DataNostrum on Nostr: That's great! Except I don't know what nests is 😅 . I'll fire off the first ...
That's great! Except I don't know what nests is 😅 .
I'll fire off the first question by text. In your recent interview on the Block Reward podcast, you said that Bitcoin was repricing everything forever. I believe the same thing, but at the moment, there is another (stronger) dynamic at play: Bitcoin is being monetized. People are putting monetary energy into Bitcoin, by buying and holding it, i.e. transferring monetary energy from fiat and other assets to Bitcoin. I would expect this dynamic to slow down by a lot at some point - at the latest when essentially most of the world's value is stored in Bitcoin. Only at that point (IMO) could we really measure the dynamic that you described, in which the gains due to technology accrue to us instead of being stolen from us.
I would be grateful for your thoughts on this!
I'll fire off the first question by text. In your recent interview on the Block Reward podcast, you said that Bitcoin was repricing everything forever. I believe the same thing, but at the moment, there is another (stronger) dynamic at play: Bitcoin is being monetized. People are putting monetary energy into Bitcoin, by buying and holding it, i.e. transferring monetary energy from fiat and other assets to Bitcoin. I would expect this dynamic to slow down by a lot at some point - at the latest when essentially most of the world's value is stored in Bitcoin. Only at that point (IMO) could we really measure the dynamic that you described, in which the gains due to technology accrue to us instead of being stolen from us.
I would be grateful for your thoughts on this!