Global Feed Post Login
Replying to Avatar walker

Yes, Peter Schiff actually just made the claim that #Bitcoin isn’t scarce because you can divide them into satoshis 😂

As the old saying goes: “Give a man a fish and he’ll eat for a day. Cut a fish into a 100 million pieces and he’ll eat for 100 million days.”

Honestly kudos to nostr:npub1dmcd5wqd3yku05svp6xqk5gyywek4cgg0w3dk63tcu0rmjxnanns5xutjm for not breaking out in laughter. https://v.nostr.build/rDkMlUU34tb0UwcL.mp4

Avatar
Niko 📚 Konsensus Network 1y ago

He accidentally makes an excellent point: you can do with a satoshi everything you can do with a bitcoin (valuation aside). This is the rothbardian argument for a locked maximum circulation in hard money: any locked amount will work on any size of economy.

Reply to this note

Please Login to reply.

Discussion

Avatar
walker 1y ago

Get in touch with me now via simpleX Chat🔗

https://simplex.chat/contact#/?v=2-7&smp=smp%3A%2F%2F6iIcWT_dF2zN_w5xzZEY7HI2Prbh3ldP07YTyDexPjE%3D%40smp10.simplex.im%2FepOpRfQFhA0jlSBSakCKoqx-RgXZhMO1%23%2F%3Fv%3D1-3%26dh%3DMCowBQYDK2VuAyEA07DHqJZPyeHgn0V41wdBzUR9FTco_-X-eyNd47HuXBc%253D%26srv%3Drb2pbttocvnbrngnwziclp2f4ckjq65kebafws6g4hy22cdaiv5dwjqd.onion

Thread collapsed