On a bitcoin standard, the only way to justify higher prices is to deliver more value.

With fiat, the easiest way is to deliver less value while charging more.

Reply to this note

Please Login to reply.

Discussion

Fiat incentives less quality products

Don’t understand why Normies don’t see this

God this pisses me off... I'm mean WTF 😒

I agree 💯

Fiat = value go down technology as people are pushed ever so much to wring out every last cent of value often by cutting corners. People are almost forced to scam others just to keep afloat

Only non-kyc and non-custial and peer to peer.

Otherwise taxation and coercion / redistribution can achieve lead to deliver less and charge more. It will fail quicker but still possible.

Bitcoin means economic justice, fiat means playing with people’s trust.

ITS BEST IF USED P2P.... A AVOID 3RD PARTIES..

FREE MARKET... IT WILL PRICE ITSELF AND EVERYTHING WILL BE REPRICED IN SATOSHI'S... THE MARKET WILL NATURALLY DICTATE THIS .

FIAT IS A COMPLETE AND UTTER LIE AS YOU WELL KNOW ... ITS THAT SIMPLE.

FREEDOM MONEY 💰

Absolutely right! When the market is free and peer-to-peer without intermediaries, prices become more real and fair. Fiat money has no place in the future, and satoshis will take the lead. Financial freedom is here!

THIS IS THE WAY 📢

Many bestselling fiat books have been written on how to deliver less value and charge more

Hearhear⚡️

In other words, Bitcoin has great genes?

Selling my books for bitcoin, I actually adjusted my price down, due to bitcoins deflation!

At the moment, bitcoin is already growing so, if I wanted to upp my prices, I'd definitely feel like I needed to add a lot more value, first to keep the same price, and then to even increase it in bitcoin terms.

I really love how bitcoin works!!!!

A bitcoin standard encourages value creation because its fixed supply means prices can only rise if the value of goods and services also increases. With fiat currency, a government or central bank can increase the money supply, which can lead to inflation. This allows businesses to raise prices without necessarily delivering more value, as the purchasing power of the currency itself is decreasing.

Thoughts 💭 I could be wrong....

True. Fiat forces businesses to either price out customers over time or lower the quality. Bitcoin forces companies to lower prices or increase quality

MY MAN 👊🏼 ABSOLUTELY 💯 TRUE .... I CANT COMMENT ON THIS BECAUSE YOU HIT IT ON THE HEAD..

Hit you with a follow my man! Appreciate you

Nuance, but it’s worse than that:

On a bitcoin standard, the only way to justify current/non-falling prices is to deliver more value.

Bitcoin is the only money that works.

hi -- we were trying to zap you -- but it looks like you haven’t set up a NIP-05 or ⚡ lightning address yet — grab one free at https://rizful.com .. then pls reply here and we will try zapping you...