The Big Gunt on Nostr: How does Bitcoin challenge the existing definitions of “money” and “value”? ...
How does Bitcoin challenge the existing definitions of “money” and “value”?
Well what we’ve had since 1971 (when the fucker Nixon took the world ultimately off the gold standard) - we’ve had a debt based shitshow.. 2008 - what is coming will make that look like absolute child’s play - I’m by no means a MACRO specialist but even I can understand that the maths does add up - that can is being kicked down the road and eventually the road runs out - so either they build more road (PRINT TRILLIONS AND TRILLIONS) or they let the market heal itself and see who is wearing pants when the tide goes out.. #bitcoinwillstillbepushingoutblocks #nysewillbeashitshow #ihopesatoshisitsoutsidereadingnostrandjustsmiling
Money - something a group of people agree is worth time and effort.. work needs to be done to make the money (not like we have now)
Value - in my opinion is based on what the market determines based on many people offering similar services and goods.
Well what we’ve had since 1971 (when the fucker Nixon took the world ultimately off the gold standard) - we’ve had a debt based shitshow.. 2008 - what is coming will make that look like absolute child’s play - I’m by no means a MACRO specialist but even I can understand that the maths does add up - that can is being kicked down the road and eventually the road runs out - so either they build more road (PRINT TRILLIONS AND TRILLIONS) or they let the market heal itself and see who is wearing pants when the tide goes out.. #bitcoinwillstillbepushingoutblocks #nysewillbeashitshow #ihopesatoshisitsoutsidereadingnostrandjustsmiling
Money - something a group of people agree is worth time and effort.. work needs to be done to make the money (not like we have now)
Value - in my opinion is based on what the market determines based on many people offering similar services and goods.