Subnostr

This is what I mean with a circular economy. https://youtu.be/LRSQSkiil0M?si=efJoH_9210CgaMFl

I know what you mean, but this function applies to all currencies, FX trades etc.

What I'm saying is that a fixed supply currency can never create economic growth without taking away from another part of the economy.

Simple; you have 100 BTC. Your city requires 25 baseline BTC to operate. So you have 75. Then another 50 is required to upgrade and maintain existing infrastructure. Leaving 25. This 25 is used to pay city workers and services leaving zero available to build new condo's or stadiums or new rail or roads.

Historically, this has been the downfall of entire empires.

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Discussion

Hofer99 4mo ago

Isn't this just Kensian vs Austrian economics?

https://youtu.be/qjjNgW4bZm8?si=c1AMk7jeFV9NrTXL

S!ayer 4mo ago

No it's merchantilsm vs Keynesian, Austrian economics doesn't work. Keyensian economics requires state intervention or things like 2008 crisis will kill millions at the hands of bankers

This is why all governments/central bankers globally use Keyensian modelling and not Austrian or merchantilsm models.

Well, some still try to do merchantilsm models...

Hofer99 4mo ago

Is btc Austrian economics?

S!ayer 4mo ago

No, given it's fixed cap it's merchantilsm.

In order for your pot to grow, someone else's needs to shrink.

If Saylor is holding a big pot and not releasing any, then how does the circular economics work?

It doesn't.

In fact Satoshi is like England, Saylor is like Spain and Mara is like Portugal. Black Rock is like Belgium or the Dutch.

They all collapsed because the demand for gold had a cap. The search for it lead to colonial endeavours and the extraction of wealth from China, Indo Pacific, India, South America and Africa all propped up economies until it just couldn't.

S!ayer 4mo ago

One chair model 😂 🤣

So what happens when you want to build a new apartment or shopping centre or airport? Do you cut the chair in half? How would you pay for development? How do you grow the number of chairs?

Or do you play musical chairs and keep the economy stagnant?

Hofer99 4mo ago

You stop using anything that others print for free. Other then that I don't give AF what you use. What is your currency of choice or that model you speak of?

S!ayer 4mo ago

Any gold backed currency is probably the best option, always has been

Everyone supported the gold back dollar. It's only been 50 years since Nixon removed that policy and it's been downhill since then

Hofer99 4mo ago

All fine and dandy in a perfect world. But look at last 5k years of history and see that gold fails everytime. Ask yourself why.

Romans used gold.

USA used gold.

Gold won't save you.

Hofer99 4mo ago

Btc won't save the state. The state is incompetent and will collapse regardless. You gotta save yourself. Or at least try lol.

S!ayer 4mo ago

I agree with you here, the state is incompetent and often slow. But when shit hits the fan, everyone looks to the state for bailouts

Hofer99 4mo ago

that's how it's designed. They want you dependent on the state. When shit really hits the fan people will get in line for free food just like they got in line for free vaxx. Government propegemda station will just tell you where to go. Free food.

S!ayer 4mo ago

Yes, the masses are dumb and uneducated.

It's either that or death.

In South Africa, any simple changes in inflation kills people, so our central bank keeps that at the forefront of their minds.

In fact, they were the first to raise rates in 2021! During the boom cycle and everyone mocked the central bank.

Alas, when inflation did hit a year later we were only seeing marginal changes (0.5%) versus the USA at 5%

Hofer99 4mo ago

Ya Central banks are retarded.

S!ayer 4mo ago

They're meant to be. They only control the flow of money, and don't set monetary policies.

And they can only do that via interest rates to the banks.

The banks are the ones who fuck everyone, creating money out of nothing so that people can get loans for houses, cars, clothes whatever.

Rates will remain higher until the appetite for debt drops substantially.

S!ayer 4mo ago

Gold failed because the Romans couldn't pay soldiers and maintenance using the finite pot of supply.

This is merchantilsm.

However Gold hasn't failed in India or China. The USA also didn't fail with gold until Nixon moved off it in 1971.

You need fiat aka debt to facilitate growth (look at how the USA has boomed and developed since 1971)

After all, what are bitcoin treasury companies? They'll have an issuance of paper Bitcoin's aka lighting in order to facilitate growth 📈 but not bitcoin