The Cantillon Effect...

refers to the phenomenon that occurs when there is an increase in the money supply, which can lead to changes in relative prices and wealth distribution. It is named after the 18th-century economist Richard Cantillon, who first described the effect.

When central banks or governments increase the money supply, typically by implementing expansionary monetary policies like lowering interest rates or engaging in quantitative easing, newly created money does not enter the economy evenly. Instead, it is first received by certain individuals or entities, such as banks or financial institutions, who can then use this new money to invest, lend, or spend. As a result, these early recipients of new money benefit from being able to use it before the overall price levels in the economy have adjusted to the increase in money supply.

As the new money circulates through the economy, it gradually leads to an increase in demand for goods and services, which in turn can cause prices to rise – a phenomenon known as inflation. For individuals who hold a lot of cash, this inflation erodes the purchasing power of their money, making it worth less over time.

The Cantillon Effect highlights that the increase in money supply can result in wealth redistribution from those who receive the new money later in the process (or not at all) to those who receive it earlier. In other words, people holding cash or living on fixed incomes

Hadn't considered John Nash.

Current favourite is Len Sassaman, suicide in 2011 shortly after bowing out from Bitcoin.

But with a twist in that Hal Finney may have had delegated control of the forum identity, and made one last post as 'Satoshi' in 2014.

In the sense that we perpetuate the vision by promoting the white paper, running a node, building the ecosystem, using sats, and pressing for a replacement to bail outs and banks... we can say "we are all Satoshi". More accurately, the cypherpunks who contributed building blocks that were fused into the white paper and refined the code since, are in a corporate sense Satoshi.

Len Sassaman (with Hal Finney as copilot) is most likely the Satoshi identity behind the paper and code release.

Block 138725 (30 July 2011) contains a transaction which used the PUSH_BYTES operator to insert a message at the cost of 1 BTC. The message is a combination of ASCII art and text. Behold the face of Satoshi.

I love the fact that you can vote with your feet in USA. I wish I had this system in my country.

Did you stack sats with the savings?

Never block someone simply because someone else you admire has.

#MasculineFrame

Is it my confirmation bias or is everyone who refers to themselves as "educated" just an idiot?

It looks great! And so glad someone could help! 😎

I don’t know Valeska Grisebach’s work. I’ll put it on my list of things to watch.

Have you seen any of her other films #[2]​ ?

An artist, an entrepreneurial mind and hyperbitcoinzation walks into a bar..

I believe to a incoming relay but this time a invite to join feature

lfg then - added to my todo 🫡🤍

How we doing ? 🤍🤜🤛

that's yuge. honored to hear fr.

perhaps i should try to realise that 👀

ha gotcha! thank you :)

can't recall exactly what i was going for w that one, so great to hear you describe it like that 😊

No 😂 lucky find.