btcfeen on Nostr: The simplest explanation for “why btc” is this. When you work you trade your time ...
The simplest explanation for “why btc” is this. When you work you trade your time for money. Right now the government has a monopoly on money. They can debase the money and therefore dilute your money/time. This is bullshit. Inequality is also perpetuated by the treasury system. Those that have more money are unfairly given more for doing nothing. Those that save in treasuries at 5% and have 10 mil get 500k a year. A person with 10,000 only gets 500. Btc fixed this by having a fixed supply and by requiring real world resources to make money. It requires energy. The current fiat system and proof of stake networks are inherently unfair
Published at
2024-08-27 16:18:39Event JSON
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"content": "The simplest explanation for “why btc” is this. When you work you trade your time for money. Right now the government has a monopoly on money. They can debase the money and therefore dilute your money/time. This is bullshit. Inequality is also perpetuated by the treasury system. Those that have more money are unfairly given more for doing nothing. Those that save in treasuries at 5% and have 10 mil get 500k a year. A person with 10,000 only gets 500. Btc fixed this by having a fixed supply and by requiring real world resources to make money. It requires energy. The current fiat system and proof of stake networks are inherently unfair",
"sig": "4cf73c3f6c407c77d6ba003a92cb0455f0e20a59c690f5750b81d73babde26c9e4a5fc1eec0fe09af4f8804d1c0c33959cafe0e61c75976403aa7160eea988b9"
}
