When you debase money, you really debase labor and ultimately the actually scarce resource of time.
Money that's as scarce as your time correctly values it.
When you debase money, you really debase labor and ultimately the actually scarce resource of time.
Money that's as scarce as your time correctly values it.
Fiat is a dishonest scale.
It’s the formal definition of slavery.
I think we lean into calling it by name.
Great synergy that BTC is also based on time and labor. Fiat is marginal labor / infrastructure cost.