WedgeSocial on Nostr: You are describing the other coins attempting to be money. Thats not bitcoin. Bitcoin ...
You are describing the other coins attempting to be money. Thats not bitcoin. Bitcoin has a set supply, and increasing demand, others have tried to replicate bitcoin for 14 yrs now.
Call me “satoshi” & assume a money shortage: i can grow lettuce and use it as money to exchange for goods & services but its elastic supply will always meet demand at the lowest possible margin of cost. I will lose my savings either to decay or a larger producer. I didn’t create money, i created a good that can be temporarily exploited to gain more resources. Furthermore who will accept 10 truckloads of lettuce for a car that they produce. Just because i “satoshi” produced it does not make it money.
Call me “satoshi” & assume a money shortage: i can grow lettuce and use it as money to exchange for goods & services but its elastic supply will always meet demand at the lowest possible margin of cost. I will lose my savings either to decay or a larger producer. I didn’t create money, i created a good that can be temporarily exploited to gain more resources. Furthermore who will accept 10 truckloads of lettuce for a car that they produce. Just because i “satoshi” produced it does not make it money.