Humble Henry on Nostr: Yes, but by limiting spending they limit the amount of stuff/influence they can buy. ...
Yes, but by limiting spending they limit the amount of stuff/influence they can buy. The point is, once you spend it, you can’t create more unless you provide value to others. To your second point: that would be awesome. Let’s say I own a million bitcoin. If I die and don’t pass it on, this means that these 1 million bitcoin will never be sold on the market again. It’s basically a donation to everyone else that holds Bitcoin, as contrary as it may sound.
Published at
2023-02-24 07:08:02Event JSON
{
"id": "20cb105c50cfb5561b2fabb0e9d57018b10f77e9c316138e714237cfabf36211",
"pubkey": "93d4ee0574b4f9999f54419fcde7cba35c05f496093279db09f652e661b9e732",
"created_at": 1677222482,
"kind": 1,
"tags": [
[
"e",
"6485134b516e080608c69980284b2dceb9478d7d8150a54865d101924f499501"
],
[
"e",
"fab6bf65252168931873dc8d5cd2c4821ab4e7104569aab1d8b4a44c7efb6fa2"
],
[
"p",
"d9dba0e072bdb353dfb0020de159126af47e69e133ea91bbd48e8bede37320e2"
]
],
"content": "Yes, but by limiting spending they limit the amount of stuff/influence they can buy. The point is, once you spend it, you can’t create more unless you provide value to others. To your second point: that would be awesome. Let’s say I own a million bitcoin. If I die and don’t pass it on, this means that these 1 million bitcoin will never be sold on the market again. It’s basically a donation to everyone else that holds Bitcoin, as contrary as it may sound.",
"sig": "94a1ebabe173db58832e0313851b159c2d5187a4dabfc64b55c45790af6defd78c8df8780b9a253e826097ac1969b731dfdf05c0c306b2c96b7bea7560400b54"
}