is fairly straight and you have momentum. The moment there is a(n economic) curve in the road, the crash will be quick and it will be violent.
Sorry for the diatribe but the buzz of "Realist" sticks in my brain. The people who dropped bombs on civilians in Japan were Realists. We need to search your bags be fore you get on the plane are Realists. It always seems to give cover to moral misgivings because if we stop the car with the blown tire we might lose control. I reject that.
Saylor is using the dollar as a measuring stick. That is an impossible, and at the very least innaccurate measure. Saying "5%" doesn't mean anything realistically when you have some sort of ever expanding pizza. It makes no sense to say I want 5% of a pizza that is expanding in volume but becoming less calorie dense with each expansion per square inch.
Saylor is saying people want more pizza and will continue to want more pizza.
Saif is saying people want calories and will make the choices that meet that end.
Which one is the realist? Well, the people who chase the ever expanding slice will STARVE to death and are therefore inconsequential to the future. Those who chase calories will still be alive in the future and thus be important to analyze.
This is the same problem as when people say "The government and blackrock having Bitcoin will be bad."
How?
When they fail to produce value they will have their holding siphoned away but productive people. How will they gather more when they are the least efficient and most wasteful entities? They won't they will just spend their Bitcoin until there's nothing left trying to keep their charade afloat.
Saylor seems to think that the fiat paradigm is just "not efficient." He is incorrect. It is a sinkhole of human production that is only alive through the sheer volume of of social cohesion. Think of a blown tire going 80MPH. The only thing keeping your car from flying off of the road is that this stretch is fairly straight and you have momentum. The moment there is a(n economic) curve in the road, the crash will be quick and it will be violent.
Sorry for the diatribe but the buzz of "Realist" sticks in my brain. The people who dropped bombs on civilians in Japan were Realists. We need to search your bags be fore you get on the plane are Realists. It always seems to give cover to moral misgivings because if we stop the car with the blown tire we might lose control. I reject that.