MBitcoiner on Nostr: Here’s our first essay in the Bitcoin Only Series, where we focus on the economic ...
Here’s our first essay in the Bitcoin Only Series, where we focus on the economic flaws of crypto.
We highlight Bitcoin’s credibly fixed supply and its optimization for money, while altcoins lack credibility due to ever-changing monetary policies. Instead of competing as money, altcoins primarily focus on non-monetary utility, which sacrifice monetary utility by default. We also focus on the circularity of the popular utility of "yield", and explain why it's not actually real and how it's not a substitute for money.
Read the full essay here on Bitcoin Majlis:
https://bitcoinmajlis.org/bitcoin-only-series-1-4-economic-issues-of-crypto/
We highlight Bitcoin’s credibly fixed supply and its optimization for money, while altcoins lack credibility due to ever-changing monetary policies. Instead of competing as money, altcoins primarily focus on non-monetary utility, which sacrifice monetary utility by default. We also focus on the circularity of the popular utility of "yield", and explain why it's not actually real and how it's not a substitute for money.
Read the full essay here on Bitcoin Majlis:
https://bitcoinmajlis.org/bitcoin-only-series-1-4-economic-issues-of-crypto/