bram on Nostr: Productivity growth is always happening. Deflation is a natural phenomenon. ...
Productivity growth is always happening.
Deflation is a natural phenomenon.
Technology gets cheaper and access is democratized.
BUT:
If you constantly create more money (units) to pay for the ever increasing productivit, all productivity gains are offset by the debasement of the money units.
It makes prices rise but lowers the quality of the offered goods and services.
Abundant money leads to scarce quality output.
If deflation through technology is natural and an assured occurance, it should be rewarded and measured in a hard money.
With a hard cap supply.
This scarce reward puts increased productivity into overdrive and it incentivizes abundant quality output (that makes prices drop, and so on).
Bitcoin is the only asset (or instrument) that we should price our productivity gains in.
ESPECIALLY with an accelerating AI shock in the short-term future (<10 years).
Bitcoin is the only, verified, asset with an absolute supply. Secured by math and physics.
And it is global, digital decentralized, secure, permissionless, trustless, a-political, and a-religious.
Its use case: MONEY, is the biggest in the world.
How do we price our future?
THAT is the question.
cc Jeff Booth (npub1s05…eyhe)
Deflation is a natural phenomenon.
Technology gets cheaper and access is democratized.
BUT:
If you constantly create more money (units) to pay for the ever increasing productivit, all productivity gains are offset by the debasement of the money units.
It makes prices rise but lowers the quality of the offered goods and services.
Abundant money leads to scarce quality output.
If deflation through technology is natural and an assured occurance, it should be rewarded and measured in a hard money.
With a hard cap supply.
This scarce reward puts increased productivity into overdrive and it incentivizes abundant quality output (that makes prices drop, and so on).
Bitcoin is the only asset (or instrument) that we should price our productivity gains in.
ESPECIALLY with an accelerating AI shock in the short-term future (<10 years).
Bitcoin is the only, verified, asset with an absolute supply. Secured by math and physics.
And it is global, digital decentralized, secure, permissionless, trustless, a-political, and a-religious.
Its use case: MONEY, is the biggest in the world.
How do we price our future?
THAT is the question.
cc Jeff Booth (npub1s05…eyhe)