Room34 on Nostr: yeah i pretty much gave up. i came to the conclusion that bitcoin is a great store of ...
yeah i pretty much gave up. i came to the conclusion that bitcoin is a great store of value but it will be decades, at best, before it's a useful medium of exchange. and it might never happen. in that time frame we'll get digital fiat and the herd will continue to prefer the devil they know over the devil they don't 😢
i actually changed my thinking somewhat through this process and really opened up to the steel man idea of credit money. spent a long time studying it, as well as commodity theory, and i'm still on the fence as to whether a deflationary currency would even be more useful as MoE and UoA (and for generating debt for productive uses) than a well-managed, low-inflation credit money. the key is 'well-managed', but i lean more in that direction now.
bitcoin is a great SoV. maybe that's enough.
i actually changed my thinking somewhat through this process and really opened up to the steel man idea of credit money. spent a long time studying it, as well as commodity theory, and i'm still on the fence as to whether a deflationary currency would even be more useful as MoE and UoA (and for generating debt for productive uses) than a well-managed, low-inflation credit money. the key is 'well-managed', but i lean more in that direction now.
bitcoin is a great SoV. maybe that's enough.