What is Nostr?
halalmoney
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2025-01-04 18:32:39

halalmoney on Nostr: “…the game theory says that in time everyone will adopt bitcoin because those who ...

“…the game theory says that in time everyone will adopt bitcoin because those who do first have an advantage over those who do later, creating a race condition.

The reality of bitcoin is that it rewards net producers and punishes net consumers”
well... realize that "the US" is made up of many different people from many different factions each with their own interests and agendas. It's easy to oversimplify this into imagining the country or it's government is some kind of entity with thoughts of it's own. But it's not.

However the game theory says that in time everyone will adopt bitcoin because those who do first have an advantage over those who do later, creating a race condition.

The reality of bitcoin is that it rewards net producers and punishes net consumers. The central banking cartel is certainly the world's largest consumer, performing rent-seeking at the highest levels and indebting governments to it. Net consumers who live off a corrupt debased money will oppose bitcoin at all costs because bitcoin will punish them, impoverish them, and ultimately destroy them. Those who produce for a living, bringing something of value to society will be rewarded by bitcoin. In time as they come to understand this, they will support it.
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