MatthewD on Nostr: Read the "boring gray metal" Bitcoin talk post. OP covers this well from like 2010. ...
Read the "boring gray metal" Bitcoin talk post.
OP covers this well from like 2010. Market needs a large enough pool of reference prices whereby people demand the goods priced in sats.
The entire history of economics relies on reference prices, one system referencing the prior system - building on itself and leveraging exploits in the old system to build the new.
OP covers this well from like 2010. Market needs a large enough pool of reference prices whereby people demand the goods priced in sats.
The entire history of economics relies on reference prices, one system referencing the prior system - building on itself and leveraging exploits in the old system to build the new.