Spencer on Nostr: The European Central Bank released a paper on October 12th 2024 kicking the ...
The European Central Bank released a paper on October 12th 2024 kicking the propaganda war against Bitcoin into the next gear, from Bitcoin is gambling to Bitcoin is stealing. The study by the ECB paints the narrative that Bitcoin has no legitimate financial use case, and that if the Bitcoin price somehow manages to persistently continue higher it will only succeed in impoverishing non-bitcoin users and latecomers.
False. Bitcoin's financial use case is to protect every person on Earth from Central Bank basement.
Bitcoin will benefit non-bitcoin users and latecomers by ushering in the abundance of the 5-Hour work week. Without bitcoin, robots take your job and prices rise forever, forcing you to work harder. With bitcoin, robots take your job and prices fall forever, enabling you to work less.
But it is nice to see central banks finally agree with me that savers using fiat will be impoverished and savers using Bitcoin will be rewarded.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877
False. Bitcoin's financial use case is to protect every person on Earth from Central Bank basement.
Bitcoin will benefit non-bitcoin users and latecomers by ushering in the abundance of the 5-Hour work week. Without bitcoin, robots take your job and prices rise forever, forcing you to work harder. With bitcoin, robots take your job and prices fall forever, enabling you to work less.
But it is nice to see central banks finally agree with me that savers using fiat will be impoverished and savers using Bitcoin will be rewarded.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877