HanShan on Nostr: I basically agree with those points regarding gold. but we're discussing supply ...
I basically agree with those points regarding gold.
but we're discussing supply inflation.
and gold never became a poor store of value because of supply inflation
iow
a fixed and immutable supply isn't a requirement of money.
doing so has tradeoffs like everything else
but talking like its a necessary property of money is obviously contradicted by history.
Published at
2024-11-21 18:23:58Event JSON
{
"id": "205b3e981150637065e60842aa182adf7e8ddde177f2e91801be6fe8fe006f85",
"pubkey": "f985d309197c805e1719c73185b574fc3ee407d7c1b6157dee99c6ace2599bbb",
"created_at": 1732213438,
"kind": 1,
"tags": [
[
"e",
"0816e2bc91abe6d36e7f58bf83125eb8d18c057b40cf5e52224fc3e356a26d8d",
"wss://eden.nostr.land/",
"root"
],
[
"e",
"32fe806af8dc2d3711553f15000ed52a44bd70e8ee8d1c6247be411010430847",
"wss://relay.mostr.pub/",
"reply"
],
[
"p",
"45f195cffcb8c9724efc248f0507a2fb65b579dfabe7cd35398598163cab7627",
"",
"mention"
],
[
"p",
"f74f0159af602195f2890d47acc1b9cd8774175afcba8f6239e3d40413df1eb9",
"",
"mention"
]
],
"content": "I basically agree with those points regarding gold.\n\nbut we're discussing supply inflation.\nand gold never became a poor store of value because of supply inflation \n\niow\na fixed and immutable supply isn't a requirement of money.\ndoing so has tradeoffs like everything else\nbut talking like its a necessary property of money is obviously contradicted by history.",
"sig": "c8117cffca69aa30c6415bf83bccd2cc07198563ad5745f328a455992cf86415cd57a48dd93ce1736197db8215866967aea96b68925387004ad24e9b7bbbda33"
}