quinton on Nostr: The Bitcoin Standard: The total circulating supply of money is capped at 21M. Banks ...
The Bitcoin Standard:
The total circulating supply of money is capped at 21M.
Banks that operate irresponsible balance sheets will not be bailed out in the event of a bank-run or credit crunch. The free market will decide the fate of success and failure across all economic activities. Most importantly, no individual, group, institution or government will be able to siphon wealth from holders of the currency through the act of inflation. Instead, the new norm will be perpetual deflation as technology continues to advance, boosting productivity and economic activity. Prices will be lower, giving individuals greater purchasing power. The new world will be more digital, more energy intensive and therefore more abundance for all. This can only be made possible with a monetary system that is open-source and backed by mathematics and physics, two domains that exhibit nothing but the truth. We have never before in the history of the human race seen a monetary system that is governed by truth and integrity. Individuals for the first time ever now have the ability to plan for the future with absolute clarity. This is what the Bitcoin standard can offer. A world that pushes for freedom and abundance.
The total circulating supply of money is capped at 21M.
Banks that operate irresponsible balance sheets will not be bailed out in the event of a bank-run or credit crunch. The free market will decide the fate of success and failure across all economic activities. Most importantly, no individual, group, institution or government will be able to siphon wealth from holders of the currency through the act of inflation. Instead, the new norm will be perpetual deflation as technology continues to advance, boosting productivity and economic activity. Prices will be lower, giving individuals greater purchasing power. The new world will be more digital, more energy intensive and therefore more abundance for all. This can only be made possible with a monetary system that is open-source and backed by mathematics and physics, two domains that exhibit nothing but the truth. We have never before in the history of the human race seen a monetary system that is governed by truth and integrity. Individuals for the first time ever now have the ability to plan for the future with absolute clarity. This is what the Bitcoin standard can offer. A world that pushes for freedom and abundance.