rafael on Nostr: Money is a ruler by which we measure what length of the economy belongs to whom. The ...
Money is a ruler by which we measure what length of the economy belongs to whom.
The fiat system allows some people to add centimeters (or inches for my imperial friends) to that ruler, without any changes in the real economy.
As a result, even though you nominally have the same amount of centimeters as before, the ruler itself has more centimeters with which it measures the economy. This means that your centimeters don’t buy as much as it did before.
#Bitcoin is a golden ruler that doesn’t allow for a single nanometer to be added to it. As the economy grows and the ruler stays the same, your centimeters buy more and more (since the entire economy has to fit the same ruler).
If that doesn’t do the trick to make someone understand Bitcoin I don’t know what else will.
The fiat system allows some people to add centimeters (or inches for my imperial friends) to that ruler, without any changes in the real economy.
As a result, even though you nominally have the same amount of centimeters as before, the ruler itself has more centimeters with which it measures the economy. This means that your centimeters don’t buy as much as it did before.
#Bitcoin is a golden ruler that doesn’t allow for a single nanometer to be added to it. As the economy grows and the ruler stays the same, your centimeters buy more and more (since the entire economy has to fit the same ruler).
If that doesn’t do the trick to make someone understand Bitcoin I don’t know what else will.