All stability has a hidden cost
It’s usually not worth it.
nostr:note1r4yz6gjwrhxsz9j9evwt4dspvldsgrcst68vkshc8utupevr3tcsmj8rru
Discussion
Stability is often worth it imo. That's the reason why humans are not generally nomads, why Sapens sapens embraced monogamy. The illusion of stability is what hurts: fiat is not stable but seems to be, democracy is not stable but seems to be.
Bitcoin monetary policy is stable and that's good...humans thrive thanks to stability, not having always to "figure out stuff" and being able to focus is a gift of stability.
my2cents
It depends what stability you want and how you define it.
Bitcoin has kind of stable monetary policy, i.e. the rules haven't changed since beginning. It is also somewhat unstable from other PoV, i.e. the emissions halves every ~4Y.
And we can look at absolute price stability. Those prices aren't much stable in Bitcoin. I hope they will be once enough adoption is done, but we aren't there yet.
Or we can look at relative prices stability. Since every progress makes something cheaper, any progress inherently changes relative prices, which is good for efficiency. Making prices stable goes against the efficiency gain
prolly worth it
if this about sailboats
& we are talkin keels/centerboards
if not tho, yea
prolly right
since 1968
before that prices were really stable