FreeYoda on Nostr: Nice stuff, thanks. I have a limited view on money. I my mind Gold is money and now ...
Nice stuff, thanks.
I have a limited view on money.
I my mind Gold is money and now Bitcoin.
Gold has a natural monetary policy (scarcity and the energy needed to find/retrieve it) Bitcoins monetary policy is hard coded but the coinbase reducing slowly to zero every halving.
Fiat is debt and since not attached to something it is more imaginairing debt.., the monetary policy is changing all the time. So all in all the garbage all Bitcoiners recognize.
I have to think about the asset aspect, I still have a hard time to make a clear distinction if I should call #Bitcoin money or asset or why you have a hard time to say #Bitcoin can be both in a hybrid way ?
A part of me doesn't care how we name it, but in interaction with others it is nice to align on definitions to prevent unneeded friction.
I gonna need some more time chewing on this.
I have a limited view on money.
I my mind Gold is money and now Bitcoin.
Gold has a natural monetary policy (scarcity and the energy needed to find/retrieve it) Bitcoins monetary policy is hard coded but the coinbase reducing slowly to zero every halving.
Fiat is debt and since not attached to something it is more imaginairing debt.., the monetary policy is changing all the time. So all in all the garbage all Bitcoiners recognize.
I have to think about the asset aspect, I still have a hard time to make a clear distinction if I should call #Bitcoin money or asset or why you have a hard time to say #Bitcoin can be both in a hybrid way ?
A part of me doesn't care how we name it, but in interaction with others it is nice to align on definitions to prevent unneeded friction.
I gonna need some more time chewing on this.