Don’t say that term around Knut. He hates it and won’t explain why except for “read Mises.”
Inspiring: Bitcoiners sensing other Bitcoiners to create a circular economy https://nostr.build/av/8cac3ec47bb507404beb87d8d91269d20ec3bc042f1f2e94b37f1126413cdd88.mov
Discussion
Well, his “infinity divided by 21M” meme doesn’t make much sense to me, as it’s neither infinity nor 21M, so I find it peculiar he’d have an issue with the circular economy term.
The key is for Bitcoin to evolve to a state where you don’t have to trade in and out of dollars, but rather, use sats directly.
Yea. Idk he’s been ornery and ultra contrarian lately. https://x.com/toxicbitcoiner/status/1677659130767593472?s=46&t=3rizn-Qv7iVctiOSqlWynQ
I think he assumes “circular” implies “closed system.” Weird semantic hill to die on.