TXMC on Nostr: I've spent the bear market diving deep into the halls of financial history, of ...
I've spent the bear market diving deep into the halls of financial history, of humans' relationship with money.
We repeat the same cycles over and over. From Ancient China, to Imperial Rome, to medieval Europe, to pre-revolutionary America. Every story is similar: human greed duplicates money trivially, thus creating excessive claims on the real economy. Prices of commodities skyrocket, confidence is lost, and economic collapse ensues.
In the rubble of the crash, the people inevitably return to the safety and solace of commodities- to outside money. In the past these were precious metals, grains, tobacco leaves, silks, etc. Each of these served as real money for a time, and each had inherent flaws. History is rife with these tales.
When the next systemic reset occurs as it invariably will, emptying fiat hands will seek shelter in a money that cannot be diluted or debased, which cannot be censored or confiscated. A borderless, decentralized digital commodity now exists to fill that void.
There they will find Bitcoin.
We repeat the same cycles over and over. From Ancient China, to Imperial Rome, to medieval Europe, to pre-revolutionary America. Every story is similar: human greed duplicates money trivially, thus creating excessive claims on the real economy. Prices of commodities skyrocket, confidence is lost, and economic collapse ensues.
In the rubble of the crash, the people inevitably return to the safety and solace of commodities- to outside money. In the past these were precious metals, grains, tobacco leaves, silks, etc. Each of these served as real money for a time, and each had inherent flaws. History is rife with these tales.
When the next systemic reset occurs as it invariably will, emptying fiat hands will seek shelter in a money that cannot be diluted or debased, which cannot be censored or confiscated. A borderless, decentralized digital commodity now exists to fill that void.
There they will find Bitcoin.