edilmedeiros on Nostr: My most recent paper addresses the excellent book Better Money: Gold, Fiat, Or ...
My most recent paper addresses the excellent book Better Money: Gold, Fiat, Or Bitcoin?, by Lawrence White.
Tl;dr for the bitcoiners around:
- you probably don't understand the economic weaknesses of bitcoin, it's not superior to gold in all aspects.
Tl;dr for the bitcoin skepticals:
- you probably don't understand money enough, it's inferior to gold and bitcoin in virtually all aspects.
Unfortunately, what drives adoption of new technology is not technical superiority, but the increasing friction on the incumbent system. For fiat, friction is called inflation.
https://doi.org/10.30800/mises.2024.v12.1558
Tl;dr for the bitcoiners around:
- you probably don't understand the economic weaknesses of bitcoin, it's not superior to gold in all aspects.
Tl;dr for the bitcoin skepticals:
- you probably don't understand money enough, it's inferior to gold and bitcoin in virtually all aspects.
Unfortunately, what drives adoption of new technology is not technical superiority, but the increasing friction on the incumbent system. For fiat, friction is called inflation.
https://doi.org/10.30800/mises.2024.v12.1558