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You changed my quote to make your argument. I never said the "voluntary exchange" thing your entire argument was predicated on.

I think voluntary exchange is one of the most fundamental rights in a society. I think inflation incentivizes overconsumption, a perfect money with no inflation does not have that same incentive. I'm not arguing for some hypothetical money with 10% YOY deflation.

I simply think that underlying tool we use to valuate everything in society, should remain perfectly finite.

Lysander Spooner 2y ago

If you believe it should be finite, you'd think you'd go for a non-fiat good - one that never had an arbitrary amount decreed into existence, and one that physically could not, ever.

How's that inflation avoidance doing anyway? You sure if my widgets are finite they cannot lose value? Last I checked (today) BTC inflated 45% more than USD did in the past year. Talking hypothetical is great and all, but no central planner has ever invented a good that doesnt lose value relative to other goods, and it doesnt start here.

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Discussion

Michael R. Sullivan 2y ago

Perfectly finite is actually the reason I find bitcoin so enthralling. It is the most scarce thing to exist.

The first ever miner of bitcoin had to expend physical energy to get their first bitcoin. It wasn't even free for Satoshi.

Lysander Spooner 2y ago

We're going to pretend its unable to be edited arbitrarily by one of five dudes. Because you can always fork, right?

bitcoinjiujitsu 2y ago

#[4] who are the 5 dudes that can arbitrarily edit #Bitcoin?

Michael R. Sullivan 2y ago

We've officially got terrible anti-bitcoin arguments over in Nostr. Does that mean we've officially made it as a platform? #[1]

Lysander Spooner 2y ago

Thought I'd give a bit of healthy balance to the fanboism here. Imagine how you'd feel if every 3rd post on Nostr was shilling a shitcoin. I believe in just 1 more shitcoin than you do.

CitizenPleb 2y ago

There is no spoon. 🥄